Common use of Capital Commitment Clause in Contracts

Capital Commitment. The Capital Commitment with respect to any Limited Partner is his obligation to contribute the aggregate amount to be paid for the Units (computed at the rate of $5,000.00 per Unit) subscribed for by him pursuant to his Subscription Agreement and set opposite his name on the signature page attached to this Agreement, and with respect to the General Partner, is its obligation to make its original Capital Contribution pursuant to Section 3.1 hereof.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)

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Capital Commitment. The Capital Commitment with respect to any ------------------- Limited Partner is his obligation to contribute the aggregate amount to be paid for the Units (computed at the rate of $5,000.00 per Unit) subscribed for by him pursuant to his Subscription Agreement and set opposite his name on the signature page attached to this Agreement, and with respect to the General Partner, is its obligation to make its original Capital Contribution pursuant to Section 3.1 hereof.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc), Limited Partnership Agreement (Flanigans Enterprises Inc)

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