Common use of Additional Contributions; Additional Units; Preemptive Rights Clause in Contracts

Additional Contributions; Additional Units; Preemptive Rights. (a) Unless approved by all of the Members, no additional Capital Contributions shall be required from any Members. Upon such approval, the Managers shall give written notice to each Member of the amount of any required additional Capital Contributions, and each Member shall deliver to the Company his, her or its pro rata share thereof based upon such Member's Percentage of Interest no later than thirty (30) days following the date such notice is given.

Appears in 2 contracts

Samples: Company Agreement (Mortgage Assistance Center Corp), Company Agreement (Mortgage Assistance Center Corp)

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Additional Contributions; Additional Units; Preemptive Rights. (a) Unless approved by all of the Members, no additional Capital Contributions shall be required from any Members. Upon such approval, the Managers shall give written notice to each Member of the amount of any required additional Capital Contributions, and each Member shall deliver to the Company his, her or its pro rata share thereof based upon such Member's Percentage of Interest no later than thirty ten (3010) days following the date such notice is given.

Appears in 2 contracts

Samples: Company Agreement (Mortgage Assistance Center Corp), Company Agreement (Mortgage Assistance Center Corp)

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