Initial Capital Contribution Provision in a 90/10 Real Estate Joint Venture (Operating Member Credit; Investor Member Installments) | Practical Law

Initial Capital Contribution Provision in a 90/10 Real Estate Joint Venture (Operating Member Credit; Investor Member Installments) | Practical Law

Initial capital contribution provisions that can be used in a limited liability company (LLC) operating agreement for a real estate joint venture formed between an operating member, which is the minority member, and an investor member, which is the majority member. In them, the operating member is credited for its contributions toward the project before forming the joint venture. The investor member funds its initial capital contribution in cash installments. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for both members.

Initial Capital Contribution Provision in a 90/10 Real Estate Joint Venture (Operating Member Credit; Investor Member Installments)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
Initial capital contribution provisions that can be used in a limited liability company (LLC) operating agreement for a real estate joint venture formed between an operating member, which is the minority member, and an investor member, which is the majority member. In them, the operating member is credited for its contributions toward the project before forming the joint venture. The investor member funds its initial capital contribution in cash installments. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for both members.