Additional Contributions; Interest Sample Clauses
The "Additional Contributions; Interest" clause defines the rules and obligations regarding any extra funds or resources contributed by parties beyond their initial commitments, as well as how interest on such contributions is handled. Typically, this clause specifies whether additional contributions are permitted, under what conditions they may be made, and how any interest accruing on these amounts is calculated and distributed among the parties. For example, if a partner in a joint venture injects extra capital, the clause will clarify whether that partner is entitled to interest or preferential returns on the additional amount. The core function of this clause is to ensure fairness and transparency in handling extra contributions and associated interest, thereby preventing disputes and aligning expectations among parties.
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Additional Contributions; Interest. No Member shall be obligated to make any additional Capital Contribution. No Member shall be permitted to make any additional Capital Contribution without the consent of the Board of Managers and the Majority Interest. Upon any additional Capital Contribution made by any Member, the number of Membership Shares held by such Member shall be adjusted in the manner determined by the Board of Managers and the Majority Interest and shall be set forth on an amendment to Schedule I attached hereto. No Member has any obligation to restore a deficit balance in such Member's Capital Account, if any, or in the Company's balance sheet, or to make any contributions to the Company in order to restore such deficit balance. No Member shall be paid interest on any Capital Contribution.
Additional Contributions; Interest. The Member shall not be entitled to receive any interest on its contributions to the capital of the Company. The Member may make additional capital contributions to the Company as it may determine.
Additional Contributions; Interest. No Member shall be obligated to make any additional capital contribution. Upon any additional capital contribution made by any Member, the Membership Interests of the Members shall be adjusted accordingly and stated on an amendment to Schedule I attached to this Agreement. No Member has any obligation to restore a deficit balance in such Member's Capital Account or to make any contributions to the Company in order to restore such deficit balance. No Member shall be paid interest on its Capital Contribution.
Additional Contributions; Interest. No Partner shall be obligated to make any additional Capital Contribution. No Partner shall be permitted to make any additional Capital Contribution without the consent of the General Partner. Upon any additional Capital Contribution made by any Partner, the Partnership Interests of the Partners shall be adjusted to reflect the ratio of such Partner’s Capital Contributions, including any additional Capital Contributions, to the aggregate amount of all Partner’s Capital Contributions, including all additional Capital Contributions, and shall be set forth on an amendment to Schedule I-A. Any amounts paid by VV City-Buck to LBC under the Guaranty shall be deemed to be an additional Capital Contribution by VV City-Buck to the Partnership, provided that any such additional Capital Contribution shall not reduce the Partnership Interest of LBC pursuant to this Section 8(b). Except as otherwise expressly provided herein, no Partner has any obligation to restore a deficit balance in such Partner’s Capital Account or to make any contributions to the Partnership in order to restore such deficit balance. No Partner shall be paid interest on any Capital Contribution.
Additional Contributions; Interest. Withdrawal and Resignation; Return of Capital Contribution. . . .
Additional Contributions; Interest. No Member shall be obligated to make (nor shall any Member have the right to make without the consent of all Members) any additional Capital Contribution. No Member has any obligation to restore a deficit balance in such Member's Capital Account or to make, any contributions to the Company in order to restore such deficit balance. No Member shall be paid any interest or specified return on any Capital Contribution other than as provided herein.
Additional Contributions; Interest. No Member shall be obligated to make (nor shall any Member have the right to make without the consent of all Members) any additional Capital Contribution, provided, however, that (i) FUR Subsidiary shall have the right to make, or cause to be made, additional Capital Contributions pursuant to Section 19, and (ii) additional Common Capital may be contributed with the approval of a Special Majority. Any additional Capital Contribution made by a Member (other than FUR Subsidiary pursuant to Section 19) shall be in the form of Common Capital. No Member has any obligation to restore a deficit balance in such Member's Capital Account or to make any contributions to the Company in order to restore such deficit balance. No Member shall be paid any interest or specified return on any Capital Contribution other than as provided herein.
Additional Contributions; Interest. No Member shall be obligated to make any additional Capital Contribution. No Member shall be permitted to make any additional Capital Contribution without the prior consent of the Board of Managers. In connection with an additional Capital Contribution by an existing Member, each other Member shall have the right to make an additional Capital Contribution so that the Member shall have the same percentage ownership of the Company after all Members have made the additional Capital Contributions contemplated in this sentence as it had immediately prior to such additional Capital Contributions. Upon any additional Capital Contribution made by any Member, the number of Membership Shares held by such Member shall be adjusted consistent with the terms of this section and in the manner determined by the Board of Managers and shall be set forth on an amendment to the Member Register. No Member has any obligation to restore a deficit balance in such Member's Capital Account, if any, or in the Company's balance sheet, or to make any contributions to the Company in order to restore such deficit balance. No Member shall be paid interest on any Capital Contribution.