Contribution by Clause Samples
The "CONTRIBUTION BY" clause defines the responsibilities and obligations of each party in providing resources, services, or deliverables under an agreement. Typically, it outlines what each party is expected to contribute, such as funding, personnel, equipment, or intellectual property, and may specify timelines or standards for these contributions. This clause ensures that all parties are clear about their roles and inputs, helping to prevent misunderstandings and disputes regarding who is responsible for what within the collaboration or project.
Contribution by. TEEKAY TO THE MLP OF THE REMAINING OLLC INTEREST AND CASH. The Parties acknowledge Teekay's contribution of the Remaining OLLC Interest to the MLP prior to the Offering, and Teekay acknowledges (a) the continuation of its 98% limited partner interest in the MLP in exchange for its contribution to the MLP of the Remaining OLLC Interest and (b) the Note.
Contribution by. EPP GP of $1,295,918 in cash to the Partnership in exchange for General Partner Units. EPP GP hereby contributes and delivers to the Partnership $1,295,918 in cash to the Partnership, and the Partnership hereby issues and delivers to EPP LP, its successors and assigns, for its and their own use forever, General Partner Units, and EPP GP hereby accepts such General Partner Units from the Partnership.
Contribution by. OLLC of the LP General Partner Interest to Equitrans GP. OLLC hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to Equitrans GP, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the LP General Partner Interest as a capital contribution in exchange for the continuation of its 100% ownership interest in Equitrans GP, and Equitrans GP hereby accepts such LP General Partner Interest.
Contribution by. TEEKAY TO GP LLC OF INITIAL OLLC INTEREST. The Parties acknowledge Teekay's contribution of the Initial OLLC Interest to GP LLC.
Contribution by. TEEKAY TO TOH OF ALL OF ITS REMAINING INTEREST. Teekay contributes its entire remaining interests in MLP GP, MLP and OPCO to TOH.
Contribution by. Ark to GP LP of its SPLs. Ark hereby contributes, transfers and assigns to GP LP, as a capital contribution, its SPLs to continue its interest in GP LP, and GP LP hereby accepts the same.