Initial Cash Capital Contributions. The capital account balances of the Partners as of the Effective Date are set forth on Exhibit C attached hereto and incorporated herein by reference.
Initial Cash Capital Contributions. Each Member has made a Capital Contribution in cash to the Company in the amount set forth opposite such Member’s name on the Schedule of Members and has received or shall receive Units with respect to each such Member’s Capital Contribution, as set forth on the Schedule of Members (as such Schedule may be amended by the Board to reflect any additional issuances of Units after the Effective Date).
Initial Cash Capital Contributions. Each Member has made or contemporaneously with the execution hereof shall make a Capital Contribution in cash to the Company in the amount set forth opposite such Member’s name on the Schedule of Members or, as to an Initial Service Provider, in the amount set forth in such Initial Service Provider’s Unit notice, and shall receive Units with respect to each such Member’s Capital Contribution, as set forth on the Schedule of Members (as such Schedule may be amended by the Board of Managers to reflect any additional issuances of Units after the Effective Date) or, as to an Initial Service Provider, as set forth in such Initial Service Provider’s Unit notice. The Company and the Members acknowledge that the Company shall repay a portion of the Amended and Restated Promissory Note, dated June 30, 2013, in the original principal amount of $500,000, payable to the order of Xxxxx Xxxxx, by converting the unpaid balance as of the date hereof of the principal and accrued interest into a Capital Contribution of Xxxxx Xxxxx in an amount equal to Xxxxx Xxxxx’ initial Capital Contribution (i.e., $79,442).
Initial Cash Capital Contributions. Each Member has made a Capital Contribution in cash to the Company in the amount set forth opposite such Member’s name on the Schedule of Members or, as to an Initial Service Provider, in the amount set forth in such Initial Service Provider’s Unit notice, and has received or shall receive Units with respect to each such Member’s Capital Contribution, as set forth on the Schedule of Members (as such Schedule may be amended by the Board to reflect any additional issuances of Units after the Effective Date) or, as to an Initial Service Provider, as set forth in such Initial Service Provider’s Unit notice.
Initial Cash Capital Contributions. The capital account balances of the Partners as of the Effective Date are as set forth on the books of the Partnership.
