Permanent Contribution Sample Clauses
The Permanent Contribution clause establishes that any contributions made under the agreement are irrevocable and will remain with the recipient or project indefinitely. In practice, this means that once a party provides resources, intellectual property, or other assets as defined by the agreement, they cannot later retract or reclaim those contributions. This clause is commonly used in collaborative projects, open-source initiatives, or joint ventures to ensure that all parties can rely on the continued availability and use of contributed materials. Its core function is to provide certainty and stability by preventing contributors from withdrawing their input, thereby supporting long-term planning and use.
Permanent Contribution. Subject to Section 4.6(a), if the Additional Contributing Partners elect under Section 4.6(a) to have the Additional Contribution treated as a permanent capital contribution, then each Additional Contributing Partner that funds a portion of the Additional Contribution shall have its Capital Account increased accordingly and the Partners’ Partnership Interests and Percentage Interests will be automatically adjusted to equal each Partner’s total Capital Contributions when expressed as a percentage of all Partners’ Capital Contributions.
Permanent Contribution. If the Additional Contribution/Loan Members elect under Section 4.06(a)(ii) to have the Additional Contribution/Loan treated as a permanent Capital Contribution, then the Sharing Ratios of each Member will be automatically adjusted to equal each Member’s total Capital Contributions when expressed as a percentage of all Members’ Capital Contributions (after giving effect to the Capital Contribution made by the Additional Contribution/Loan Members).
Permanent Contribution. If the Additional Contribution/Loan Members elect under Section 4.06(a)(ii) to have the Additional Contribution/Loan with respect to a Series treated as a permanent Capital Contribution, then the Sharing Ratios in respect of the Additional Contribution/Loan Members and the Non-Contributing/Loan Member will be automatically adjusted to equal each Member’s total Capital Contributions in respect of the Applicable Adjustment Series when expressed as a percentage of all such Members’ Capital Contributions (after giving effect to the Capital Contribution made by the Additional Contribution/Loan Members) in respect of such Series.
Permanent Contribution. If any Additional Contribution Member elects pursuant to Section 6.05(a)(ii)(B) to have any Additional Contribution to a Series treated as a permanent Series Capital Contribution, the Series Percentages of the Series Members shall be adjusted to correspond to the relative balances in their Series Capital Accounts, after taking into account such permanent Series Capital Contribution and any adjustments to such Series Capital Accounts through the date of such election (including any adjustments resulting from the events described in item (b) of the definition of Book Value) and after increasing such Series Capital Account balances to take into account any amounts that the Series Members are treated as obligated to restore under Section 1.704-2(g)(1) or 1.704-2(i)(5) of the Treasury Regulations.
Permanent Contribution. Subject to Section 4.06(a), if the Additional Contribution Members elect under Section 4.06(a)(ii) to treat the Additional Contribution as a permanent capital contribution, then each Additional Contribution Member that funds a portion of the Additional Contribution shall have its Capital Account increased accordingly and the Members’ Membership Interests and Sharing Ratios will be automatically adjusted to equal each Member’s adjusted Capital Account (reduced by the portion of any Capital Account attributable to any Priority Interest) when expressed as a percentage of the sum of all Members’ adjusted Capital Accounts (reduced by the portion of any Capital Account attributable to any Priority Interest).
Permanent Contribution. If any Additional Contribution Member elects pursuant to Section 6.05(a)(ii)(B) to have any Additional Contribution to a Series treated as a permanent Series Capital Contribution, the Series Percentages of the Series Members shall be adjusted to correspond to the relative balances in their Series Capital Accounts, after taking into account such permanent Series Capital Contribution and any adjustments to such Series Capital Accounts through the date of such election (including any adjustments resulting from the events described in item (b) of the definition of Book Value) and after increasing such Series Capital Account balances to take into account any amounts that the Series Members are treated as obligated to restore under Section 1.704-2(g)(1) or 1.704-2(i)(5) of the Treasury Regulations.