INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS Sample Clauses

INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. The Partners have made or been credited with the Capital Contributions to the Partnership reflected in the Capital Account established for each Partner.
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INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. The initial Capital Contributions to the Partnership by the Partners are as set forth in Exhibit A.
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. Each of the Partners shall contribute cash or other property to the Partnership in the amount set forth as the Initial Capital Contribution of such Partner on Schedule 1 attached hereto and hereby made a part hereof. Such cash and property shall be the Initial Capital Contributions of the Partners to the Partnership.
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. Promptly upon the execution of this Agreement, each of the Partners shall make an initial Capital Contribution equal to the sum shown as “Initial Capital Contribution” opposite its name on Schedule I to this Agreement. The initial Capital Contributions shall be used by the Partnership to (i) acquire the Land in accordance with that certain Purchase and Sale Contract dated March 31, 2011, between Ithaca Investments, Ltd., an Affiliate of the General Partner as Buyer and American General/Allright Parking, as Seller, which Contract has been assigned to the Partnership;(ii)perform certain improvements to the Land to enhance its use as commercial parking lots and for initial working capital of the Partnership, all as provided in the Acquisition Budget; and (iii) pay or reimburse the General Partner for Pursuit Costs as described in the Acquisition Budget. Notwithstanding anything contained herein to the contrary, the Limited Partners acknowledge that the Partnership, the General Partner and the other Limited Partners have entered into this Agreement and made commitments in reliance on the Limited Partners‟ timely payment to the Partnership of all amounts required to be contributed by each such Limited Partner pursuant to this Section 3.1. Accordingly, each Limited Partner agrees that he is personally liable to the Partnership and to each Partner for the timely payment of the amounts required by this Section 3.1.
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. A.(1) Concurrently with the Closing, the General Partner shall contribute to the Partnership cash up to, but not exceeding, a maximum of $4,000,000, as described and in accordance with the terms, provisions, and conditions of the Master Contribution Agreement as necessary for the purposes of paying down and/or restructuring the Cigna Debt.
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. Each of the Partners has previously contributed, or shall, upon the execution of this Agreement, contribute cash or other property to the Partnership in the aggregate amount or value set forth as the Initial Capital Contribution of such Partner on Schedule 1 attached hereto and hereby made a part hereof. Such cash and property shall be the Initial Capital Contributions of the Partners to the Partnership and, upon making such contribution, each Partner shall receive its Partnership Interest and its Units. The Partners agree that the Book Value of the property to be contributed by each Partner in respect of its Initial Capital Contribution shall be equal to the value of such property as reflected on Schedule 1 attached hereto, and such contributing Partner shall receive a credit to its Capital Account equal to the amount of such Book Value. The Partners agree to make their respective Initial Capital Contributions. Notwithstanding anything to the contrary in the Securities Purchase Agreement, each of DLJ (i) be deemed to have made an Initial Capital Contribution equal to the amount shown on Schedule 1 attached hereto, (ii) shall receive a credit to its Capital Account equal to such amount, and (iii) shall not be deemed to have made any other Capital Contribution to the Partnership.
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. The initial Capital Contributions of the Partners were made on September 20, 2002 or shortly thereafter. The initial Capital Contributions of each of the Partners shall be as set forth in the Partnership’s books and records.
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INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. (a) Each Class C Partner shall, on or prior to the Closing Date, make initial cash Capital Contributions, to the Partnership in the aggregate amounts set forth opposite such Class C Partner's name on SCHEDULE 6.1(A) hereto and the Partnership shall, in consideration of such Capital Contribution, issue to each such Class C Partner the number of Class C Preferred Units set forth opposite such Class C Partner's name on SCHEDULE 6.1 hereto. Each Class C Partner shall be deemed to have made a Capital Contribution to the Partnership in an amount equal to the amount of cash so contributed to the Partnership.
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. A. Concurrently with the Closing, the General Partner shall contribute to (or pay on behalf of) the Partnership or the General Partner the cash necessary to pay the transaction costs, closing costs and prorations to be paid by the Partnership or the General Partner, or which are designated as Partnership or General Partner expenses, pursuant to the Contribution Agreement. The amounts so contributed or paid by the General Partner shall constitute Capital Contributions by the General Partner.

Related to INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS

  • Capital Contributions of the Partners The Partners have heretofore made Capital Contributions to the Partnership. Each Partner owns Partnership Units in the amount set forth for such Partner on Exhibit A, as the same may be amended from time to time by the General Partner to the extent necessary to reflect accurately sales, exchanges or other Transfers, redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s ownership of Partnership Units. Except as provided by law or in Section 4.2, 4.3, or 10.4 hereof, the Partners shall have no obligation or, except with the prior Consent of the General Partner, right to make any additional Capital Contributions or loans to the Partnership.

  • 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.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • 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 Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Member Capital Contributions (Check One) ☐ - Single Member LLC: The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. ☐ - Multi-Member LLC: Each Member has contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions: $ $ $ Members shall have no right to withdraw or reduce their contributions to the capital of the Company until the Company has been terminated unless otherwise set forth herein. Members shall have no right to demand and receive any distribution from the Company in any form other than cash and members shall not be entitled to interest on their capital contributions to the Company. The liability of any Member for the losses, debts, liabilities and obligations of the Company shall be limited to the amount of the capital contribution of each Member plus any distributions paid to such Member, such Member’s share of any undistributed assets of the Company; and (only to the extent as might be required by applicable law) any amounts previously distributed to such Member by the Company.

  • 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.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

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