Original Capital Contribution definition

Original Capital Contribution means the amount of $20.00 for each Share, which amount shall be attributed to such Share in the hands of subsequent holders thereof.

Original Capital Contribution means, with respect to each Member, the Capital Contribution made by such Member pursuant to Section 6.2, reduced by the amount of any liabilities of such Member that are (i) assumed by the Company in connection with such Capital Contribution or (ii) secured by any property contributed by such Member to the Company as a part of such Capital Contribution.

Original Capital Contribution means, with respect to each Partner, the Capital Contributions made by such Partner prior to January 1, 1996. In the event all or a portion of an Interest is Transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Original Capital Contribution of the transferor to the extent it relates to the Transferred Interest.

Examples of Original Capital Contribution in a sentence

• No Limited Partner shall be obligated to provide any contributions to the Partnership other than the Original Capital Contribution (as defined in Section 9.02 below) of such Limited Partner.

• Unless otherwise determined by the General Partners in their absolute discretion, the Original Capital Contribution of any Limited Partner other than the Special Limited Partner shall be in an amount that is not less than $1,000,000, and any Additional Capital Contribution of any Limited Partner shall be in an amount which is not less than $250,000.

• The Original Capital Contribution of each Partner consists of the contributions of cash and Property made by such Partner pursuant to the terms of the Prior Partnership Agreement prior to January 1, 1996.

• As of the Effective Date, each Member shall contribute to the capital of the Company the amount of property specified following its name in the table above as its Original Capital Contribution; and shall be credited with the Percentage Interest and Voting Interest set forth therein.

• Simultaneously with the execution of this Agreement, each Partner shall make an Original Capital Contribution in the amount of fifty thousand dollars ($50,000.00) in cash, except that each of MVH and Associates shall be given a credit toward that contribution equivalent to such reasonable expenses as such Partner shall have incurred or assumed (either directly or through any of its shareholders acting on its behalf) in the development of the Facility prior, to the Commencement Date.

More Definitions of Original Capital Contribution

Original Capital Contribution means, with respect to any Member, any Capital Contribution provided by such Member as of the Effective Date.

Original Capital Contribution means, with respect to each Partner, the Capital Contribution made by such Partner pursuant to Section 3.1 or Section 3.2 hereof, as the case may be, reduced by the amount of any liabilities of such Partner assumed by the Partnership in connection with such Capital Contribution or which are secured by any property contributed by such Partner to the Partnership as a part of such Capital Contribution.

Original Capital Contribution means the amount initially contributed by the Ordinary Partners through the subscription for Units pursuant to the provisions of Section 4.1 hereof;

Original Capital Contribution means with respect to Members owning Membership Interests as of the effective date of this Operating Agreement, the amount assigned to such Member as his Original Capital Contribution as identified on the books and records of the Company, and further described therein.

Original Capital Contribution means the Capital Contribution made by or credited to a Member concurrently with such Member’s admission to the Company as a Member.

Original Capital Contribution means, with respect to each Partner, the Capital Contribution made, or deemed made, by such Partner pursuant to Section 3.01 or 3.02, as applicable.

Original Capital Contribution means, with respect to each Partner, the Capital Contribution made by such Partner (or its predecessors in interest) pursuant to Section 3.1 of this Agreement.