Additional Members; Additional Capital Contributions Sample Clauses

Additional Members; Additional Capital Contributions. (a) No Person shall be admitted to the Company as an additional Member without the written consent of the Board of Managers, which consent may be granted or withheld in the absolute and unreviewable discretion of the Board of Managers. (b) No Member shall be obligated to make any additional Capital Contributions to the Company; provided, however, the foregoing does not diminish Xspand’s guaranty of the Company’s Put Right obligations set forth in Section 7.02 hereof.
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Additional Members; Additional Capital Contributions. The Member may not admit additional members to the Company unless and until this Agreement is amended and restated or another limited liability company agreement which supersedes this Agreement is entered into between the Member and such new member(s). The Member shall not be obligated to make any additional Capital Contributions to the Company.
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Additional Members; Additional Capital Contributions. 1. No Person shall be admitted to the Company as an additional Member without the consent of Members holding at least a majority of the Membership Interests of the Company. 2. No Member shall be obligated to make any additional Capital Contributions to the Company. However, if a Member shall make contributions to the Company in addition to the Capital Contributions set forth on Exhibit A attached hereto opposite such Member’s name, such contributions shall, absent a different understanding between the Member and the Company, be considered a short-term loan from the Member to the Company, which loan shall bear interest (compounded on a daily basis based on a 365 day year) at the Prime Rate plus two hundred (200) basis points, per annum, and shall have such other commercially reasonable arm’s length terms as are mutually agreed upon by the Company and the Member. Such additional contributions (other than an additional Capital Contribution that is pro rata, among all existing Members) shall only be made with the consent of Members holding at least a majority of the Membership Interests of the Company.
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Related to Additional Members; Additional Capital Contributions

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Additional Members One or more additional members may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional members to the Company, the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional members. Each additional member shall execute and deliver a supplement or counterpart to this Agreement, as necessary.

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

  • Member Capital Contributions (Check One)

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

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