The Capital Contribution Clause Samples
The Capital Contribution. Prior to the date hereof, the LLC has been formed under Nevada law and Dynamic and ACS2 are its sole members. At the Effective Time of the Contribution (as defined in Section 1.4 hereof) and subject to and upon the terms and conditions of this Agreement, Dynamic will contribute to the LLC as a capital contribution all issued and outstanding common stock of the "Dynamic Subsidiaries" (as such term is defined in Section 5.1), and ACS2 will contribute to the LLC as a capital contribution all outstanding common stock of Advanced (the "Advanced Stock"), (collectively, the "Contribution").
The Capital Contribution. Evidence that SLC Mexico has made a cash contribution in dollars to the common equity of each Hotel Company in the following amounts:
(i) Prodepa: U.S.$2,380,500;
(ii) Nizuc: U.S. $3,979,000; and
(iii) DTI Los Cabos: U.S. $5,140,500, and that SLC Mexico has applied U.S.$2,500,000 of the total Capital Contribution to purchase 50% of the capital stock of CHM.
The Capital Contribution. The Funder agrees to pay the Capital Contribution to the Recipient upon the terms of Schedule 2. The Funder and the Recipient agree to comply with the provisions of Schedule 2
The Capital Contribution. Pursuant to the Cooperation Agreement, Jiangxi Redco, Jiangxi Man Wo and Guozi Zhiye agreed to make capital contributions to the Target Company in the amount of RMB20.0 million, RMB20.8 million and RMB29.2 million, respectively. After completion of the Capital Contribution, the registered capital of the Target Company will be increased from RMB10.0 million to RMB80.0 million and the Target Company will be owned as to 25%, 26% and 49% by Jiangxi Redco, Jiangxi Man Wo and Guozi Zhiye respectively. As the Target Company will be held as to 51% by the Company indirectly, the Target Company will become an indirect non-wholly owned subsidiary of the Company and the financial results of the Target Company will be consolidated to the accounts of the Group. The Capital Contribution shall be completed within 30 calendar days following the date of the Cooperation Agreement. The capital contributions by Jiangxi Redco and Jiangxi Man Wo will be financed by the internal fund of the Company. On 5 March 2014, the Target Company had successfully bid for the land use rights to of the land which is located at Lianhua Road in Nanchang, the PRC. The Land is planned for residential and commercial use. After the completion of the Capital Contribution, Jiangxi Redco, Jiangxi Man Wo and Guozi Zhiye shall finance the Land Consideration including land premium, relevant fees and taxes in respect of the Land in proportion to their respective shareholding in the Target Company as provided under the Cooperation Agreement in due course; and the amount for the Land Consideration to be payable by Jiangxi Redco and Jiangxi Man Wo shall be RMB287.7 million. Each of Jiangxi Redco, Jiangxi Man Wo and Guozi Zhiye shall share the profits attributable to it in proportion to its shareholding in the Target Company. Pursuant to the Cooperation Agreement, Jiangxi Man Wo shall be in charge of the daily operations of the Target Company and shall conduct the development of the Land in the name of “Redco”.
The Capital Contribution. In connection with the Investment, the Investor has entered into that certain Capital Call Agreement, dated as of November 20, 2008 (the "Capital Call Agreement"), by and among the Investor, the Company and General Electric Capital Corporation ("GECC"), pursuant to which the Investor has committed to provide the Company periodic capital contributions from and after the consummation of the Investment, in an aggregate amount not to exceed $15,000,000.
The Capital Contribution. Immediately after the Effective Time, SFG will contribute to the capital of FWB, as its wholly owned direct subsidiary, all of the outstanding capital stock of CBC (the "Capital Contribution"). CBC will then be a wholly owned subsidiary of FWB.
The Capital Contribution. Immediately after the completion and effectiveness of the Merger, each Participating Member (as defined in Section 1.1) shall contribute such Member’s proportional undivided interest in the Distributed Assets to NXLLC (the “Capital Contribution”).