Common use of Initial Interests Clause in Contracts

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. 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 ninety (3090) 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 ninety (3090) 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.