Effect of Contributions Clause Samples

Effect of Contributions. In exchange for the Capital Contribution: (i) Inland Affiliate and Cordish Affiliate shall execute, seal and deliver to the other the Operating Agreement, (ii) Inland Affiliate will become a member of Holding Company pursuant to the terms of the Operating Agreement, (iii) Inland Affiliate will receive the Percentage Interest set forth beside its name on SCHEDULE A of the Operating Agreement, and (iv) the Capital Account of Inland Affiliate will be credited with such amount set forth beside its name on SCHEDULE A of the Operating Agreement. Such Capital Account shall be adjusted hereafter with respect to any adjustments to the Capital Contribution as set forth in Article I of this Agreement that occur after the Closing.
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Effect of Contributions. In exchange for its initial Capital Contribution, as defined in Section 4.1 of the Operating Agreement, (i) MTI shall become a Class A Member (as defined in Section 1.12 of the Operating Agreement) in the Company pursuant to the terms of the Operating Agreement; (ii) MTI will receive the Shares; and (iii) the Capital Account of MTI will be credited with such amount set forth beside its name on Exhibit A to the Operating Agreement. Such Class A Membership Interest and Capital Account shall be subject to adjustment as provided under Section 4.7 of the Operating Agreement.
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Effect of Contributions. In exchange for its transfer of the Assets to the Venture as provided herein on the Contribution Date, (i) Contributing Member shall become a Member in the Venture pursuant to the terms of the Venture Agreement; (ii) Contributing Member shall receive the Sharing Percentage in the Venture as set forth in Schedule A to the Venture Agreement; (iii) the Capital Account of Contributing Member shall be credited with such amount set forth beside its name in Schedule A of the Venture Agreement; and (iv) Blackstone Member and Contributing Member shall cause the Venture to apply and distribute the Cash Contribution and the Deposit in accordance with the terms of the Venture Agreement.
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Effect of Contributions. Upon the consummation of the contribution or beneficial assignment to the Partnership of the Designated CVI Systems and the Designated Paragon Systems in accordance with the terms and conditions of this Agreement, each of TWE (and its Affiliates) and the Partnership shall be deemed to have satisfied all of its obligations pursuant to Section 10.1 of the Partnership Agreement with respect to the businesses and assets of TWI Cable Inc. (formerly known as Cablevision Industries Corporation) and its affiliated companies and KBLCOM Incorporated and its affiliated companies.
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Effect of Contributions. In exchange for its initial Capital Contribution of the Contributed Property (a) Contributing Member shall receive 28.06% of the total Membership Interests of the Company and (b) the Capital Account of Contributing Member shall be credited as set forth in the LLC Agreement.
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Effect of Contributions. In exchange for its Original Capital Contribution, as defined in the Operating Agreement, (i) Northstar shall become a member in the Company pursuant to the terms of the Operating Agreement, (ii) Northstar will receive the tentative Percentage Interest set forth beside its name on the signature pages of the Operating Agreement, and (iii) the Capital Account of Northstar will be credited with such amount set forth in Section 4.1.2 of the Operating Agreement.
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Effect of Contributions. Upon completion of the capital contributions contemplated by this Agreement: (a) The Contributors will own units in HHLP with a total value of $7,750,000.00 in the percentages as set forth in detail in Exhibit “B” attached hereto and made a part hereof by this reference. (b) HHLP shall beneficially own the Interests, free and clear of any encumbrance, pledge or any other third party interests. (c) HHLP shall have assumed and be responsible for the Continuing Liabilities. The parties agree that the transfer of the Interests to HHLP pursuant to this Agreement shall be treated for federal income tax purposes as a contribution of such Interests solely in exchange for partnership interests in HHLP that qualifies as a tax-free contribution under Section 721 of the Internal Revenue Code of 1986, as amended.
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Effect of Contributions. In exchange for the transfer of the Assets to, and assumption of the Assumed Liabilities by, the Company, BOWLIN shall receive 4,582,348 shares of the common stock of the Co▇▇▇▇▇ (equal to the total number of outstanding shares of common stock of Bowlin, on the Contribution Date).
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Related to Effect of Contributions

  • 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.

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Limitations on Contributions By executing this Agreement, Contractor acknowledges its obligations under Section 1.126 of the City’s Campaign and Governmental Conduct Code, which prohibits any person who contracts with, or is seeking a contract with, any department of the City for the rendition of personal services, for the furnishing of any material, supplies or equipment, for the sale or lease of any land or building, for a grant, loan or loan guarantee, or for a development agreement, from making any campaign contribution to (i) a City elected official if the contract must be approved by that official, a board on which that official serves, or the board of a state agency on which an appointee of that official serves, (ii) a candidate for that City elective office, or (iii) a committee controlled by such elected official or a candidate for that office, at any time from the submission of a proposal for the contract until the later of either the termination of negotiations for such contract or twelve months after the date the City approves the contract. The prohibition on contributions applies to each prospective party to the contract; each member of Contractor’s board of directors; Contractor’s chairperson, chief executive officer, chief financial officer and chief operating officer; any person with an ownership interest of more than 10% in Contractor; any subcontractor listed in the bid or contract; and any committee that is sponsored or controlled by Contractor. Contractor certifies that it has informed each such person of the limitation on contributions imposed by Section 1.126 by the time it submitted a proposal for the contract, and has provided the names of the persons required to be informed to the City department with whom it is contracting.

  • Rights of Contribution The Guarantors agree among themselves that, in connection with payments made hereunder, each Guarantor shall have contribution rights against the other Guarantors as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of such Guarantors under the Loan Documents and no Guarantor shall exercise such rights of contribution until all Obligations have been paid in full and the Commitments have terminated.