Contribution of Capital. (a) Subject to the fulfillment of the conditions specified in Section 4.3(b), each of DAP and WTW shall contribute additional capital to the Company in the form of cash or extend loans to the Company in accordance with the loan agreements to be entered into by each Party and the Company, where each loan to be extended by a Party shall bear the same proportion to such Party’s contribution to share capital and each loan agreement between a Party and the Company shall have the same terms and conditions mutually agreed to by the Parties, in the amounts specified in the initial Five-Year Business Plan (the “Initial Contribution”). Notwithstanding the foregoing, the first fifteen percent (15%) of the Initial Contributions shall be paid by each of DAP and WTW within ten (10) days of its receipt of a written request from the Company.
Contribution of Capital. No Shareholder shall be under any obligation to acquire additional Shares or other interest of any nature whatsoever, make capital contributions to or make loans to or guarantee the indebtedness of the Company or any of its Subsidiaries or any other Person.
Contribution of Capital. Party A contributes the capital by the value of the entire exiting premises (the drawing attached). Party B contributes capital by the total value of purchasing equipment, tools serving the BCC, the value of the finalization of repair, renovation and completion of material facilities of the BCC and working capital. In the event party B contributes capital in the form of leasing machines: + If the lease of machines by the business cooperation shows that it is effective, the business cooperation unit shall pay the monthly rent to the machine-leasing party through party B for 5 (five) years of business. After this period, party B has to undertake not to account the rent of leasing machines and these machines shall be continuously used by the business cooperation unit until both parties agree to buy or lease new machines. + If the lease of machines by the business cooperation shows that it is not effective, party B undertakes to replace new machines to fit the practical situation of business. Both parties agree to negotiate again the price of leasing machines, time for payment of rent according to the kind of leased machines at that time. The total of investment capital must be confirmed by both parties in writing.
Contribution of Capital. (a) At the Closing, PGP shall cause, and PGP-TG shall contribute, the PGP-TG Capital Contribution to the California General Partnership.
Contribution of Capital. The Limited Partners may approve a request for the contribution of additional capital.
Contribution of Capital. All Capital Calls that are consistent with the foregoing provisions of Section 3.4(A) and (C) shall be paid in US Dollars within ten (10) Business Days following receipt of the Draw Report therefor. Any and all amounts that are called and that are not immediately applied for the purpose called shall be (i) returned to the funding Members, or (ii) invested by the Manager in the name of the Company in Short Term Investments until such time as they are applied for the purpose called. During the Commitment Period, any amounts returned to the funding Members pursuant to this Section 3.4(D) or clause (i) of Section 3.4(E) together with all distributions of capital to the Members pursuant to Section 5.2 and Section 5.3: (1) shall reduce each such Member’s Capital Account by the amount returned to each such Member, (2) shall restore the Member Commitment of each such Member by the amount returned to each such Member, and (3) may be recalled by Manager (and, in the event of the failure of the Manager to do so, by a Member) in accordance with this Agreement.
Contribution of Capital. Alchut is contributing the Specified Assets ----------------------- to Engineering as a contribution to capital. The parties agree that the value of such Specified Assets is $480,000.
Contribution of Capital a. Upon the execution of this Second Amendment, Xxxx, First Inning, Trout and Xxxxxx shall contribute the amounts set forth below to the Partnership (the "New Contributions to Capital"): Xxxx: $2,560,000.00 First Inning: $1,300,000.00 Xxxxxxxx: $ 500,000.00 Weston Entity: $ 750,000.00 Trout: $ 500,000.00 Xxxxxx: $ 200,000.00 Total Contribution: $5,810,000.00 The $500,000.00 contributed by Trout consists of conversion of existing debt of the Partnership in that amount (including principal and interest) (the "Existing Debt"). All other contributions are made in cash, except for the Weston Entity contribution which is being made in the form of a short-term promissory note. The Existing Debt constitutes advances made by Exeter Financial, LC to the Partnership. By separate agreement, Trout has acquired from Exeter Financial, LC the right to be repaid the Existing Debt. Contemporaneously with the execution of this Second Amendment, Trout and Exeter Financial, LC have delivered a certificate evidencing that no sums are owed to either of them by the Partnership for advances made by either of Trout or Exeter SECOND AMENDMENT TO AGREEMENT OF LIMITED PARTNERSHIP OF RACKSPACE, LTD. 2 Financial, LC. The $500,000.00 contribution by Trout satisfies and discharges the obligation of Exeter to advance $500,000.00 to advance such sum to the Partnership pursuant to the Second Financial Commitment dated September 29, 1999.
Contribution of Capital a. Upon the execution of this Third Amendment, 2M shall contribute $250,000.00 to the Partnership (the "New Contribution to Capital") and effective January 21st, 2000 shall be deemed to have received 119,047.62 Units as a Class C Limited Partner.
Contribution of Capital. Subject to the terms and conditions hereof, on the date hereof Invisa shall transfer certain of its assets, subject to certain liabilities, as set forth on Exhibit A to this Agreement (the “Contributed Assets”) to the Company.
