Initial Capital Account Balances. The capital accounts of the partners as of December 30, 1999, are as follows:
Initial Capital Account Balances. The Parties agree that, based upon the agreed upon values of contributions made to date by the GF Companies and AG Companies to the Joint Venture pursuant to the JV Formation Transactions, the initial Capital Accounts and the respective shareholdings of the GF Companies and the AG Companies are as follows on the date hereof: Participating Group Initial Common Share Capital Account Balances Initial Redeemable Share Capital Account Balance Initial Share- holder Loan Account Balances Initial Aggregate Capital Account Balance1 % (No.) XxxXx Common Shares % (No.) XxxXx Redeemable Share % (No.) MineCo Common Shares2 % (No.) ExploreCo Common Shares GF Companies * * * * * * * * AG Companies * * * * * * * * * [REDACTED: Commercially Sensitive Information] 1 Prior to giving effect to the deemed adjustments to the Aggregate Capital Account balances pursuant to section 3.9(1) . 2 MineCo Common Share percentages exclude current MineCo interests of the Government of Ghana. 3 Table excludes the capitalization of $[REDACTED: Commercially Sensitive Information]of AGI’s Shareholder Loans which do not form part of the Joint Venture Capital Accounts.
Initial Capital Account Balances. (i) Subject to the requirements of the Code and the Treasury Regulations promulgated thereunder, the initial Capital Account balance with respect to each Legacy Unit shall have been determined by apportioning the Capital Account balance for the BGC Holdings Unit for which such Legacy Unit was issued in the Separation between such BGC Holding Unit, on the one hand, and such Legacy Unit, on the other hand, based on the Relative Value of BGC and Newmark, such that the sum of the Capital Account balances for such BGC Holdings Unit and Legacy Unit immediately following the Separation shall equal the Capital Account balance for such BGC Holding Unit immediately prior to the Separation.
Initial Capital Account Balances. After the Capital Contributions described in Section 3.1(a), (b) and (c), the distribution by KCPLP to OTR of a fifty percent (50%) membership interest in the Company in redemption of OTR’s limited partnership interest in KCPLP, the purchase by Xxxxx of such fifty percent (50%) membership interest held by OTR for Seventy-One Million One Hundred Fifty-Four Thousand Eight Hundred Eighty-Two Dollars ($71,154,882) and the distribution to KCPLP of cash in the amount of One Million Seven Hundred Thirty Thousand Five Hundred Fifty-Six and 89/100 Dollars ($1,730,556.89), the initial Capital Account balances of the Members are as follows: Xxxxx: $ 72,885,438.89 KCPLP: $ 72,885,438.89 3.3 Additional Capital Contributions. Neither Member shall be required to make any further Capital Contributions hereunder.
Initial Capital Account Balances. The Members agree that the Capital Account balance of each of WRI Sub and Investor as of the date hereof shall equal the amounts referenced in Section 4.2.
