Value of the Contribution In-kind Sample Clauses

Value of the Contribution In-kind. 3.1 The value of the Contribution In-kind was ascertained by 30 June 2011 (hereinafter referred to as “the Date of Valuation“) by expert opinion No. 446/66/2012 of 30th October 2012, drawn up for this purpose by an expert institution, the company ZNALEX, s.r.o., with its registered office located in ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇, ▇ ▇▇▇▇ ▇/699, Postcode 110 00, Registration No. of the person 260 99 306, registered by the Ministry of Justice of the Czech Republic on the list of institutions qualified to carry out expert activity in the area of Economy, appointed pursuant to the provisions of Section 59, Paragraphs 3 and 4 of the Commercial Code, by resolution of the Municipal Court in Ostrava, Ref. No. 28Nc 4242/2012-14, of 16th October 2012, which came into legal force on 18th October 2012. By the Date of Valuation, the value of the Contribution In- kind has amounted to CZK 1,348,956,000(in words: one billion three hundred and forty eight million nine hundred and fifty six thousand Czech Crowns) 3.2 The value of the Contribution In-kind corresponds at least to the amount of the total issue price of the shares that are to be issued by the Company as a consideration for the Contribution In-kind, whereby the difference between the value of the Contribution In-kind by the Date of Payment and the total issue price of the shares shall be considered the share premium making up the Company’s own capital.
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Related to Value of the Contribution In-kind

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Can I Roll Over or Transfer Amounts from Other IRAs or Employer Plans If properly executed, you are allowed to roll over a distribution from one Traditional IRA to another without tax penalty. Rollovers between Traditional IRAs may be made once every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, ▇▇▇▇, SEP, and SIMPLE IRAs owned. Under certain conditions, you may roll over (tax-free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. In addition, you may also make a rollover contribution to your Traditional IRA from a qualified deferred compensation arrangement. Amounts from a ▇▇▇▇ ▇▇▇ may not be rolled over into a Traditional IRA. If you have a 401(k), ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) and you wish to rollover the assets into an IRA you must roll any designated ▇▇▇▇ assets, or after tax assets, to a ▇▇▇▇ ▇▇▇ and roll the remaining plan assets to a Traditional IRA. In the event of your death, the designated beneficiary of your 401(k) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary IRA account. In general, strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans. You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • When Can I Make Contributions You may make annual contributions to your ▇▇▇▇ ▇▇▇ any time up to and including the due date for filing your tax return for the year, not including extensions. You may continue to make regular contributions to your ▇▇▇▇ ▇▇▇ even after you attain RMD age. In addition, rollover contributions and transfers (to the extent permitted as discussed below) may be made at any time, regardless of your age.