Common use of Contributions of Partners Clause in Contracts

Contributions of Partners. The Partners shall contribute to the Partnership the cash or other assets set forth in Exhibit A to this Agreement. In conjunction with such contributions, each Partner shall receive a credit to its Capital Account equal to its Capital Contribution and a Percentage Interest in the Partnership as set forth on Exhibit A. No Partner shall be obligated to make additional Capital Contributions to the Partnership, except upon the unanimous written consent of the Partners.

Appears in 36 contracts

Samples: Limited Partnership Agreement (Environtech Inc.), Environtech Inc., Environtech Inc.

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Contributions of Partners. The Partners shall contribute to the Partnership the cash or other assets set forth in Exhibit A to this Agreement. In conjunction with such contributions, each Partner shall receive (a) a credit to its Capital Account equal to the value of its Capital Contribution Contribution, and (b) a Percentage Interest in the Partnership Partnership, as set forth on Exhibit A. No Partner shall be obligated to make additional Capital Contributions to the Partnership, except upon the unanimous written consent of the Partnersunless such Partner agrees in writing to do so.

Appears in 1 contract

Samples: Agreement (Environtech Inc.)

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