Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 75 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 68 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, : (1) no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority ; and (2) any additional contributions are valid so long as made in any manner set forth in Section 1552 of the membership interests agreeAct. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interestinterest and comply with Section 1706.28 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, : (1) no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority ; and (2) any additional contributions are valid so long as made in any manner set forth in Section 605.0402 of the membership interests agreeAct. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interestinterest and comply with Section 1706.28 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests Members vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 2 contracts
Samples: Multi Member Limited Liability Company Operating Agreement, Operating Agreement