Initial Capital Clause Samples
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Initial Capital. The initial capital of the Company shall be the sum of cash contributed to the Company by the Member (the “Capital Contribution”) in the amount set out opposite the name of the Member on Schedule A hereto, as amended from time to time and incorporated herein by this reference.
Initial Capital. ARAMARK has contributed cash or property of an agreed value as set forth in the books and records of the Company.
Initial Capital. The Managing Member has contributed cash or property of an agreed value as set forth in the books and records of the Company.
Initial Capital. As of the effective date hereof, the Partners have made or will make contributions of cash and/or property to the Partnership, and the amount of such cash contributions and the Gross Asset Value of such in-kind Capital Contributions are reflected in the Capital Account balance of each such Partner as set forth opposite such Partner's name on the attached Schedule A, as amended from time to time, under the heading "Agreed Capital Account".
Initial Capital. Each Founder agrees to contribute $[Insert Amount] as non-refundable initial capital to account for expected and potential company expenses. Additional capital contributions may be made to support the Company's ongoing operating costs. These additional capital contributions are to be made only through the mutual written consent of all the Founders.
Initial Capital. ASES has contributed cash or property of an agreed value as set forth in the books and records of the Company.
Initial Capital. The Sole Member shall contribute cash of $1,000 as its initial capital contribution.
Initial Capital. On August 22, 2002, Alpha Natural Resources, LLC contributed $1,000 as its initial capital contribution to the Company in exchange for one (1) membership unit of the company.
Initial Capital. The Members shall each own Units in the Company with their initial Interests in the Company equal to the proportionate percentages as shown in the Membership Schedule. The Units shall represent a participation interest in the equity, Net Profits and Net Losses of the Company.
Initial Capital. The initial capital of the Company shall be the sums of cash or the agreed fair market value of the property or services (or combination of cash, property and services) contributed to the Company by the Members in such amounts or value as are set out opposite the name of each of the Members on Schedule A attached hereto and incorporated herein by this reference which shall be amended from time to time by the Managers to reflect a current list of the names and addresses of each current member. A transfer of any Membership Interest (as defined herein) shall not be effective until it has been recorded in the records of the Company.