Common use of Additional Capital Contributions by Members Clause in Contracts

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. (b) Except as set forth in this Section 5.2, no Member will be (i) permitted to make additional Capital Contributions to the Company without the prior approval of the Board or (ii) required to make additional Capital Contributions to the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (TW Southcross Aggregator LP), Limited Liability Company Agreement (EIG BBTS Holdings, LLC), Limited Liability Company Agreement (EIG BlackBrush Holdings, LLC)

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