Common use of TMRC Initial Contribution Clause in Contracts

TMRC Initial Contribution. As its initial Capital Contribution, TMRC has contributed to the Company as of the Effective Date the Assets to be contributed by TMRC under the Contribution Agreement. As a result of the sale set forth in Section 3.1(a), the Members agree that the fair market value of the initial Capital Contributions of TMRC is $2,857,143.

TMRC Initial Contribution. As its initial Capital Contribution, TMRC has contributed to the Company as of the Effective Date the Assets to be contributed by TMRC under the Contribution Agreement. As a result of the sale set forth in Section 3.1(a), the The Members hereby agree that the fair market value of the initial Capital Contributions of TMRC is was $2,857,143.