ADDITIONAL CAPITAL CALL Sample Clauses

ADDITIONAL CAPITAL CALL. After the LLC is formed and each member has made his/her initial capital contribution, the LLC has a need for additional capital. What does the LLC Agreement provide?
Sample 1
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ADDITIONAL CAPITAL CALL. If the Company's projected revenues (with appropriate discount based on 12-month historical results for bad debt, cancelled contracts, returned products, and other relevant factors) plus liquid capital on hand are insufficient to sustain the Company's operations for a period of six (6) months based on the Company's Board-approved Budget then in place, including capital expenditures, then in addition to any Board actions that may be taken to reduce expenditures (including employee reductions and restructuring of supply and customer contracts and credit facilities), any Member holding at least 10% of the outstanding voting stock of the Company will have the right to demand an additional capital call, upon the terms set forth below (the "Capital Call"):
Sample 1

Related to ADDITIONAL CAPITAL CALL

  • Additional Capital The Member shall not be obligated to make any Capital Contributions other than the initial Capital Contributions specified in Section 3.2.

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

  • Capital Calls Except as set forth in the Constituent Documents and the Side Letters, no Borrower shall make any contractual agreement which shall restrict, limit, penalize or control its ability to make Capital Calls or the timing thereof.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

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

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Initial Capital The initial capital of the Company shall be the sum of cash contributed to the Company by the Member (the “Capital Contribution”) in the amount set out opposite the name of the Member on Schedule A hereto, as amended from time to time and incorporated herein by this reference.

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • 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.

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