Common use of Initial Capital Clause in Contracts

Initial Capital. Each Founder agrees to contribute $[Insert Amount] as non-refundable initial capital to account for expected and potential company expenses. Additional capital contributions may be made to support the Company's ongoing operating costs. These additional capital contributions are to be made only through the mutual written consent of all the Founders.

Initial Capital. Each Founder agrees to contribute $[Insert Amount] 0.00 as non-refundable initial capital to account for expected and potential company expenses. Additional capital contributions may be made to support the Company's __________________‘s ongoing operating costs. These The additional capital contributions are to be made only through the mutual written consent of all the Founders.