Additional Contributions by Partners. The partners may agree, from time to time by unanimous vote, to require the payment of additional capital contributions by the partners, on or by a mutually agreeable date.
Additional Contributions by Partners. The General Partner may, in its discretion, contribute additional funds to the Partnership at any time; however, unless such additional Capital Contribution is approved by Limited Partners who own more than two-thirds of the Partnership Interests that are owned by Limited Partners in the manner hereinafter provided, such Capital Contribution will not result in an increase in the General Partner’s share of the Profits or Losses of the Partnership. The General Partner may request additional Capital Contributions from the Limited Partners only in accordance with the following provisions:
(a) The General Partner shall deliver to each Limited Partner a notice of its request for additional Capital Contributions. Such notice shall set forth in reasonable detail the total additional Capital Contributions requested; each Limited Partner’s share of the requested additional Capital Contribution; the purpose for such request and the uses to which the contributed funds will be applied; and the date (which shall be not less than 30 days after the date of such notice) upon which such additional Capital Contributions are to be paid to the Partnership.
(b) Within 15 days after the date of such notice, each Limited Partner shall notify the General Partner whether that Partner consents to such additional Capital Contribution. A Limited Partner’s consent to the request shall constitute that Limited Partner’s agreement (subject to the requirement that Limited Partners owning at least two-thirds of the Partnership Interests owned by Limited Partners also consent) to make the Limited Partner’s share of the requested Capital Contribution on or before the date specified in the notice given by the General Partner. Failure of a Limited Partner to reply to the notice given by the General Partner shall be construed as that Limited Partner’s lack of consent and refusal to make the requested Capital Contribution.
(c) If the requisited consent of the Limited Partners is obtained, those Limited Partners who consent to the additional Capital Contribution shall make such contribution on or before the date specified in the notice given by the General Partner. Those Limited Partners who do not consent to such contribution shall have no obligation to the Partnership or the other Partners as a result of their refusal. If the requisite percentage, but less than all, of the Limited Partners consent to the request, all or any one of those Partners who consented thereto may, but shall not be requir...
Additional Contributions by Partners. (a) In the event that (i) a capital contribution is required by the terms of an Approved Business Plan or an Approved Budget or (ii) the Partnership Committee determines that an additional capital contribution, payable in cash or other property (or combination thereof), is necessary or advisable, each Partner will be notified in writing by the Partnership, at least 25 days prior to the date on which such capital contribution is payable (the "Due Date"), of the amount of the capital contribution required from each of them, on a pro rata basis, determined in accordance with such Partner's respective Percentage Interest, and the Due Date for such capital contribution. Each such capital contribution shall be payable in cash unless otherwise determined by vote of the Partnership Committee. Such contributions, when made by a Partner, shall be credited to such Partner's Capital Account. In the event that any Partner fails to make such a capital contribution on or before the Due Date thereof, but wishes to make such contribution on or before the fifth day immediately following such Due Date (a "Late Amount"), such Partner shall be entitled to contribute such Late Amount during such five-day period and have such Late Amount credited to its Capital Account; provided that in addition to the payment of such Late Amount, such Partner must also pay at such time a late fee equal to the interest that would have accrued on the unpaid portion of such Late Amount from the Due Date to the date of payment, calculated at a per annum rate of the Prime Rate plus 2% (a "Late Fee"), which Late Fee shall not be credited in whole to the Partner's Capital Account, but shall be treated as income and allocated among the Partners proportionately in accordance with their Percentage Interests.
(b) In the event that a Partner fails to make a required capital contribution on or prior to the expiration of five days after the Due Date thereof (a "Defaulting Partner"), any one or more of the other Partners, who are not Affiliate Transferees of the Defaulting Partner (the "Non-Defaulting Partners"), within 30 days following the mailing of notice from the Partnership that payment from the Defaulting Partner has not been made, may pay some or all of the contribution which the Defaulting Partner failed to make to the capital of the Partnership (a "Default Amount"). In the event that more than one Non-Defaulting Partner elects to contribute a Default Amount so that the aggregate amount to be contrib...
Additional Contributions by Partners. In addition to the amounts provided for in Section 2 above, at the First Closing, TEN and HCA will each contribute to the Partnership 50% of the funds necessary to bring the Partnership's liquid assets (defined for purposes hereof as cash and receivables less aggregate liabilities) to an aggregate of $500,000 after payment of all amounts specified in Subsections (a) through (d) of Section 1 above, in order to provide the Partnership with sufficient funds to complete the dissolution and liquidation of the Partnership. 4. Assignment of Payments to TEN. In consideration of TEN's cash contribution to the Partnership, as provided for in Section 2 above, and of the distribution to HCA of $3,382,500 (or the adjusted amount) as provided in Section 1(c) above, the Partnership will assign to TEN, and TEN will accept, all of the Partnership's rights to payments by HSC under the Steam Supply Termination Agreement, by execution and delivery of an Assignment of Rights to Payments and Consent to Assignment in the form of Exhibit A hereto. 5. Termination of Lease and May Agreement. In the event that the City Settlement has not been entered into prior to the First Closing, the Partnership will, after the First Closing, attempt to reach agreement expeditiously with the City of Hartford or its assignee to terminate the Lease and the May Agreement under terms satisfactory to the Partnership. 6. Winding Up and Liquidation of Partnership.
