Common use of ADDITIONAL CAPITAL CONTRIBUTIONS AND ISSUANCES OF ADDITIONAL MEMBERSHIP INTERESTS Clause in Contracts

ADDITIONAL CAPITAL CONTRIBUTIONS AND ISSUANCES OF ADDITIONAL MEMBERSHIP INTERESTS. Except as provided in this Section 4.3 or in Section 4.4, the Members have and shall have no preemptive or other right or obligation to make any additional Capital Contributions or loans to the Company. Ashford Inc. may contribute additional capital or property to the Company, from time to time, and receive additional Membership Interests in respect thereof, in the manner contemplated in this Section 4.3.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Ashford Inc.), Limited Liability Company Agreement (Ashford Inc), Limited Liability Company Agreement (Ashford Hospitality Trust Inc)

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ADDITIONAL CAPITAL CONTRIBUTIONS AND ISSUANCES OF ADDITIONAL MEMBERSHIP INTERESTS. Except as provided in this Section 4.3 or in Section 4.4, the Members have and shall have no preemptive or other right or obligation to make any additional Capital Contributions or loans to the Company. Ashford Inc., Ashford OAINC Inc. and Ashford OAINC II Inc. may contribute additional capital or property to the Company, from time to time, and receive additional Membership Interests in respect thereof, in the manner contemplated in this Section 4.3.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ashford Inc.)

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