Initial Contributions Clause Samples
The Initial Contributions clause defines the assets, funds, or resources that each party is required to provide at the outset of an agreement or partnership. Typically, this clause specifies the type, value, and timing of these contributions, such as cash investments, intellectual property, or equipment, and may outline the process for verifying their delivery. Its core function is to ensure that all parties clearly understand and fulfill their initial obligations, thereby establishing a fair and transparent foundation for the ongoing relationship.
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Initial Contributions. The Members will contribute the Company’s initial capital as described in Exhibit 2 attached to this Agreement. The agreed total value of such property and cash is . In consideration for their contributions to the Company, each Member shall receive a membership interest in the Company, or percentage of interest in the Company as reflected in Exhibit 1 attached to this Agreement.
Initial Contributions. The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.
Initial Contributions. Pursuant to Sections 501 of the Law, the Member will contribute the Company’s initial capital as described in Exhibit 1 attached to this Agreement. The declared total value of such property and cash is .
Initial Contributions. The Member has made an initial contribution to the capital of the Company of $1,000.00 in cash.
Initial Contributions. Pursuant to Section ▇▇-▇▇-▇▇▇ of the Act, the Member will contribute the Company’s initial capital as described in Exhibit 1 attached to this Agreement. The declared total value of such property and cash is .
Initial Contributions. The Manager has not contributed any capital to the Company. Each Investor Member will contribute to the capital of the Company the amount specified in his, her, or its Investment Agreement. The capital contributions of Members are referred to in this Agreement as “Capital Contributions.”
Initial Contributions. The Member's initial capital contribution is described in Exhibit 1 of this Agreement.
Initial Contributions. The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement. Additional Contributions. No Member shall be obligated to make any additional contribution to the Company's capital without the prior unanimous written consent of the Members.
Initial Contributions. The Members initially shall contribute capital as described in Exhibit 1 as a condition of the issuance of the respective Units indicated in Exhibit 1. The contribution percentages and totals in the schedule shall be adjusted as they change to reflect the admission of new Members or any other event.
Initial Contributions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.