Common use of Initial Capitalization Clause in Contracts

Initial Capitalization. Contemporaneously with the execution and delivery of the Original Agreement, each Member made, or caused its Affiliate to make on its behalf, a Capital Contribution in cash in the following respective amounts: Calpine $1,000 Acadia Holdings $1,000 These amounts have been added to the Capital Account of each respective Member.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Cleco Corp), Limited Liability Company Agreement (Cleco Corp)