Common use of Call for Funds Clause in Contracts

Call for Funds. The Partners recognize that additional funds may be required for the operations of the Hospitals. The funds may be obtained by cash contributions of the Partners or by loans obtained by the Partnership or by any other means. When additional funds by way of cash contributions to capital are required to meet current Partnership obligations or to pay operating costs, the additional funds shall be called for and shall be contributed by the Partners in proportion to their Percentage Interest in the Partnership. Such contribution shall be in cash.

Appears in 4 contracts

Samples: General Partnership Agreement (UHS of Timberlawn, Inc.), General Partnership Agreement (UHS of Timberlawn, Inc.), General Partnership Agreement (Psychiatric Solutions Inc)

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