Initial and Additional Capital Contributions. In connection with the formation of the Partnership, the General Partner contributed $1,000 to the Partnership and on the Closing Date, the Class A Limited Partner contributed to the Partnership the Assigned EPD Units. No Class B Limited Partner is obligated to make a contribution to the Partnership. Subject to the provisions of applicable law or except as otherwise provided for herein, no Partner shall be liable for or obligated to make an additional Capital Contribution to the Partnership, whether for the purpose of enabling the Partnership to meet its obligations under Section 6.03 or for any other purpose. The initial Capital Account of the General Partner is $1,000, the initial Capital Account of the Class A Limited Partner as of the Closing Date is equal to the Class A Capital Base on the Closing Date, and the initial Capital Account of each Class B Limited Partner is zero.
Initial and Additional Capital Contributions. In connection with the formation of the Partnership, the General Partner contributed $1,000 to the Partnership and on the Closing Date and the Class A Limited Partner has agreed to contribute to the Partnership $18,000,000. No Class B Limited Partners is obligated to make a contribution to the Partnership. Subject to the provisions of applicable law or except as otherwise provided for herein, no Partner shall be liable for or obligated to make an additional Capital Contribution to the Partnership, whether for the purpose of enabling the Partnership to meet its obligations under Section 6.03 or for any other purpose. The Class A Limited Partner, in its sole discretion and without the consent of any of the Class B Limited Partners or the General Partner, may make additional Capital Contributions in excess of $18,000,000, provided that any such voluntary additional Capital Contributions will not have the effect of changing the Sharing Points of any Class B Limited Partner. The initial Capital Account of the General Partner is $1,000, the initial Capital Account of the Class A Limited Partner as of the Closing Date is the amount of cash actually contributed by the Class A Limited Partner as of the Closing Date, and the initial Capital Account of each Class B Limited Partner is zero.
Initial and Additional Capital Contributions. In connection with the formation of the Partnership, the General Partner contributed $1,000 to the Partnership on the Closing Date and the Class A Limited Partner has agreed to contribute to the Partnership 779,102 EPD Units (with a value of approximately $17,000,000, based on the closing price of the EPD Units on the New York Stock Exchange on the day prior to the Closing Date) (the “Initial Contribution”). No Class B Limited Partner is obligated to make a contribution to the Partnership. Subject to the provisions of applicable law or except as otherwise provided for herein, no Partner shall be liable for or obligated to make an additional Capital Contribution to the Partnership, whether for the purpose of enabling the Partnership to meet its obligations under Section 6.03 or for any other purpose. The Class A Limited Partner, in its sole discretion and without the consent of any of the Class B Limited Partners or the General Partner, may make additional Capital Contributions in excess of the Initial Contribution, provided that any such voluntary additional Capital Contributions will not have the effect of changing the Sharing Points of any Class B Limited Partner. The initial Capital Account of the General Partner is $1,000, the initial Capital Account of the Class A Limited Partner as of the Closing Date is the fair market value of the Initial Contribution, based upon the closing price of the EPD Units on the New York Stock Exchange on the Closing Date, and the initial Capital Account of each Class B Limited Partner is zero.
Initial and Additional Capital Contributions. In connection with the formation of the Partnership, the General Partner contributed $1,700 to the Partnership and on the Closing Date, the Class A Limited Partner contributed to the Partnership $169,999,985 worth of EPE Units (equal to 4,421,326 EPE Units based on the $38.45 last reported sales price of the EPE Units on the New York Stock Exchange on May 4, 2007). No Class B Limited Partners is obligated to make a contribution to the Partnership. Subject to the provisions of applicable law or except as otherwise provided for herein, no Partner shall be liable for or obligated to make an additional Capital Contribution to the Partnership, whether for the purpose of enabling the Partnership to meet its obligations under Section 6.03 or for any other purpose. The initial Capital Account of the General Partner is $1,700, the initial Capital Account of the Class A Limited Partner as of the Closing Date is 169,999,985, and the initial Capital Account of each Class B Limited Partner is zero.
Initial and Additional Capital Contributions. The General Partner has contributed $510 to the Partnership. The Class A Limited Partner hereby agrees to contribute $51,000,000 to the Partnership on the Closing Date. On the date hereof, the Partnership has executed a Unit Purchase Agreement among the Partnership, EPE and EPE’s general partner, pursuant to which the Partnership has agreed to purchase $51,000,000 worth of EPE Units directly from EPE on the Closing Date at the initial public offering price of $28.00 per EPE Unit (an aggregate of 1,821,428 EPE Units). The Partnership will use the $51,000,000 to be contributed by the Class A Limited Partner to purchase such EPE Units on the Closing Date. Subject to the provisions of applicable law or except as otherwise provided for herein, no Partner shall be liable for or obligated to make an additional Capital Contribution to the Partnership, whether for the purpose of enabling the Partnership to meet its obligations under Section 6.03 or for any other purpose. The initial Capital Account of the General Partner is $510 and the Capital Account of the Class A Limited Partner as of the Closing Date is $51,000,000. The initial Capital Account of each Class B Limited Partner is zero.
Initial and Additional Capital Contributions. The Member contributed certain intangible assets to the Company as its initial capital contribution at the time of becoming a member. Additional capital contributions may be made from time to time as the Member shall determine and shall be recorded on the books and records of the Company. The Member is not required to make any additional capital contributions.
Initial and Additional Capital Contributions. The General Partner has contributed $510 to the Partnership, and the Class A Limited Partner has contributed $51,000,000 to the Partnership. The Partnership will use the $51,000,000 contributed by the Class A Limited Partner to purchase EPE Units on the Closing Date. Subject to the provisions of applicable law or except as otherwise provided for herein, no Partner shall be liable for or obligated to make an additional Capital Contribution to the Partnership, whether for the purpose of enabling the Partnership to meet its obligations under Section 6.03 or for any other purpose. The initial Capital Account of the General Partner is $510 and the initial Capital Account of the Class A Limited Partner is $51,000,000. The initial Capital Account of each Limited Partner is zero.
Initial and Additional Capital Contributions. The General Partner has contributed [$51,000,000] to the Partnership. The Partnership will use all of such funds to purchase EPE Units on the Closing Date. Subject to the provisions of applicable law or except as otherwise provided for herein, no Partner shall be liable for or obligated to make an additional Capital Contribution to the Partnership, whether for the purpose of enabling the Partnership to meet its obligations under Section 6.03 or for any other purpose. The initial Capital Account of the General Partner is [$51,000,000]. The initial Capital Account of each Limited Partner is zero.
Initial and Additional Capital Contributions. Following the formation of the Company, the initial Shareholder and, upon the issuance of an interest in the Company to any other Shareholder, such other Shareholder shall make a capital contribution to the Company consisting of cash or property (or both). Amounts contributed by a Shareholder (hereinafter referred to as “Capital Contributions”) shall be credited to such Shareholder’s Capital Account (as defined in Section 3.02 hereof).
Initial and Additional Capital Contributions. The Sole Member shall contribute to the capital of the Company the money and property specified in Exhibit B to this Agreement. The Sole Member may from time to time and at any time contribute cash or property to the Company as the Sole Member may determine.
