INTERESTS IN THE FUND AND CAPITAL CONTRIBUTIONS Sample Clauses

INTERESTS IN THE FUND AND CAPITAL CONTRIBUTIONS. 17 SECTION 4.1 Shares of Interest.....................................................................17 SECTION 4.2 Issuance of Shares.....................................................................17 SECTION 4.3 Capital Contributions by the Manager...................................................17 SECTION 4.4 Capital Contributions by Initial Shareholders..........................................18 SECTION 4.5 Capital Contributions of Additional Shareholders.......................................18 SECTION 4.6 Withdrawal of Capital..................................................................18 SECTION 4.7 Nontransferability of Shares...........................................................18 SECTION 4.8
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INTERESTS IN THE FUND AND CAPITAL CONTRIBUTIONS. 4.1 (a) SHARES OF INTEREST. The limited liability company interests in the Fund shall at all times be divided into Shares, without par value, which may be issued (without any prior authorization of the Shareholders) from time to time in such amounts and for such consideration as the Fund may deem appropriate. The number of Shares authorized to be issued shall be unlimited, and the Shares so authorized may be represented in part by fractional Shares. From time to time the Fund may divide or combine the Shares into a greater or lesser number without thereby changing the proportionate interests in the Fund. Except as otherwise provided in this Agreement, each Undivided Share shall represent an equal proportionate interest in the Fund with each other Undivided Share and each Paired Share Unit.
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INTERESTS IN THE FUND AND CAPITAL CONTRIBUTIONS 
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Related to INTERESTS IN THE FUND AND CAPITAL CONTRIBUTIONS

  • 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 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.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • Member and Capital Contribution The name and the business address of the Member and the amount of cash or other property contributed or to be contributed by the Member to the capital of the Company are set forth on Schedule A attached hereto and shall be listed on the books and records of the Company. The managers of the Company shall be required to update the books and records, and the aforementioned Schedule, from time to time as necessary to accurately reflect the information therein. The Member shall not be required to make any additional contributions of capital to the Company, although the Member may from time to time agree to make additional capital contributions to the Company.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • Capital Contributions Distributions 10 SECTION 5.1

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • 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

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

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