Contribution and Initial Purchase Sample Clauses

The 'Contribution and Initial Purchase' clause defines the obligations of parties to provide initial capital or assets and outlines the terms under which the first acquisition or investment is made. Typically, this clause specifies the amount, timing, and method of each party's contribution, as well as the process for executing the initial purchase, such as payment procedures or asset transfers. Its core function is to ensure that all parties are clear on their initial financial commitments and the steps required to commence the business arrangement, thereby preventing misunderstandings and disputes at the outset of the relationship.
Contribution and Initial Purchase 
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Related to Contribution and Initial Purchase

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

  • Capital Contributions and Issuance of Partnership Interests Section 5.1

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • 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.