In-Kind Contributions. If in-kind contributions or contributions in the form of property or services are made, the Capital Account of the Member shall be increased by an amount equal to the fair market value of the property or services contributed by such Member.
Appears in 11 contracts
Sources: Operating Agreement, Operating Agreement (Chaparral CO2, L.L.C.), Merger Agreement (Chaparral Energy, Inc.)
In-Kind Contributions. If in-kind contributions or contributions in the form of property or services are made, the Capital Account of the Member Partner shall be increased by an amount equal to the fair market value of the property or services contributed by such MemberPartner.
Appears in 1 contract
Sources: Limited Partnership Agreement (Chaparral CO2, L.L.C.)
In-Kind Contributions. If In the event any in-kind contributions or contributions in the form of property or services are made, the Capital Account of the Member shall be increased by an amount equal to the fair market value of the property or services contributed by such Member, as determined by the Managing Member. The fair market value of services rendered or to be rendered to the Company shall constitute a Capital Contribution only when such value is agreed upon in writing between the Member and the Company and an amount equal to such value is expressly credited to the Capital Account of such Member.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Nexeo Solutions Finance Corp)