Common use of Addition to or Withdrawal of Capital Contributions Clause in Contracts

Addition to or Withdrawal of Capital Contributions. The Members shall not have the right to withdraw their capital contribution at any time. The Members shall not be required to make any additional contributions to the capital of the Company. Additional capital may be contributed to the Company, or capital may be withdrawn, but only as authorized by appropriate action under this Agreement.

Appears in 5 contracts

Samples: Operating Agreement (Cleco Power LLC), Operating Agreement (Cleco Power LLC), Operating Agreement (Cleco Corp)

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Addition to or Withdrawal of Capital Contributions. The Members -------------------------------------------------- shall not have the right to withdraw their capital contribution at any time. The Members shall not be required to make any additional contributions to the capital of the Company. Additional capital may be contributed to the Company, or capital may be withdrawn, but only as authorized by appropriate action under this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Cleco Power LLC)

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Addition to or Withdrawal of Capital Contributions. The Members Member shall not have the right to withdraw their its capital contribution at any time. The Members Member shall not be required to make any additional contributions to the capital of the Company. Additional capital may be contributed to the Company, or capital may be withdrawn, but only as authorized by appropriate action under this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Cleco Corp)

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