Additional Contributions or Loans. (a) Except for the Initial Capital Contributions and the AM Commitment Amount as set forth in Section 6.1 and as otherwise required pursuant to this Section 6.3, the Members shall not be required to make any additional Capital Contributions or loans to the Company in addition to the Initial Capital Contributions. If Managing Member reasonably determines that the Members shall make additional Capital Contributions or loans to the Company to fund a Working Capital Shortfall or a Preservation Cost of the Company or the TRS SUB (each, in the case of Working Capital Shortfalls, a “Mandatory Capital Contribution” and in the case of Preservation Cost, a “Member Loan”), then such Mandatory Capital Contribution or Member Loan shall be contributed or made, as applicable, by the Members in accordance with their respective Initial Participation Percentage. Managing Member shall deliver a notice (a “Cash Notice”) to each Member setting forth the amount of cash required from such Member (a “Required Amount”). Within the twenty (20) day period following the date of receipt by a Member of a Cash Notice, the Member shall contribute to the Company its Required Amount.
(b) If a Member (the “Non-Contributing Member”) shall fail to advance all or any part of its Required Amount within twenty (20) days after the date a Cash Notice is given pursuant to Section 6.3(a), the other Member which has funded its respective Required Amount (the “Contributing Member”) may elect (in its sole and absolute discretion), within ten (10) days after the Non-Contributing Member’s failure to fund, to advance directly to the Company the Required Amount not advanced by the Non-Contributing Member (the “Deficiency Amount”); provided that, if the Non-Contributing Member fails to fund (i) a Mandatory Capital Contribution for Working Capital Shortfalls, a Contributing Member may fund the Deficiency Amount as a loan to the Non-Contributing Member (which shall be treated as an additional Capital Contribution by the Non-Contributing Member of the Deficiency
Additional Contributions or Loans. Except as unanimously agreed upon by the Members of the Company as a whole, or the Members of a Series for the Series, no Member shall be obligated to make an additional capital contribution or loan to any Series or to the Company.
Additional Contributions or Loans. A Member associated with a Series shall be required to make such additional Capital Contributions or loans to the Company regarding such Series as determined by Voting Members associated with such Series owning a Majority Interest of such Series from time to time to be reasonably necessary to meet the expenses and obligations of such Series. After the making of any such determination, the Voting Members associated with such Series shall give written notice to each Member associated with such Series of the aggregate amount of required additional Capital Contributions or loan, and each Member associated with such Series shall deliver to theCompany its pro rata share thereof (in proportion to the respective Percentage Interest of the Member in such Series on the date such notice is given) no later than thirty (30) days following the date such notice is given. None of the terms, covenants, obligations or rights contained in this Section 8.02 is or shall be deemed to benefit any Person other than the Members associated with such Series and the Company regarding such Series, and, to the fullest extent permitted by law, no third party, including creditors of the Company or of any Series, shall under any circumstances have any right to compel any actions or payments by the Members.
Additional Contributions or Loans. Except as otherwise provided herein, no Member associated with a Series shall be required to make additional Capital Contributions or loans to the Company with respect to such Series. Notwithstanding the foregoing, a Member in its sole discretion may make an additional Capital Contribution to a Series, multiple Series, or the Company subject to the approval of the Fund Manager. To the fullest extent permitted by law, no third party, including creditors of the Company or of any Series, shall under any circumstances have any right to compel any actions or payments by the Members or the Fund Manager or the manager(s) associated with a Series.
Additional Contributions or Loans. Except as otherwise provided in this Agreement, no Person shall be required to contribute or lend money or property to the LLC. Notwithstanding the generality of the foregoing, if it is subsequently determined for federal income tax purposes by the Internal Revenue Service, a court of competent jurisdiction, or comparable authority, that the value of a Member's initial Capital Contribution is less than that which is reflected on Exhibit A hereto (a "Contribution Deficit"), such Member shall be obligated to contribute, within 90 days after the date of such determination, additional cash in an amount necessary to restore such Contribution Deficit.
Additional Contributions or Loans. The Member-Manager acknowledges that the income produced by the Company may be insufficient to pay all of the costs of operating the Company. If, as determined by the Member-Manager, additional funds are required to pay the costs of operating the Company, such additional funds may be raised through the Contributions of Additional Members, through debt financing, through additional contributions by the Member-Manager or as otherwise determined, at the sole discretion of the Member-Manager. Any additional Contributions by the Member-Manager shall be treated as additional Capital Contributions or loans, as determined by the Member-Manager.
Additional Contributions or Loans. Other than as provided in Section 3.1, 3.2, 3.3, 3.4 or 3.5 hereof, no Member shall be obligated to make any contributions or loans to the Company, to act as a guarantor, endorser or maker of any indebtedness of the Company or to permit such Member’s personal assets to be used as collateral for any indebtedness of the Company, unless such Member shall agree thereto in writing.
Additional Contributions or Loans. Members associated with the Series shall from time to time make additional capital contributions or loans to the Company for the Series, such as those determined by voting members who own a majority interest in that series, in order to fulfill the costs and obligations of that series. After making such a decision, the voting member associated with the Series shall give written notice relating to the full amount of the additional capital contributions or loan amounts required for each member associated with the Series, and each Member associated with the Series shall communicate to the Company the proportionality of the series (the member's proportionality on the date on which the notice was granted) (in proportion to each member's interest on the date on which such notice was granted) at the latest no later than 30 days (30 days) on the date on which such notice was granted. The terms, covenants, obligations or rights contained in section 8.02 of this Article will not be recognized in any way for the benefit of anyone other than the Member associated with the Series and the Company, and to the full extent permitted by law, the benefits of third parties, including those of the Company or the creditors of the Series, are not in the interests of any third party. Under no circumstances shall the Member have the right to impose any action or payment by the Member.
Additional Contributions or Loans. Except as provided above or in ARTICLE 6.2, no Member shall be obligated to make any additional contribution to the Company's capital or make additional Member loans.
