Capital Contributions and Issuance of Common Units Sample Clauses

Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall make aggregate capital contributions to the LLC in an amount equal to $150,000 (the “Capital Contributions”), or $0.25 per Unit in exchange for, and the LLC shall issue to Executive, 600,000 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement. Executive shall make the Capital Contributions to the LLC by delivery to the LLC of a cashier’s or certified check, or by wire transfer of immediately available funds to an account designated by the LLC, in an aggregate amount equal to the Capital Contributions.
Sample 1
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Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall make aggregate capital contributions to the LLC in an amount equal to $859,750 (the “Capital Contributions”), or $0.25 per Unit (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued hereunder), in exchange for, and the LLC shall issue to Executive, 3,439,000 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement. Executive shall make the Capital Contributions (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued hereunder) to the LLC by delivery to the LLC of a cashier’s or certified check, or by wire transfer of immediately available funds to an account designated by the LLC, in an aggregate amount equal to the Capital Contributions (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued hereunder).
Sample 1
Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall make aggregate capital contributions to the LLC in an amount equal to $194,667 (the “Capital Contributions”), or $0.25 per Unit, in exchange for, and the LLC shall issue to Executive, 778,668 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement. Executive shall make the Capital Contributions to the LLC by delivery to the LLC of a cashier’s or certified check, or by wire transfer of immediately available funds to an account designated by the LLC, in an aggregate amount equal to the Capital Contributions: provided that a portion of the Capital Contributions allocable to 400,000 Common Units shall be paid by delivery of a full recourse promissory note in a form reasonably satisfactory to the LLC. Executive’s obligations under the Executive Note shall be secured by a pledge or collateral assignment to the LLC of all of Executive’s Common Units, and in connection therewith, Executive shall enter into an agreement in a form reasonably satisfactory to the LLC.
Sample 1

Related to Capital Contributions and Issuance of Common Units

  • CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS Section 5.1 Organizational Contributions 37 Section 5.2 Contributions by the General Partner and its Affiliates 37 Section 5.3 Initial Offering 38 Section 5.4 Interest and Withdrawal 38 Section 5.5 Capital Accounts 38 Section 5.6 Issuances of Additional Partnership Interests and Derivative Instruments 42 Section 5.7 Conversion of Subordinated Units 42 Section 5.8 Limited Preemptive Right 43 Section 5.9 Splits and Combinations 43 Section 5.10 Fully Paid and Non-Assessable Nature of Limited Partner Interests 44 Section 5.11 Issuance of Common Units in Connection with Reset of Incentive Distribution Rights 44 Section 5.12 Establishment of TexNew Mex Units. 46

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Capital Contributions of the Partners The Partners have heretofore made Capital Contributions to the Partnership. Each Partner owns Partnership Units in the amount set forth for such Partner on Exhibit A, as the same may be amended from time to time by the General Partner to the extent necessary to reflect accurately sales, exchanges or other Transfers, redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s ownership of Partnership Units. Except as provided by law or in Section 4.2, 4.3, or 10.4 hereof, the Partners shall have no obligation or, except with the prior Consent of the General Partner, right to make any additional Capital Contributions or loans to the Partnership.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions Distributions 10 SECTION 5.1

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

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