Common use of Form of Contribution Clause in Contracts

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17, 2004. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February March 17, 20042003. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17December 16, 20042003. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The the contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17June 28, 20042002. (b) At at any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 1724, 2004. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17December 9, 20042003. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The the contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17June 25, 20042002. (b) At at any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17August 24, 2004. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17September 22, 20042003. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17January 6, 20042003. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17August 13, 20042002. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)

Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17August 30, 2004. (b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cinergy Corp)