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.
Appears in 2 contracts
Sources: Organizer Contribution and Joint Venture Agreement (Touchstone Bancshares, Inc.), Employment Agreement (Touchstone Bancshares, Inc.)