Common use of Initial Capital Commitments Clause in Contracts

Initial Capital Commitments. Upon the expiration of the Pre-Development Period, the Partners commit to make an aggregate of $2,000,000 in Capital Contributions (the "Initial Commitments") in accordance with their respective Unit Percentages. Such contributions shall be used to fund the operations of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Leukosite Inc)

Initial Capital Commitments. Upon the expiration of the Pre-Development Period, the Partners commit to make an aggregate of $2,000,000 in Capital Contributions (the "Initial Commitments") " in accordance with their respective Unit Percentages. Such contributions shall be used to fund the operations of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Millennium Pharmaceuticals Inc)