Contributions by the Members Clause Samples

Contributions by the Members. ▇. ▇▇▇ will provide its know-how and expertise in oil and gas exploration and development to the COMPANY. Juneau’s capital account will not be credited to any extent for its know-how and expertise. In addition, ▇▇▇ will from time to time make available to the COMPANY certain DATA license and use agreements (“LICENSES”), subject to the terms and conditions of the following LICENSES and this Section 5.A: (i) Volume License Agreement dated September 9, 2002, as amended October 18, 2002, between ▇▇▇ and Seismic Exchange, Inc.; (ii) Master Geophysical Data-Use License dated May 10, 2001 and Supplemental Agreement No. VMSO1 effective October 7, 2002, between ▇▇▇ and Veritas Marine Surveys; (iii) Seismic Data Review and Possession Agreement (Contract No. ▇▇-▇▇-▇▇▇ AJF) dated October 3, 2002, between ▇▇▇ and Seitel Data Ltd.; and (iv) Master License Agreement dated November 7, 2002 together with Supplementary Agreement for License of Geophysical Data — Supplement Number I of even date, between ▇▇▇ and TGS-NOPEC Geophysical Company (“TGS”). It is understood and agreed that ▇▇▇ will be the only MEMBER of the COMPANY entitled to use said DATA, and neither the COMPANY nor ▇▇▇ O/S nor any other MEMBER of the COMPANY shall have any ownership interest in or rights to use or receive delivery of said DATA including any resulting or related interpretations, derivatives or reprocessings. The COMPANY’s and the other MEMBERS’ access to the DATA will be limited to the same rights afforded non-licensees under the LICENSES. B. The COMPANY will not pay interest on capital contributions. C. Each MEMBER confirms to the COMPANY and to the other MEMBERS that it and/or its principal equity owners are experienced in the oil and gas industry and that it is fully aware of the risks involved in the venture set forth in this AGREEMENT.
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Contributions by the Members. There shall be contributed to the capital of IOC, with respect to each Person who purchases an Interest, an amount equal to the net purchase price to IOC for such Interest (such amount being such Person's capital contribution to IOC). Members, in their capacity as Members of IOC, shall not be required to make any additional contributions to IOC except as required by law.
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Contributions by the Members 
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Related to Contributions by the Members

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Member Contributions Each Member and the Manager further acknowledges that it may contribute ideas, knowledge, know-how and, potentially, Confidential Information of such disclosing Member or the Manager to the Company, the employees, agents or contractors of the Company. Each disclosing Member or the Manager shall retain ownership of such Confidential Information but grants to only the Company, not to the individual(s) to whom the information was disclosed in his/her respective personal capacity(ies), the limited right to use such Confidential Information solely and exclusively for the benefit of the Company, and not any individual Member other than the disclosing Member; and each Member and the Manager other than the discloser promises and agrees to not use Confidential Information of a disclosing Member or the Manager for any purpose whatsoever except in connection with the Company and except with the written consent of both the disclosing Member and the Company. For purposes of this Section X, all references to the Company shall include its Affiliates.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Member Capital Contributions (Check One)