Capital Call Provisions Sample Clauses

Capital Call Provisions. If at any time (or from time to time) additional funds in excess of the initial capital contributions (“Required Additional Capital Contributions”) are required by the Company for or in respect of any of its obligations, expenses, costs or liabilities (including, but not limited to, payment of operating expenses and any reserves that the Manager deems necessary or appropriate), the Manager may notify each Member of such fact and request that each Member make a Required Additional Capital Contribution to the Company (pro rata, in proportion to each Member’s respective Company interest) in the aggregate of the total amount of funds required. Each capital call shall specify the reason and related expenses of such capital call. Each Member shall be obligated to make its Required Additional Capital Contributions within forty-five (45) days after the delivery of the Manager’s notice. Such funds shall be deemed to be additional capital contributions of the Members and shall increase the Members’ respective capital accounts. Once the aggregate Required Additional Capital Contributions have reached Thousand Dollars ($ ,000), any capital call must be approved by the unanimous vote of the Members.
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Related to Capital Call Provisions

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  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

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