Initial Interests Sample Clauses
The "Initial Interests" clause defines the specific rights, shares, or stakes that each party holds at the outset of an agreement or business relationship. It typically outlines the percentage of ownership, voting rights, or financial interests assigned to each participant when the contract is executed. By clearly establishing these initial allocations, the clause helps prevent future disputes over ownership and ensures all parties understand their starting position in the arrangement.
Initial Interests. The Optionee's initial participating interest in the Shares of Newco under the Joint Venture Agreement will be that percentage which is equal to the Initial Interest earned by the Optionee hereunder. The Optionor's initial participating interest in the Shares of Newco under the Joint Venture Agreement will be that percentage which is equal to 100% minus the Initial Interest earned by the Optionee hereunder.
Initial Interests. (i) The Partnership is hereby authorized to issue on the date hereof to the General Partner, each TowerBrook Limited Partner, each Rollover Partner and any other Person designated by the General Partner, a number of Series A Preferred Interests that is determined by dividing (A) the Capital Contribution made to the Partnership by such Partner on or prior to the Effective Date, by (B) the Series A Preferred Original Price Per Interest.
(ii) The Partnership is hereby authorized to issue on the date hereof to each Person listed on the attached Schedule C pursuant to the Incentive Equity Plan the number of Class A Common Interests set forth opposite the name of such Person and to set the Profits Interest Threshold for such Class A Common Interests. Each holder’s Class A Common Interests shall be subject to the terms of this Agreement, the Incentive Equity Plan and the applicable Equity Grant Agreement. Schedule C will be kept strictly confidential by the Partnership and, except as otherwise determined by the General Partner, no Partner, other than a TowerBrook Limited Partner, shall have any right to receive or review a copy of Schedule C (except for information thereon that relates solely to such Partner) or obtain other information about the identities of the other Partners or the size or nature of their interests in the Partnership.
Initial Interests. As of the Effective Date, each Class A Member is deemed to have made a Capital Contribution to the Company of the portion of the fair market value of such Class A Member’s Allowed Claims as of the Effective Date represented by its Class A Units, as set forth on Schedule A-2, to be prepared on, or as soon as practicable after, the Effective Date, but in no event later than thirty (30) days following the Effective Date. Following the Effective Date, each Class B Member, upon becoming a Class B Member, will be deemed to have made a Capital Contribution to the Company of that portion of the fair market value of such Class B Member’s Allowed Claims represented by its Class B Units, to be set forth on Schedule A-2, to be prepared as soon as practicable following the date on which such Class B Member became a Class B Member, but in no event later than thirty (30) days following such date. Except as otherwise specified in a Unit Grant Agreement or Option, Capital Contributions payable for any Class C Units will consist of the purchase price (if any) payable for the Class C Units issued pursuant to any Unit Grant Agreement and the exercise price of any Option for such Class C Units, as applicable.
Initial Interests. Upon execution of a definitive joint venture agreement (“JVA”) each of NEWMONT and RIMFIRE shall own and be fully vested in a 50% interest in the Property. The deemed initial contribution of each party shall be CDN$3M.
Initial Interests. The initial Interest of DHI US is 90%. The initial Interest of Solitario is 10%. (b)
Initial Interests. Upon the request of Buyer, certificates representing the Initial Interests, which shall be either duly endorsed or accompanied by powers duly executed in favor of Buyer.
Initial Interests. The Initial Capital Contribution and the initial Membership Interest of each Member is as follows: ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Company $ 1 1 0 3129538 Nova Scotia Company 150,000,000 0 150,000,000 3129539 Nova Scotia Company 150,000,000 0 150,000,000 3129540 Nova Scotia Company 150,000,000 0 150,000,000 3129541 Nova Scotia Company 150,000,000 0 150,000,000 Totals $ 600,000,001 1 600,000,000 * Any or all of Preferred Units are convertible into Common Units in the sole discretion of the holder of the Preferred Units
Initial Interests. As of the Effective Date, TMRC sold to USARE one-third of the 30.000% Interest it was entitled to receive pursuant to the Option Agreement (as defined in the Contribution Agreement) which resulted in USARE owning an 80.000% Interest in the Company and TMRC owning a 20.000% Interest in the Company.
Initial Interests. The Initial Capital Contribution and the initial Membership Interest of each Member is as follows: Hooters Gaming LLC $2,500,000 (inclusive of the Hooters JV Deposit and the Hooters Canyon Deposit, each as described in Section 5.1(a) below). Hooters License Agreement 50.10 % Lags $2,500,000 (inclusive of the Hooters JV Deposit and the Hooters Canyon Deposit, each as described in Section 5.1(a) below). Hooters Restaurant Consent Lags’ Concept Restaurants Assignment 49.90 %
Initial Interests. The initial Interest of Usuran is fifty percent (50%). The initial Interest of SLE is fifty percent (50%).