Unit Interests Capital Contributions Sample Clauses

The "Unit Interests; Capital Contributions" clause defines how ownership interests in a company are represented and how members contribute capital to the business. It typically outlines the process for issuing units or shares to members in exchange for their initial or additional financial contributions, and may specify the rights and obligations attached to these units. This clause ensures that ownership stakes and financial commitments are clearly documented, thereby preventing disputes over ownership percentages and clarifying each member’s financial responsibility to the company.
Unit Interests Capital Contributions. 2.1 Unit Interests 2.2 Initial Units Issued as of the Date Hereof 2.3 Additional Units Issued after the Date Hereof
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Unit Interests Capital Contributions 
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Related to Unit Interests Capital Contributions

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Member Capital Contributions (Check One)

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.