Common use of Prior Capital Contributions Clause in Contracts

Prior Capital Contributions. Upon formation of the Company, LParent on behalf of Lyondell GP and CParent on behalf of CITGO LP, contributed certain Assets to and the Company assumed certain liabilities and obligations, as provided for in the Regulations and the Contribution Agreement. From time to time prior to the Conversion Date, Lyondell GP and CITGO LP, as the two members of the Company, made Capital Contributions and loans to the Company as provided for in the Regulations. Capital Contributions and proceeds of loans made prior to the Conversion Date that were of a specific character or designated for a specific purpose shall retain such character or designation and be subject to the restrictions applicable thereto set forth in the Regulations.