Common use of Capital Contribution Events Clause in Contracts

Capital Contribution Events. (a) Notwithstanding anything in Sections 3.5, 5.4 and 5.7 to the contrary, in the event the Board determines in good faith that additional Capital Contributions from the Members are necessary to fund the Company’s operations (a “Capital Contribution Event”), the Board may issue a notice to each Member (such notice, together with a notice under Section 5.14(b) for a Unilateral Capital Contribution Event, a “Call Notice”) for an additional Capital Contribution by each Member (together with a Unilateral Capital Contribution Event under Section 5.14(b), a “Required Contribution”) in an amount equal to such Member’s pro rata portion (based on Percentage Interest of Units) of the additional Capital Contribution determined to be necessary by the Board not less than fifteen (15) days prior to the date the Board determines such additional Capital Contributions shall be made by the Members.

Capital Contribution Events. (a) Notwithstanding anything in Sections 3.5, 5.4 and 5.7 Section 5.3(c) to the contrary, in the event the Board determines in good faith that additional Capital Contributions from the Members Limited Partners are necessary to fund the CompanyPartnership’s operations (a “Capital Contribution Event”), the Board may issue a notice to each Member Limited Partner (such notice, together with a notice under Section 5.14(b5.9(b) for a Unilateral Capital Contribution Event, a “Call Notice”) for an additional Capital Contribution by each Member Limited Partner (together with a Unilateral Capital Contribution Event under Section 5.14(b5.9(b), a “Required Contribution”) in an amount equal to such MemberLimited Partner’s pro rata portion (based on Percentage Interest of Units) of the additional Capital Contribution determined to be necessary by the Board not less than fifteen (15) days prior to the date the Board determines such additional Capital Contributions shall be made by the MembersLimited Partners.