Common use of Capital Calls; Default of Member Clause in Contracts

Capital Calls; Default of Member. Although the Manager intends to raise sufficient money from Investors in order to make Loans to Borrowers, it is possible that the Manager may make a capital call in order to raise Additional Capital Contributions with which to achieve the Company’s objectives and policies as outlined in the Memorandum.

Appears in 8 contracts

Samples: Company Agreement (Tulsa Real Estate Fund, LLC), Company Agreement (111 Crowdfunding LLC), Company Agreement (Tulsa Real Estate Fund, LLC)

AutoNDA by SimpleDocs

Capital Calls; Default of Member. Although the Manager intends to raise sufficient money from Investors in order to purchase Properties or to make Loans to Borrowers, it is possible that the Manager may make a capital call in order to raise Additional Capital Contributions with which to achieve the Company’s objectives and policies as outlined in the Memorandum.

Appears in 5 contracts

Samples: Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC)

Capital Calls; Default of Member. Although the Manager intends to raise sufficient money from Investors in order to make Loans to Borrowerspurchase, rehab, manage and dispose of properties, it is possible that the Manager may make a capital call in order to raise Additional Capital Contributions with which to achieve the Company’s objectives and policies as outlined in the MemorandumArticles 1.9 and 1.10 above.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC)

AutoNDA by SimpleDocs

Capital Calls; Default of Member. Although the Manager intends to raise sufficient money from Investors in order to make Loans to Borrowerspurchase, rehab, manage and dispose of properties, it is possible that the Manager may make a capital call in order to raise Additional Capital Contributions with which to achieve the Company’s objectives and policies as outlined in the MemorandumArticles 1.9 and 1.10 above.

Appears in 1 contract

Samples: Company Agreement (Tulsa Real Estate Fund, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.