Common use of Initial Contributions Clause in Contracts

Initial Contributions. The Members initially shall contribute capital as described in Exhibit 1 as a condition of the issuance of the respective Units indicated in Exhibit 1. The contribution percentages and totals in the schedule shall be adjusted as they change to reflect the admission of new Members or any other event.

Appears in 46 contracts

Sources: Multi Member LLC Operating Agreement, LLC Operating Agreement, Multi Member LLC Operating Agreement

Initial Contributions. The Members initially shall contribute capital as described in Exhibit 1 as a condition 2 of the issuance of the respective Units indicated in Exhibit 1this Agreement. The contribution percentages and totals in the schedule shall be adjusted as they change to reflect the admission of new Members or any other event.

Appears in 4 contracts

Sources: LLC Operating Agreement, LLC Operating Agreement, LLC Operating Agreement