Capital Contributions and Loans Generally Sample Clauses

Capital Contributions and Loans Generally. Except to the extent otherwise expressly provided in this Agreement or by law: no Member shall be obligated to contribute capital or make loans to the Company no Member may withdraw any part of its capital from the Company; and loans by a Member to the Company shall not be considered a Capital Contribution, shall not increase the Capital Account of the lending Member, and shall not result in the adjustment of any Member’s Membership Interest in the Company, and the repayment of such loans by the Company shall not decrease the Capital Account of the Member making the loans.
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Capital Contributions and Loans Generally. Except to the extent otherwise expressly provided in this Agreement or by law:
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Capital Contributions and Loans Generally. Except as provided in Sections 2.1, 2.2, 2.8, and 3.4 hereof or to the extent that a Partner agrees to make an Additional Capital Contribution or to purchase securities from the Partnership, (a) no Partner shall be required to contribute any capital to the Partnership or to restore any deficit in its or his Capital Account; (b) no Partner may withdraw any part of its or his capital from the Partnership; (c) no Partner shall be required to make any loans to the Partnership; (d) loans by a Partner to the Partnership shall not be considered a contribution of capital (except upon the conversion of loans pursuant to Section 2.8(e)), shall not increase the Capital Account of the lending Partner, and shall not result in the adjustment of any Partner’s Percentage Interest in the Partnership and the repayment of such loans by the Partnership or decrease the Capital Account of the Partner making the loans; (e) no interest shall be paid on any capital contributed to the Partnership by any Partner; and (f) under any circumstances requiring a return of all or any portion of a Capital Contribution, no Partner shall have the right to receive property other than cash. Any non-cash contribution to the capital of the Partnership shall be valued at its fair market value as determined in the reasonable judgment of the General Partner. Without limiting the General Partner’s discretion to make such valuation, the Partners agree that the valuation given to any non-cash contribution (other than the non-cash portion, if any, of the General Partner’s Initial Capital Contribution, which shall be treated as provided in Section 2.2(b)) by an independent appraiser reasonably acceptable to the General Partner and a majority in interest of the Partners other than the General Partner and its Affiliates or, in the case of services or property obtained from Persons who are not Affiliates of the General Partner, the cost as invoiced of such services or property, shall be conclusively deemed a reasonable fair value and the use of such valuation by the General Partner a reasonable exercise of his discretion.
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Capital Contributions and Loans Generally. Except to the extent otherwise expressly provided in this Agreement or by law: no Member shall be obligated to contribute capital or make loans to the Company no Member may withdraw any part of its capital from the Company; and loans by a Member to the Company shall not be considered a Capital Contribution, shall not increase the Capital Account of the lending Member, and shall not result in the adjustment of any Member’s Membership Interest in the Company, and the repayment of such loans by the Company shall not decrease the Capital Account of the Member making the loans. Capital Account. A Capital Account shall be established and maintained for each Member on the books and records of the Company in accordance with this Section 4.6. Each Member’s Capital Account shall be: increased by (A) the amount of money contributed by that Member to the Company, (B) the fair market value of property contributed or deemed contributed by that Member to the Company (net of liabilities secured by the contributed property that the Company is considered to assume or take subject to under Section 752 of the Code), and (C) allocations to that Member of Company Net Profit pursuant to Section 7.1 and any items of income and gain that are specially allocated to that Member pursuant to Section 7.2; and decreased by (A) the amount of money distributed to that Member by the Company, (B) the fair market value of property distributed to that Member by the Company (net of liabilities secured by the distributed property that the Member is considered to assume or take subject to under Section 752 of the Code), and (C) allocations to that Member of Company Net Loss pursuant to Section 7.1 and any items of loss and deduction that are specially allocated to that Member pursuant to Section 7.2. Each Member’s Capital Account also shall be maintained and adjusted as permitted by the provisions of Treasury Regulation Section 1.704-1(b)(2)(iv)(f) and as required by the other provisions of Treasury Regulations Sections 1.704-1(b)(2)(iv) and 1.704-1(b)(4). On the transfer of all or part of a Membership Interest, the Capital Account of the transferor that is attributable to the transferred Membership Interest or part thereof shall carry over to the transferee Member in accordance with the provisions of Treasury Regulation Section 1.704-1(b)(2)(iv)(l). Any fees, salaries or similar compensation payable to a Member, if any, pursuant to this Agreement shall be deemed a guaranteed payment for federal...
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Related to Capital Contributions and Loans Generally

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • 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.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

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