Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall have made capital contributions to Investors LLC in an amount equal to $7,500 (the “Capital Contributions”), or $.25 per Unit, in exchange for, and Investors LLC shall issue to Executive, 30,000 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement.
Appears in 1 contract
Sources: Executive Purchase Agreement (Cbeyond Communications Inc)
Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall have made make aggregate capital contributions to Investors the LLC in an amount equal to $7,500 150,000 (the “Capital Contributions”), or $.25 0.25 per Unit, Unit in exchange for, and Investors the LLC shall issue to Executive, 30,000 600,000 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.
Appears in 1 contract
Sources: Executive Purchase Agreement (Cbeyond Communications Inc)