Common use of Initial Contribution Clause in Contracts

Initial Contribution. The Corporation, being the initial settlor, hereby transfers concurrent with the execution and delivery of this Agreement, the initial contribution set forth in Section 2.1 to the Voting Trustee for the purpose of settling the voting trust created by this Agreement.

Appears in 18 contracts

Sources: Trust Declaration and Voting Trust Agreement (Boxabl Inc.), Voting Trust Agreement, Voting Trust Agreement