Common use of Capital and Loans Clause in Contracts

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $100. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 12 contracts

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

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Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $100. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's ’s capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Neighborhoods Capital, LLC)

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $100200,000. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $100200,000. B. The Member may make additional contributions or loans to the company Company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $1002,000,000. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $100. B. The Member may make additional contributions or loans to the company Company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's ’s capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 1 contract

Samples: Operating Agreement (Stanley-Martin Communities, LLC)

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $100. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's capacity as Member) Member to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

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Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $1004,000,000. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $1001,000,000. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit of any creditor or person (other than a Member in such Member's capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Capital and Loans. A. The Member has made an initial capital contribution to the Company in the amount of $100200,000. B. The Member may make additional contributions or loans to the company at such time or times, and upon such conditions, as the Member may determine. C. The provisions of this Section 9 are not intended to be for the benefit benefit; of any creditor or person (other than a Member in such Member's capacity as Member) to whom any debts, liabilities or obligations are owed by the Company or by its Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

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