Common use of Additional Capital Contributions of the Partners Clause in Contracts

Additional Capital Contributions of the Partners. (a) If the General Partner reasonably determines that Available Funds are insufficient to satisfy projected needs of the Partnership, then in addition to the Initial Capital Contribution of the Partners required to be made pursuant to Section 3.1, the General Partner may require that the Partners make one or more ----------- additional capital contributions to the Partnership. Each Partner shall make an Additional Capital Contribution to the Partnership within ten (10) days following receipt of the demand therefor by the General Partner, pro rata in accordance with their respective Sharing Ratios. (b) If any Partner makes a payment directly to a creditor or another Partner in satisfaction of any indebtedness of the Partnership or any indemnity, guaranty or contribution obligation of such partner in respect of Partnership indebtedness, or if any collateral interest granted by such Partner to such creditor or other Partner to secure any such indebtedness shall be foreclosed and the proceeds of such foreclosure shall be applied to reduce or satisfy such indebtedness and any foreclosure related expenses, such Partner shall be deemed to have made a permitted Additional Capital Contribution equal to such amount and shall receive a credit to its Capital Account in the amount thereof.

Additional Capital Contributions of the Partners. (a) If the General Partner reasonably determines that Available Funds are insufficient to satisfy projected needs of the Partnership, then in addition to the Initial Capital Contribution of the Partners required to be made pursuant to Section 3.1, the General Partner may require that the Partners make one or more ----------- additional capital contributions to the Partnership. Each Partner shall make an Additional Capital Contribution to the Partnership within ten (10) days following receipt of the demand therefor by the General Partner, pro rata in accordance with their respective Sharing Ratios. (b) If any Partner makes a payment directly to a creditor or another Partner in satisfaction of any indebtedness of the Partnership or any indemnity, guaranty or contribution obligation of such partner in respect of Partnership indebtedness, or if any collateral interest granted by such Partner to such creditor or other Partner to secure any such indebtedness shall be foreclosed and the proceeds of such foreclosure shall be applied to reduce or satisfy such indebtedness and any foreclosure foreclosure-related expenses, such Partner shall be deemed to have made a permitted Additional Capital Contribution equal to such amount and shall receive a credit to its Capital Account in the amount thereof.