Contribution Consideration. In consideration for the contribution and assignment to the Joint Venture of the assets contributed hereunder and under the Intellectual Property Agreement, in addition to the Joint Venture’s assumption of the Assumed Liabilities, the Joint Venture will issue to AMD Investments and Fujitsu Sub, Units of the Membership Interests of the Joint Venture, following which, AMD Investments will hold sixty-percent (60%) of the Units of Membership Interests of the Joint Venture (which shall include the Units issued in consideration for the contribution of the AMD Pre-Closing Contributed Assets) and Fujitsu Sub will hold forty-percent (40%) of the Units of Membership Interests of the Joint Venture (collectively, the “Contribution Consideration”). Such respective percentage ownership of Units of Membership Interests of the Joint Venture shall not be affected by the contribution, on the Second Closing Date, of the AMD Post-Closing Contributed Assets and the Fujitsu Post-Closing Contributed Assets.
Appears in 2 contracts
Sources: Contribution and Assumption Agreement, Contribution and Assumption Agreement (Advanced Micro Devices Inc)