ADDITIONAL CAPITAL CONTRIBUTIONS BY THE PARTNERS Sample Clauses

ADDITIONAL CAPITAL CONTRIBUTIONS BY THE PARTNERS. Neither of the Partners shall be required to and no Partner has the right to make any additional Capital Contributions to the Partnership, except that the Partners shall make such additional Capital Contributions as provided below in this Section 3.2. 3.2.1 If the General Partner determines, at any time and from time to time, that the Partnership requires additional capital for its business and operations, the General Partner, in its sole and absolute discretion, may deliver notice (an "Additional Capital Requirement Notice") to the Limited Partner specifying the additional amount of capital so determined to be required; provided, however, the General Partner shall have no obligation to any creditor of the Partnership to deliver an Additional Capital Requirement Notice. At any time after the delivery to the Limited Partner of such an Additional Capital Requirement Notice, the Partners, in proportion to their Percentage Interests, shall make an additional Capital Contribution to the Partnership up to the amount stated in such notice. 3.2.2 Notwithstanding anything to the contrary in this Agreement, with respect to any future Capital Contributions, the actual making of such Capital Contributions by the Partners in proportion to their Percentage Interests shall be deemed to have been made pursuant to an Additional Capital Requirement Notice, whether written or oral.
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ADDITIONAL CAPITAL CONTRIBUTIONS BY THE PARTNERS. The General Partner shall make all additional contributions to the capital of the Partnership at such times and in such amounts as determined by the General Partner in its sole discretion. Except as expressly set forth herein, the Partners shall not be required to make any additional capital contributions and no capital contribution of any Partner shall bear interest or otherwise entitle the contributing Partner to a preferred return or compensation for the use of the contributed capital.
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ADDITIONAL CAPITAL CONTRIBUTIONS BY THE PARTNERS. If at any time, and from time to time during the term of the Partnership, the Majority of the Original Partners, on the other hand, determine that additional monies are needed to fund the Partnership's obligations under this Agreement in excess of (i) the Initial Capital Contributions and (ii) the Additional Contributions set forth in Section 2.02 hereof, the Partners (subject to Section 2.09 d. with respect to Leisure) shall each fund such obligations pro rata, in accordance with their respective Percentage Interests (individually an "Additional Capital Contribution" and collectively the "Additional Capital Contributions"). Any requirement for an Additional Capital Contribution pursuant to this Section 2.08 shall require the concurrence of Sun, on the one hand, and the Majority of the Original Partners, on the other hand. In the event any Additional Capital Contribution is required to fund the Partnership's obligations, as determined by Sun and the Majority of the Original Partners, the Managing Partners shall give each Partner a Capital Call Notice, which Capital Call Notice shall specify the amount required and the items for which the Capital Call Notice is given.
Sample 1

Related to ADDITIONAL CAPITAL CONTRIBUTIONS BY THE PARTNERS

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

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

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

  • 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.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Member Capital Contributions (Check One)

  • Capital Contributions of the Partners (a) The General Partner and Initial Limited Partner have made the Capital Contributions as set forth in Exhibit A to this Agreement. (b) To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or the contribution of assets by any other Person, Persons who receive Partnership Interests in exchange for their interests in the Person merging into or contributing assets to the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement or contribution agreement and as set forth in Exhibit A, as amended to reflect such deemed Capital Contributions. (c) Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on any Partner’s Percentage Interest. (d) The number of Partnership Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. (e) Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise) and no Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

  • 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.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Member and Capital Contribution The name and the business address of the Member and the amount of cash or other property contributed or to be contributed by the Member to the capital of the Company are set forth on Schedule A attached hereto and shall be listed on the books and records of the Company. The managers of the Company shall be required to update the books and records, and the aforementioned Schedule, from time to time as necessary to accurately reflect the information therein. The Member shall not be required to make any additional contributions of capital to the Company, although the Member may from time to time agree to make additional capital contributions to the Company.

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