Value of Capital Contributions. The value of any property contributed to the Company by a Member, whether as a Capital Contribution in such person’s capacity as a Member or as a loan in such person’s capacity as a creditor, shall be the value of such property as agreed upon by the Company and the contributing Member in good faith based upon an arm’s length transaction.
Appears in 7 contracts
Sources: Limited Liability Company Agreement (Winder HMA, LLC), Limited Liability Company Agreement (Winder HMA, LLC), Limited Liability Company Agreement (Winder HMA, LLC)
Value of Capital Contributions. The value of any property contributed to the Company by a Member, whether as a Capital Contribution in such personPerson’s capacity as a Member or as a loan in such personPerson’s capacity as a creditor, shall be the value of such property as agreed upon by the Company and the contributing Member in good faith based upon an Members at arm’s length transactionlength.
Appears in 2 contracts
Sources: Restructuring Agreement, Restructuring Agreement (Health Management Associates Inc)