Common use of Initial Capitalization Clause in Contracts

Initial Capitalization. BIOCERES and FD will each contribute [•] Thousand Uruguayan Pesos (UYU [•],000) or their US dollar equivalent to the Company, to be paid in cash. The resulting Member interests in the Company at the Closing Date will be Fifty Percent (50%) for FD and Fifty Percent (50%) for BIOCERES.

Appears in 3 contracts

Sources: Framework Agreement (Bioceres S.A.), Framework Agreement (Bioceres S.A.), Framework Agreement (Bioceres S.A.)

Initial Capitalization. BIOCERES and FD will each contribute [•] *** Thousand Uruguayan Pesos (UYU [•],000) *** or their US dollar equivalent to the Company, to be paid in cash. The resulting Member interests in the Company at the Closing Date will be Fifty Percent (50%) for FD and Fifty Percent (50%) for BIOCERES.

Appears in 1 contract

Sources: Framework Agreement (Bioceres S.A.)