Admission of Additional Members; Capital Contributions Sample Clauses

Admission of Additional Members; Capital Contributions. (a) Subject to Section 3.1(b), the Sponsor may, at any time and from time to time, admit one or more purchasers of Units as additional Members to the Platform as well as permit Members to make additional Capital Contributions through the purchase of Units, without the consent of the other Members. Capital Contributions must be made in cash. (i) Without limiting any other remedy available to the Platform, if a Person fails, in part or in whole, to make a Capital Contribution by the close of business on the day that such Capital Contribution was due to be received (so that it could be invested in the Series selected by such Person for such Capital Contribution) the Sponsor may, but shall have no obligation to, take any action, at the expense of the Platform, which the Sponsor may deem necessary or advisable in an attempt to collect from such Person the costs and expenses incurred, if any, in connection with such default and collection; provided, that the Sponsor may determine to allocate all or a portion of such costs and expenses equally among all Capital Accounts of the applicable Series outstanding for the then current Accounting Period. (ii) Upon admission to the Platform, whether as a result of a Capital Contribution or Transfer, each new Member shall, by written Subscription Agreement or another instrument or instruments satisfactory to the Sponsor, become bound by and subject to all of the terms and conditions of this Agreement. (iii) The amount of each new Member’s initial Capital Contribution(s) shall be set forth in such new Member’s Subscription Agreement. An existing Member which makes additional Capital Contributions need not complete a new Subscription Agreement for each additional new Capital Contribution, unless otherwise requested by the Sponsor; provided, however, that all agreements, covenants, representations and warranties made by such Member in its original Subscription Agreement shall be deemed to be ratified and reaffirmed at the time such Member makes an additional Capital Contribution, and that such Member may be requested to submit a short-form confirmation of the foregoing. (iv) Under no circumstances shall the Sponsor have any obligation to accept any Capital Contribution from any Person, whether or not an existing Member. (v) No Member shall have any pre-emptive rights or rights of first refusal with respect to the issuance of additional Units. (b) No Member shall be admitted, whether as a result of a Capital Contribution or Tra...
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Related to Admission of Additional Members; Capital Contributions

  • Admission of Additional Members One or more additional members of the Company may be admitted to the Company with the written consent of the Member.

  • 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.

  • 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.

  • 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.

  • Admission of Additional Partners After the Private Placement of the Units of Limited Partnership Interest has been terminated by the General Partner, no additional General Partner will be admitted to the Partnership except as described in Paragraph 18(c). The General Partner may take such actions as may be necessary or appropriate at any time to offer new Units or partial Units of Limited Partnership Interest and to admit new or substituted Limited Partners to the Partnership. All subscribers who have been accepted by the General Partner shall be deemed admitted as Limited Partners at the time they are reflected as such in the books and records of the Partnership.

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

  • Capital Contributions and Issuance of Partnership Interests Section 5.1

  • 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.

  • Member Capital Contributions (Check One)

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