Additional Contributions After Initial Capital Contributions Sample Clauses

Additional Contributions After Initial Capital Contributions. (a) PARTNERS' OBLIGATIONS TO MAKE ADDITIONAL CAPITAL CONTRIBUTIONS. Notwithstanding anything to the contrary contained herein, the Limited Partner shall have no obligation under this Section 4.3 on and after the earlier of (x) such time as the Limited Partner shall have made aggregate Capital Contributions, which when added to the product obtained by multiplying the Discretionary Capital, if any, by two, equals or exceeds $40.0 million, or (y) the first anniversary of the Effective Date. Notwithstanding anything to the contrary contained herein, the General Partner shall have no obligation under this Section 4.3 on and after the earlier of (x) such time as the General Partner shall have made aggregate Capital Contributions equal to or in excess of $20.0 million, (y) the first anniversary of the Effective Date, or (z) with respect to HLP, such time as HLP ceases to be the General Partner, provided that HLP shall not then be in breach of this Agreement. From time to time after the full amount of the Initial Capital Contributions required by Section 4.2 has been paid to the Company, the Partners shall be required to make Additional Capital Contributions to fund (A) Necessary Expenditures (including payment of the principal balance of a Company Loan upon its Maturity, but excluding payment of the principal balance of a Company Loan prior to its Maturity, and (B) Property Acquisition Contributions (as herein defined) to the Company, as they are requested pursuant to Section 4.3(b) hereof. The Partners shall contribute such required Additional Capital Contributions (pursuant to a capital call by the General Partner pursuant to this Section 4.3) to the capital of the Company, in cash or current funds, pro rata, in proportion to their Percentage Interests. All such Additional Capital Contributions shall be made by the General Partner and Limited Partner pro-rata, in proportion to their respective Percentage Interests.
Sample 1
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Additional Contributions After Initial Capital Contributions 
Sample 1

Related to Additional Contributions After Initial Capital Contributions

  • 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.

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

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • 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.

  • 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 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.

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