Initial Equity Contributions Clause Samples
The Initial Equity Contributions clause defines the requirement for each party to provide a specified amount of capital to the venture at the outset of the agreement. Typically, this clause outlines the exact amounts or percentages each participant must contribute, the form of the contributions (such as cash, property, or services), and the timeline for making these payments. By clearly establishing the initial financial commitments, this clause ensures that the venture is adequately funded from the beginning and helps prevent disputes over each party’s obligations.
Initial Equity Contributions. Each of the Stockholders has made the Contributions set forth opposite their respective names on Schedule A hereto.
Initial Equity Contributions. The initial equity contribution that both USM and Amyris Brasil shall make to the Company upon its incorporation (the “Initial Equity Contribution”) shall be in the amount of R$ 100.000,00 (one hundred thousand reais), provided that the Company shall also have an authorized capital stock of R$ 61.770.000,00 (sixty-one million, seven hundred and seventy thousand reais), as contemplated by the Bylaws.
4.6.1 Each of USM and Amyris shall subscribe for fifty percent (50%) of the Initial Equity Contribution, in immediately available funds.
4.6.2 Immediately following the incorporation of the Company, the ownership of the Company will be as follows: Shareholder Number of Common Shares Ownership Percentage Amyris 49.998 50% USM 49.998 50%
Initial Equity Contributions. 3.2.1 On or before October 6, 1997, 1,000 series B Shares authorized under the Original By-laws shall have been subscribed for and issued to each of BCI and WorldTel at a price in Mexican Pesos equivalent to US $1.00