Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to the amount that the Member subscribes for in its Subscription Agreement that is accepted by the Manager in exchange for an Interest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to its accepted “Subscription Amount” (as defined in the amount that Member’s subscription agreement, the Member subscribes for in its “Subscription Agreement that is accepted by the Manager Agreement”) in exchange for an Interest.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to its accepted Commitment (as defined in the amount that the Member subscribes for in its Member's Subscription Agreement that is accepted by the Manager Agreement) in exchange for an Interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to the amount that the Member subscribes for in its Subscription Agreement that is accepted by the Manager “Commitment” in exchange for an Interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Freeport Holdings Series LLC)
Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to its accepted “Subscription Amount” (as defined in the amount that Member’s subscription agreement, the Member subscribes for in its “Subscription Agreement that is accepted by the Manager Agreement”) in exchange for an Interest.Interest.
Appears in 1 contract
