Additional Contributions After Initial Capital Contributions Sample Clauses

Additional Contributions After Initial Capital Contributions. 35 Section 4.4 Failure to Make Additional Capital Contributions. 37 Section 4.5 Capital Accounts. 39 Section 4.6 Return of Capital Contributions. 40 Section 4.7 No Third Party Beneficiary Rights. 40 Article 5- ALLOCATIONS AND DISTRIBUTIONS 40 Section 5.1 Distributions. 40 Section 5.2 Determination of Income and Loss. 47 Section 5.3 General Allocation of Income and Loss. 47 Section 5.4 Regulatory Allocations. 48 Section 5.5 Allocations For Federal and State Income Tax Purposes. 49 Section 5.6 Transfers of Interests. 50 Section 5.7 Special Allocations. 50 Section 5.8 Allocations Regarding Contributed Property. 51 Section 5.9 Tax Matters Partner. 51 Section 5.10 Section 752 Specification. 52 Article 6- RIGHTS AND DUTIES OF PARTNERS 52 Section 6.1 Management. 52 Section 6.2 Liability of Partners. 52 Section 6.3 Indemnification. 52 Section 6.4 Major Decisions. 52 Section 6.5 Specific General Partner Approvals. 55 Section 6.6 Damage and Destruction - Condominiums. 56 Section 6.7 Partial Destruction - Stand Alone Building. 56 Section 6.8 Partners Compensation. 57 CNL VILLAGE RETAIL PARTNERSHIP, XX xx Amended and Restated Limited Partnership Agreement v2 Section 6.9 Signing of Documents. 57 Section 6.10 Right to Rely on Authority of General Partner. 57 Section 6.11 Outside Activities. 57
Sample 1
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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

Related to Additional Contributions After Initial Capital Contributions

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners 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 In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • 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 On March 7, 2007, the Member made a capital contribution of One Hundred Dollars ($100.00) to the Company, and, as consideration therefor, the Member received a percentage interest of One Hundred Percent (100%) in the Company.

  • 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) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • 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.

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • 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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