Capital Contributions Capital Accounts and Liability of Members. (a) Each Member has contributed in cash to the capital of the LLC the amount set forth opposite such Member’s name on Schedule A, hereto. Additional capital contributions may be made by any Member if agreed to by all Members. Except as otherwise provided in this Section 7, no Member shall be obligated or permitted to contribute any additional capital to the LLC. No interest shall accrue on any contributions to the capital of the LLC, and no Member shall have the right to withdraw or be repaid any capital con- tributed by it or to receive any other payment in respect of its interest in the LLC, including, without limitation, as a result of the withdrawal or resignation of such Member from the LLC, except as specifically provided in this Agreement.
Capital Contributions Capital Accounts and Liability of Members. (a) Each Member has contributed in cash to the capital of the LLC the amount set forth opposite such Member’s name on Schedule A under the heading “Initial Contribution”. Additional capital contributions may be made by any Member if agreed to by the Manager and the holders of a majority of the outstanding Shares or if permitted by Section 2(d)(xi), and shall be reflected on Schedule A hereto. The Manager shall have the right to amend Schedule A to reflect the admission of additional Members in accordance with this Agreement. The Manager shall furnish promptly to each of the Members any revisions to Schedule A that may be effected.
Capital Contributions Capital Accounts and Liability of Members. (a) The Member has contributed to the capital of the LLC the property set forth opposite such Member's name on SCHEDULE A hereto and the Member's percentage interest in the ownership of the LLC ("Percentage Interest"), is also set forth thereon.
Capital Contributions Capital Accounts and Liability of Members. (a) Capital contributions may be made by any Member if agreed to by all the Members in writing and, if so made, shall be reflected on Schedule A hereto. Additional capital contributions may be made by any Member if agreed to by all the Members and shall be reflected on an amendment to Schedule A hereto. (b) Except as otherwise provided in this Section 4, no Member shall be obligated or permitted to contribute any additional capital to the L.L.C.. No interest shall accrue on any contributions to the capital of the L.L.C., and no Member shall have the right to withdraw or to be repaid any capital contributed by it or to receive any other payment in respect of its interest in the L.L.C., including, without limitation, as a result of the withdrawal or resignation of such Member from the L.L.C., except as specifically provided in this Agreement. (c) A separate capital account (a "Capital Account") shall be established for each Member, and shall be maintained in accordance with applicable regulations under the Internal Revenue Code of 1986, as amended (the "Code"). To the extent consistent with such regulations, there shall be credited to each Member's capital account the amount of any contribution of capital made by such Member to the L.L.C. plus such Member's share of the net profits of the L.L.C. (including income and gain exempt from tax), and there shall be charged against each Member's capital account the amount of all distributions to such Member plus such Member's share of the net losses of the L.L.C. (including allocations of L.L.C. expenditures described in Code Section 705(a)(2)(B)). (d) The liability of the Members for the losses, debts and obligations of the L.L.C. shall be limited to their capital contributions. No Member, in his, her or its capacity as a Member, shall have any liability to restore any negative balance in his, her, or its Capital Account. In no event shall any Member, in his, her, or its capacity as a Member, be personally liable for any liabilities or obligations of the L.L.C.. (e) All assets of the L.L.C. are property of the L.L.C. and no Member shall have severable rights or interests in such property except by agreement of all of the Members. 5.
Capital Contributions Capital Accounts and Liability of Members. (a) Member previously contributed to the Company cash in the amount set forth on Exhibit A attached hereto.
Capital Contributions Capital Accounts and Liability of Members. (a) Each Member has contributed in cash to the capital of the LLC the amount set forth opposite such Member’s name on Schedule A hereto. Additional capital contributions may be made by any Member if agreed to by the Members and shall be reflected on Schedule A hereto.
Capital Contributions Capital Accounts and Liability of Members
