Additional Capital Contributions by Members. Except as provided in Section 3.1, no Member shall be required to make any additional Capital Contributions to the Company.
Additional Capital Contributions by Members. (a) If, at any time, the Board determines that the Company is in need of additional capital, then, with the prior written consent of each Member, each Member shall be obligated to contribute in cash such capital, subject to the limitations contained in this Section 5.2 or elsewhere in this Agreement, pro rata in accordance with its Sharing Ratio in effect at the time of such contribution.
Additional Capital Contributions by Members. The Members may, by majority Vote in interest of LLC Units, raise additional capital by issuing additional LLC Units to existing members in exchange for capital contributions specified by resolution.
Additional Capital Contributions by Members. 3.2.1 No Member shall be (a) required or (b) except as provided in this Paragraph 3.2 or as otherwise approved by a Majority in Interest, permitted, to make any additional Capital Contributions to the Company.
Additional Capital Contributions by Members. 3.2.1 Each Member shall be allocated an interest in the 6,067,858 shares of Chicago Pizza, Incorporated as set forth in Exhibit "A" (with a Member's allocable interest in the Shares referred to as an "Allocable share")."
Additional Capital Contributions by Members. No Member has the right or obligation to make any additional Capital Contributions to the Company.
Additional Capital Contributions by Members. No Member shall be required to make any additional Capital Contributions to the Company, and no Member shall be permitted to make any additional Capital Contributions to the Company without the consent of the Board of Directors. In the event that any Capital Contributions are made by any Member or any other Person who becomes a Member as a result thereof (each, an “Additional Member” and, collectively, the “Additional Members”), the Company shall be authorized to issue additional Common Units to such Member or Additional Member on such terms and conditions and for such Capital Contributions as the Board of Directors and such Member or Additional Member may agree. As a condition to being admitted as a Member of the Company, each Additional Member shall execute an agreement to be bound by the terms and conditions of this Agreement.
Additional Capital Contributions by Members. Except as provided in Section 3.1, no Member shall be required to make any additional Capital Contributions to the Company. However, a Member may make any additional Capital Contributions to the Company with the written consent of the other Member. To the extent that a Member makes an additional Capital Contribution to the Company, the Board of Managers shall cause Exhibit A to be updated to reflect an increase in the Units of the contributing Member that fairly and equitably reflects the value of its additional Capital Contribution in relation to the aggregate amount of all Capital Contributions made by the Members.
Additional Capital Contributions by Members. 3.2.1 No Member nor any other person or persons shall be obligated to guarantee any Company borrowings. Any amount paid by a Member (or any stockholder, officer, director, partner, member, subsidiary or agent thereof) pursuant to a guarantee of Company debt shall be accounted for as a permitted Member loan to the Company bearing interest at the Prime Rate plus two percent (2%) per annum, but not to exceed the maximum permissible rate under applicable usury laws.
Additional Capital Contributions by Members. 3.2.1 If either Tejon or Xxxxxxx reasonably determines that the Company requires or would benefit from additional funds, such funds may be solicited via written notice from either Tejon or Xxxxxxx to the other Members (a "Capital Call") specifying the total amount of capital to be obtained via Capital Contributions pursuant to this Section 3.2.1 and the use(s) therefor. -------
