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:
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 60 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 the Partnership Committee by vote of the Members representing each Group. Such contributions, when made by a Partner, shall be credited to such Partner's Capital Account.
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. (a) If the Partnership has been able to terminate or otherwise dispose of the Lease, the May Agreement and all other agreements to which the Partnership is a party by the date of the First Closing, the Partnership will promptly take any and all appropriate actions to dispose of its remaining assets of the Partnership and to settle its remaining liabilities and obligations with the objective of dissolving and liquidating the Partnership in accordance with Section 7 of the Partnership Agreement within 90 days of the receipt of the Termination Payment, unless such liquidation is prevented by circumstances beyond the control of the Partners or by obligations to third parties (other than affiliates of the Partners) which the Partners can not arrange to have performed other than by the continuation of the Partnership. In the event that the Partnership can not be liquidated and dissolved within 90 days of the receipt of the Termination Payment for the reasons set forth in the prior sentence, the Partnership will continue operations only for so long a...
Additional Contributions by Partners. Under no circumstances shall any Partner be required to advance or contribute any additional funds to the Partnership. Any and all additional advances or contributions to the Partnership shall be strictly voluntary. In the event the General Partner determines that additional capital would be beneficial for Partnership operations, then the following provisions shall apply:
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.
