Capital Contributions; Issuance of Units. (a) No Member shall be obligated to make any additional Capital Contributions to the Company or to pay any assessment to the Company, other than the unpaid portion of such Member’s written agreement to make Capital Contributions, and no Units shall be subject to any mandatory assessment, requests or demands for capital.
Appears in 6 contracts
Samples: Member Control Agreement (Granite Falls Energy, LLC), Member Control Agreement, Member Control Agreement (Heron Lake BioEnergy, LLC)
Capital Contributions; Issuance of Units. (a) No Member shall be obligated to make any additional Capital Contributions to the Company or to pay any assessment to the Company, other than the unpaid portion of such Member’s 's written agreement to make Capital Contributions, and no Units shall be subject to any mandatory assessment, requests or demands for capital.
Appears in 1 contract
Samples: Operating Agreement
