Contribution to Capital Sample Clauses
A Contribution to Capital clause defines the terms and conditions under which parties provide additional funds or assets to a company or partnership, increasing its capital base. This clause typically outlines who may contribute, the form such contributions may take (such as cash, property, or services), and the process for valuing and recording these contributions. Its core practical function is to ensure that the process of increasing capital is transparent and equitable among stakeholders, thereby preventing disputes and clarifying each party’s financial commitment to the entity.
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Contribution to Capital. Each of the Organizers shall contribute $20,000 to the Venture at the time such Organizer executes this Agreement. The Organizers contemplate that these funds will be invested in an escrow account with The Bankers Bank which will be used to secure a line of credit issued by The Bankers Bank or other financial provider, to the Venture.
Contribution to Capital. If, after receiving the Parent's Shares, the Purchaser would own at least 90% of the outstanding Shares, then, prior to the Effective Time, the Parent shall contribute all of the Shares owned by it to the capital of the Purchaser.
Contribution to Capital. On or prior to the Separation Date, Adaptec will transfer to Roxio the amount of Ten Million Dollars ($10,000,000) in the form of additional paid-in capital.
Contribution to Capital. On or prior to the Effective Date, NRC shall transfer and deliver to Subsidiary, as a contribution to its capital, such number of shares of NRC Common Stock and such amount of cash or other immediately funds as shall be necessary to carry out the provisions of this Section 5.
Contribution to Capital. Upon effectiveness of the Registration Statement, Brooktrout shall contribute to the capital of Interspeed, and Interspeed shall accept as a contribution to its capital, the full amount of the Brooktrout Advances made up to the date of such effectiveness.
Contribution to Capital. On the Closing Date, and immediately following consummation of the Transfers of the Acquired Assets and Liabilities contemplated by this Agreement and its acquisition of Northstar pursuant to the Northstar Merger Agreement, ASSAC shall contribute all, and not less than all, of the capital stock of the Buyer owned of record by ASSAC to the capital of either or both of the following Persons, as determined by ASSAC in the exercise of its sole discretion: (a) Northstar Re Bermuda and/or Northstar Re Ireland (both Subsidiaries of Northstar), or (b) Allied Provident.
Contribution to Capital. (1) Each Limited Partner shall, on or before the Capital Commitment Contribution Date, contribute to the Partnership its respective Called Capital Contribution. All Called Capital Contributions must be satisfied in cash. A Limited Partner’s contribution may be made by bank draft or certified cheque made payable to the Partnership or by electronic wire transfer of immediately available funds to the bank account of the Partnership.
(2) In connection with any Capital Call, the Manager is authorized to apply cash that would otherwise be distributed (including redemption proceeds) to a Limited Partner in satisfaction of such Limited Partner’s obligation to make a Called Capital Contribution to the extent thereof. The amount applied shall be deemed distributed to the Limited Partner by the Partnership and then contributed by the Limited Partner to the Partnership in satisfaction of such Limited Partner’s obligation to contribute capital.
(3) ▇▇▇▇ received for Capital Calls, Called Capital Contributions, monies held by the Partnership in Reserve or otherwise on hand may be invested, in the sole discretion of the General Partner, in Temporary Investments pending investment in the StepStone Cayman Fund or other uses in connection with the business of the Partnership.
(4) No interest shall accrue on any Capital Contributions made by a Partner.
Contribution to Capital. Netivation shall pay InterLink Fifty Thousand Dollars ($50,000) cash upon the execution of this Agreement, the receipt of which is hereby acknowledged.
Contribution to Capital. Upon expiration of the Due Diligence Period, and assuming this Lease has not been terminated, Lessee shall contribute Five Hundred Thousand Dollars ($500,000) to be allocated among vault cash, working capital, retirement of accounts payable and such other purposes as Lessee and Lessor shall agree and determine in writing, provided that such contribution shall be reduced pro rata by an contribution to capital made by Lessee during the Due Diligence Period. In addition, upon expiration of the Due Diligence Period, and assuming this Lease has not been terminated, Lessee may, in its sole discretion, borrow up to One Million Dollars ($1,000,000) to be used as Lessee shall determine in its sole discretion to improve and upgrade the Assets. Consistent with the provisions of Section 13 hereof, Lessee is authorized by this Lease to utilize gaming and other equipment now among the Assets as collateral for any such borrowing. Notwithstanding the foregoing, Lessee shall have no obligation to make any such borrowing or improve or upgrade the assets, however.
Contribution to Capital. (a) The contribution to the registered capital of the Company subscribed by PARTY A shall be Two Million Eighty One Thousand Six Hundred and ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$2,081,633), representing a fifty one percent (51%) share of the registered capital of the Company, PARTY A's contribution shall consist of (i) buildings, water, electricity, road access and machinery and equipment more particularly described in the list set forth as Exhibit C, and (ii) land use rights described more particularly in Exhibit B, which for purposes of valuation the PARTIES agree are valued at approximately Two Million Eighty One Thousand Six Hundred and Thirty Three United States Dollars (US$2,081,633).
(b) The contribution to the registered capital of the Company subscribed by PARTY B shall be cash in the amount of Two Million United States Dollars (US$2,000,000) representing a forty nine percent (49%) share of the registered capital of the Company.
(c) The capital contributions which shall be made by PARTY A and PARTY B shall be used by the Company only in the implementation of this Contract. Except as otherwise provided herein, all of the items contributed by the PARTIES to the Company shall remain the property of the Company throughout the entire term of this Contract.
(d) PARTY A's Representations and Warranties. With respect to PARTY A's ---------------------------------------- contributions, PARTY A represents and warrants as follows:
(i) PARTY A is the lawful owner of the Contributed Assets, which are free and clear of any lien, mortgage or other security interests and claims;
(ii) PARTY A possesses rights, powers and authorization adequate for it to contribute the Contributed Assets in the manner described in this Contract;
(iii) there is no ongoing or future legal procedure, lawsuit, arbitration procedure, administrative litigation or other government or court order, interdiction, decision or ruling to which PARTY A is a party or which binds or affects the Contributed Assets or is capable of so doing;
(iv) all information provided to PARTY B concerning the Contributed Assets, business, finances and other aspects of business is true, accurate and complete in every respect;
(v) as of the date of this Contract and as of the Effective Date, all of the assets are in good operating condition, consistent with PARTY A's past practices;
(vi) PARTY A has conducted its business in compliance with all important laws, regulations, provisions and orders of any government...