Common use of Agreed Capital Contributions Clause in Contracts

Agreed Capital Contributions. Each initial Member shall contribute to the capital of the Company the contribution set forth opposite such Member’s name on the attached Exhibit “A”. Any Person issued a membership interest in the Company after the formation of the Company shall contribute to the capital of the Company the contribution, if any, approved as provided in Section 2.2. A Person’s obligation to contribute to the capital of the Company may be released or settled only by the affirmative vote or Written consent of all Members.

Appears in 2 contracts

Samples: Model Company Agreements, Limited Liability Company Agreement

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Agreed Capital Contributions. Each initial Member shall agrees to contribute to the capital of the Company the contribution set forth opposite such Member’s name on the attached Exhibit “A”. A. Any Person issued a membership interest in the Company after the formation of the Company shall contribute to the capital of the Company the contribution, if any, approved as provided in Section 2.2. A Person’s obligation to contribute to the capital of the Company may be released or settled only by the affirmative vote or Written consent of all Members.

Appears in 2 contracts

Samples: Company Agreement, Company Agreement

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Agreed Capital Contributions. Each initial Member shall agrees to contribute to the capital of the Company the contribution set forth opposite such Member’s name on the attached Exhibit “A”. Any Person issued a membership interest in the Company after the formation of the Company shall contribute to the capital of the Company the contribution, if any, approved as provided in Section 2.2. A Person’s obligation to contribute to the capital of the Company may be released or settled only by the affirmative vote or Written consent of all Members.

Appears in 2 contracts

Samples: Model Company Agreements, Limited Liability Company Agreement

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