Capital Contributions at Subsequent Closings for Investments Sample Clauses

Capital Contributions at Subsequent Closings for Investments. (i) Subject to Section 3.2, each Partner that is admitted or increases its percentage Capital Commitment at a Subsequent Closing shall make a Capital Contribution to the Partnership at such Subsequent Closing (or on such later date as specified by the General Partner) equal to its pro rata share (based upon Partners’ Capital Commitments) of the aggregate amount, if any, of all Capital Contributions previously contributed by Partners for the making of any Investment then still held by the Partnership, less such amount as is necessary to take into account any distributions previously made by the Partnership as determined by the General Partner in its reasonable discretion, plus an Additional Amount on each portion of such Capital Contribution calculated from the date of each such previous Capital Contribution to such date (taking into account any distributions previously made by the Partnership as determined by the General Partner in its reasonable discretion), prorated based upon the actual number of days elapsed. The General Partner may in its sole discretion (x) distribute the proceeds from such Capital Contributions and Additional Amounts among the Partners that were admitted at prior closings (in proportion to the difference between the Capital Contributions that each such Partner has already made for such Investments and such Partner’s Pro Rata Share of such amounts after giving effect to such admission or increase) or (y) retain such proceeds and apply them against such Partners’ future obligations to fund Capital Contributions or Direct Payments (in such same proportions).
Sample 1
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Related to Capital Contributions at Subsequent Closings for Investments

  • 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.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Member Capital Contributions (Check One) ☐ - Single Member LLC: The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. ☐ - Multi-Member LLC: Each Member has contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions: $ $ $ Members shall have no right to withdraw or reduce their contributions to the capital of the Company until the Company has been terminated unless otherwise set forth herein. Members shall have no right to demand and receive any distribution from the Company in any form other than cash and members shall not be entitled to interest on their capital contributions to the Company. The liability of any Member for the losses, debts, liabilities and obligations of the Company shall be limited to the amount of the capital contribution of each Member plus any distributions paid to such Member, such Member’s share of any undistributed assets of the Company; and (only to the extent as might be required by applicable law) any amounts previously distributed to such Member by the Company.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

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

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Rollover Contributions and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

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