Initial Capital Contributions of Limited Partners Sample Clauses

Initial Capital Contributions of Limited Partners. Upon execution of this Agreement, each Limited Partner shall make an Initial Capital Contribution to the Partnership in cash, in the respective amounts set opposite such Limited Partner’s name on Exhibit “A” attached hereto and such amounts, when so contributed, shall constitute the initial Capital Accounts of such Limited Partners. The Initial Capital Contribution of each Limited Partner shall entitle such Limited Partner to a pro rata amount of Limited Partners’ Interest with other Limited Partners and shall be identical in all respects to the other Limited Partners’ Interests. Certain Affiliates of the General Partner, including The Xxxxx Family Irrevocable Stock Trust and Xxxxx Xxxxx, shall purchase Limited Partners’ Interests and make a $2,800,000 Initial Capital Contribution to the Partnership on the same terms and conditions as all of other Limited Partners.
Sample 1
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Initial Capital Contributions of Limited Partners. The Limited Partners shall make Initial Capital Contributions as follows: Class A Limited Partners will be required to contribute at least $50,000 for each Class A Limited Partnership Interest and Class B Limited Partners will be required to contribute at least $5,000 for each Class B Limited Partnership Interest (each a "Commitment" or collectively the "Commitments"). Contributions by the Limited Partners will be solicited pursuant to a private placement memorandum with related subscription documents (the "Subscription Agreement") prepared by the General Partner. Upon executing the Subscription Agreement, each Limited Partner shall be required to pay 100% of its Limited Partner Commitment as an Initial Capital Contribution or if the Limited Partner is owed money by the Partnership, the Limited Partner may elect to convert the debt owed to him, her or it in increments of $50,000 into Class A Partnership Interests instead of paying cash Upon executing the Subscription Agreement, the subscribing Limited Partner will also be required to sign this Agreement (or a counterpart signature page hereto) and pay the required funds to the Partnership in immediately available funds by certified check or wire transfer to an interest-bearing escrow account at Colorado Business Bank designated by the Partnership. If the Limited Partner is converting debt in exchange for his, her or its Class A Partnership Interests, the Limited Partner shall acknowledge in writing that he, she or it is converting the debt into Class A Partnership Interests. Partnership Interests that are issued as a result of debt conversion shall be 4 included in the calculation of the Minimum for purposes of determining if the Minimum investment has been reached and the funds in escrow can be released to the Partnership. If sufficient funds or notices of debt conversions are not obtained by the Commitment Date with which to purchase the Pipeline and complete construction thereof, all funds (plus applicable interest) shall be returned to the Limited Partners and the notices of debt conversion shall be returned to the Limited Partners who issued them. Each Limited Partner shall receive a credit to his, her, or its Capital Account equal to the amount of cash contributed.
Sample 1

Related to Initial Capital Contributions of Limited Partners

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Initial Capital Contribution On March 7, 2007, the Member made a capital contribution of One Hundred Dollars ($100.00) to the Company, and, as consideration therefor, the Member received a percentage interest of One Hundred Percent (100%) in the Company.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Contributions by Initial Limited Partners (a) On the Closing Date and pursuant to the Underwriting Agreement, each Underwriter shall contribute cash to the Partnership in exchange for the issuance by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement.

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

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