Additional Capital Contributions; New Members. (a) Except as set forth in Section 3.1 above and this Section 3.2, no Member shall be required to make any Capital Contributions. To the extent unanimously approved by the Members, from time to time additional Capital Contributions ("Additional Capital Contributions") may be called for from the Members if the Members determine that such Additional Capital Contributions are necessary for the conduct of the Company's business. In that event, the Members shall have the opportunity, but not the obligation, to participate in such Additional Capital Contributions on a pro rata basis in accordance with their Percentage Interests. In the event that Additional Capital Contributions are not made in accordance with Percentage Interests, the Percentage Interest of each Member shall be adjusted by increasing or decreasing, as applicable, such Percentage Interest to equal the percentage which such Member's Capital Account bears to the total of all Capital Accounts of all Members as a result of such Additional Capital Contributions after first adjusting such Capital Accounts to reflect the fair market value of the assets of the Company as permitted by Treasury Regulations ss.1.704-1(b)(2)(iv)(f), such adjustment to be made prior to taking into account the Additional Capital Contributions. If an adjustment is made pursuant to this Section 3.2(a), Exhibit A and the books and records of the Company shall be amended accordingly.
Additional Capital Contributions; New Members. (a) Except as set forth in Section 2.1 above and this Section 2.2, no Member shall be required to make any Capital Contributions. In the event that funds are necessary from time to time for the conduct of the Company’s business based on the Budget adopted and approved by the Members, and the availability (or lack of availability) of funding from other sources, Harezi shall be required to make an additional Capital Contribution (“Additional Capital Contributions”) in the form of cash, credit line, cross guarantees and/or personal guarantees, in an aggregate amount of not more than $200,000 (Two Hundred Thousand Dollars) (“Harezi Contribution”). Harezi shall be entitled to, on behalf of the Company, encumber the Company’s assets in order to obtain such funds, subject to the limitations contained in Section 6.1(f)(vii) herein. The Harezi Contribution shall be added to the Capital Account of Harezi. The Harezi Contribution shall not change Harezi’s Member Interest or Percentage Interest or the Member Interest or Percentage Interest of Hydron or any other Member.
Additional Capital Contributions; New Members. The Board, acting in accordance with Section 5.1(c), Section 7.1(f) and Section 7.2(e), from time to time may cause the Company to accept additional Capital Contributions and/or issue additional Membership Interests of an existing class or a new class to such other Persons, for such consideration (or no consideration), and with such terms and rights (including voting rights), and taking into account such factors (such as future contributions), as the Board, in its discretion, shall determine. Acting in accordance with Section 7.1(f) and Section 7.2(e) the Board from time to time may amend this Agreement to reflect the creation of any additional class of Membership Interests pursuant to this Section.
Additional Capital Contributions; New Members
