Common use of Additional Capital Contributions and Financing Clause in Contracts

Additional Capital Contributions and Financing. No Member shall be required to make any additional Capital Contribution to the Company in respect of the Membership Interests then held by such Member or to provide any additional financing to the Company; provided that a Member may make, in its sole discretion, additional Capital Contributions or provide additional financing to the Company if approved by the Board of Managers in accordance with the provisions of this Agreement (including any approval rights applicable thereto). The provisions of this Section 3.8 are intended solely for the benefit of the Members in their capacity as Members, and, to the fullest extent permitted by Law, shall not be construed as conferring any benefit upon any creditor (including a Member in its capacity as a creditor) of the Company (and no such creditor shall be a third party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any additional Capital Contributions or to provide any additional financing or to cause the Board of Managers or any other Member to consent to the making of additional Capital Contributions or to the provision of additional financing.

Appears in 7 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Gmac LLC)

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Additional Capital Contributions and Financing. No Member shall be required to make any additional Capital Contribution to the Company LLP in respect of the Membership Interests then held by such Member (in its capacity as such) or to provide any additional financing to the CompanyLLP; provided that a Member may make, in its sole discretion, make additional Capital Contributions or provide additional financing to the Company LLP if approved by the Board of Managers and otherwise made in accordance with the applicable provisions of this Agreement (including any approval rights applicable thereto)Agreement. The provisions of this Section 3.8 3.7 are intended solely for the benefit of the Members in their capacity as Members, and, to the fullest extent permitted by Law, shall not be construed as conferring any benefit upon any creditor (including a Member in its capacity as a creditor) of the Company LLP (and no such creditor shall be a third party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company LLP to make any additional Capital Contributions or to provide any additional financing or to cause the Board of Managers or any other Member to consent to the making of additional Capital Contributions or to the provision of additional financing.

Appears in 2 contracts

Samples: Limited Liability Partnership Agreement, Limited Liability Partnership Agreement (Delphi Automotive PLC)

Additional Capital Contributions and Financing. No Member shall be required to make any additional Capital Contribution to the Company in respect of the Membership Interests then held by such Member or to provide any additional financing to the Company; provided that a Member may make, in its sole discretion, make additional Capital Contributions or provide additional financing to the Company if approved by the Board of Managers in accordance with the provisions of this Agreement (including any approval rights applicable thereto). The provisions of this Section 3.8 are intended solely for the benefit of the Members in their capacity as Members, and, to the fullest extent permitted by Law, shall not be construed as conferring any benefit upon any creditor (including a Member in its capacity as a creditor) of the Company (and no such creditor shall be a third party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any additional Capital Contributions or to provide any additional financing or to cause the Board of Managers or any other Member to consent to the making of additional Capital Contributions or to the provision of additional financing.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Gmac LLC)

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Additional Capital Contributions and Financing. No Member shall be required to make any additional Capital Contribution to the Company LLP in respect of the Membership Interests then held by such Member (in its capacity as such) or to provide any additional financing to the CompanyLLP; provided that a Member may make, in its sole discretion, make additional Capital Contributions or provide additional financing to the Company LLP if approved by the Board of Managers Managing Member and otherwise made in accordance with the applicable provisions of this Agreement (including any approval rights applicable thereto)Agreement. The provisions of this Section 3.8 3.7 are intended solely for the benefit of the Members in their capacity as Members, and, to the fullest extent permitted by Law, shall not be construed as conferring any benefit upon any creditor (including a Member in its capacity as a creditor) of the Company LLP (and no such creditor shall be a third party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company LLP to make any additional Capital Contributions or to provide any additional financing or to cause the Board of Managers Managing Member or any other Member to consent to the making of additional Capital Contributions or to the provision of additional financing.

Appears in 1 contract

Samples: Limited Liability Partnership Agreement (Delphi Trade Management, LLC)

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