Capital Contributions Loans. 6 3.1 Capital Contributions and Loans.................................6 3.2
Capital Contributions Loans. Following the execution of this Agreement, the Member intends to contribute $1,000 to the capital of the Company. Without creating any rights in any third party, the Member may, but shall not be required to, make additional contributions to the capital of the Company from time-to-time. In addition to its capital contributions, the Member may from time-to-time loan or advance funds to or for the benefit of the Company.
Capital Contributions Loans. AND LIABILITIES ---------------
Capital Contributions Loans. AND LIABILITIES 6.1 Initial Capital Contributions of the Partners . . . . . 51 6.2
Capital Contributions Loans. On execution of this Agreement, each Initial Member agrees to contribute cash or property to the Company in the amount set forth on attached Exhibit A. Any Member may make a loan to the Company on commercially reasonable terms on approval of the terms by the Manager. Loans by a Member shall not be considered capital contributions.
Capital Contributions Loans. (a) Upon execution of this Agreement, each Member agrees to contribute cash or other property to the Company in the amount set forth as the Capital Contribution of such Member on Schedule I, attached hereto. Any non-cash property contributed shall be deemed to have the value set forth in Schedule I. For this purpose, the initial Members intend to contribute equal amounts of cash and or services until the Company has sufficient assets to undertake its primary business purpose as set forth in Section 2.6(a).
Capital Contributions Loans. 12 SECTION 3.1 PARTNERS............................................... 12 -------- SECTION 3.2 ADDITIONAL CAPITAL CONTRIBUTIONS....................... 12 -------------------------------- SECTION 3.3 WITHDRAWAL OF CAPITAL.................................. 12 --------------------- SECTION 3.4 LOANS.................................................. 13 -----
Capital Contributions Loans. 2 Section 3.1 - Capital............................................................ 2 Section 3.2 - Interest........................................................... 2 Section 3.3 - Additional Required Funds.......................................... 2 Section 3.4 - Loans.............................................................. 3 Section 3.5 - Distributions and Withdrawals...................................... 3 Section 3.6 - Subsequent Partners................................................ 3
Capital Contributions Loans. A Joint Venturer fails to make any Capital Contribution hereunder, or loans in lieu thereof pursuant to Section 3.5.1 when and as due.
Capital Contributions Loans. CAPITAL ACCOUNTS
