Additional Capital Contributions or Assessments Sample Clauses

Additional Capital Contributions or Assessments. No Partner shall be assessed or, except for any such amounts which a Limited Partner may be obligated to repay under Section 10.5, be required to contribute additional funds, except as provided in Sections 4.1.5 and 7.1.1(c), or other property to the Partnership. Any additional funds required by the Partnership, as determined by the General Partner in its reasonable business judgment, may, at the option of the General Partner and without an obligation to do so, be contributed by the General Partner, the Special General Partner, or both as additional Capital Contributions; provided, however, that the General Partner, separately or together with the Special General Partner, shall contribute to the Partnership an additional $400,000 as a Capital Contribution during each Fiscal Year in exchange for General Partner Units which shall be added to the General Partnership Interest. If and as the General Partner or the Special General Partner makes additional Capital Contributions to the Partnership as provided for in this Section 4.1.2, each such Partner shall receive additional General Partner Units.
Sample 1
Additional Capital Contributions or Assessments. No Partner shall be assessed or, except for any such amounts which a Limited Partner may be obligated to repay under Section 10.5, be required to contribute additional funds, except as provided in Section 7.1(a)(3), or other property to the Partnership. Any additional funds required by the Partnership, as determined by the General Partner in its sole discretion may, at the option of the General Partner and without an obligation to do so, be contributed by the General Partner as additional Capital Contributions. If and as the General Partner or any other Partner makes additional Capital Contributions to the Partnership, each such Partner shall receive additional Partnership Units, but only as provided for in Section 4.2.
Sample 1
Additional Capital Contributions or Assessments. No Member shall be assessed or required to pay, except for any such amounts which a Member may be obligated to repay under Section 10.5 or except for any such amounts which the Managing Member may be obligated to repay under Section 13.9, additional funds or other property to the Company. Any additional funds or other property required by the Company (including, but not limited to, maintenance, repair, replacement, operation or other capital requirements), as determined by the Managing Member in its sole discretion, may, at the option of the Managing Member and without an obligation to do so, be loaned by the Managing Member to the Company at the DD Borrowing Rate. Notwithstanding the foregoing, the Managing Member shall be entitled to make additional Capital Contributions to the Company or allow other Persons to make additional Capital Contributions to the Company pursuant to terms determined by the Managing Member in its sole discretion. If and as any Member or Person makes additional Capital Contributions to the Company as provided in this Section 4.1(b), each such Member shall receive additional Company Units based upon the Agreed Value of the property contributed.
Sample 1
Additional Capital Contributions or Assessments. No Member shall be assessed or, except for any such amounts which a Member may be obligated to repay under Section 10.5, be required to contribute additional funds, except as provided with respect to the Managing Member in Section 7.1(a)(3), or other property to the Company. Any additional funds required by the Company, as reasonably determined by the Managing Member, may, at the option of the Managing Member and without an obligation to do so (except as provided in Section 7.1(a)(3)), be contributed by the Managing Member as additional Capital Contributions. If and as the Managing Member or any other Member makes additional Capital Contributions to the Company, each such Member shall receive additional Units as provided for in Section 4.2 and such Member's Capital Account shall be adjusted as provided in Section 4.4.
Sample 1
Additional Capital Contributions or Assessments. (i) Except as required by law or as set forth in subsections (ii) below, no Member shall be assessed or be required to contribute additional funds or other property to the Company. Any additional funds required by the Company, as reasonably determined by the Managing Member to not be available from operations or from lenders on commercially reasonable terms, may, at the option of the Managing Member and without an obligation to do so, be contributed by the Managing Member as additional Capital Contributions. (ii) The Managing Member shall contribute to the capital of the Company each year, at the time distributions will be made in accordance with Section 5.1, an amount of cash equal to the excess, if any, of the amount described in Section 5.1(a) and Section 5.1 (b) at such time over the amount of Available Cash at such time.
Sample 1

Related to Additional Capital Contributions or Assessments

  • 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.

  • 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 $ .

  • 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.

  • 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:

  • 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.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • 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.