Common use of Capital Contributions of Limited Partner Clause in Contracts

Capital Contributions of Limited Partner. (a) Upon execution of this Agreement, the Limited Partner shall contribute $10,000 as its initial capital contribution to the Partnership. (b) No further capital contributions shall be required of the Limited Partner, and the Limited Partner shall not be required to make any loans to the Partnership. At the written request of the General Partner and the consent of the Limited Partner, the Limited Partner may make an additional capital contribution. (c) The Limited Partner understands that time is of the essence with respect to such capital contribution. In addition to any other appropriate remedies available to the General Partner, the Limited Partner shall not at any time be entitled to any distributions from the Partnership if it fails to make any capital contributions to the Partnership when same are due under the terms of this Agreement.

Capital Contributions of Limited Partner. (a) Upon execution of this Agreement, the Limited Partner shall contribute $10,000 as its initial to the Partnership, representing total capital contribution to the Partnership. (b) No further capital contributions shall be required of the Limited Partner, except to the extent requested by the General Partner from the Limited Partner and the Limited Partner agrees to make such contributions to the Partnership. The Limited Partner shall not be required to make any loans to the Partnership. At the written request of the General Partner and the consent of the Limited Partner, the Limited Partner may make an additional capital contribution. (c) The Limited Partner understands that time is of the essence with respect to such capital contribution. In addition to any other appropriate remedies available to the General Partner, the Limited Partner shall not at any time be entitled to any distributions from the Partnership if it fails to make any capital contributions to the Partnership when same are due under the terms of this Agreement.

Capital Contributions of Limited Partner. (a) Upon execution of this Agreement, the Limited Partner shall contribute $10,000 assign all of its rights to and obligations of the Property to the Partnership as its initial capital contribution to the Partnership. (b) On October 28, 2002, or at such subsequent time as agreed upon by the General Partner and the Limited Partner, the Limited Partner shall contribute an additional $4,999,000, representing total capital contributions by the Limited Partner to the Partnership in the amount of $5,000,000. (c) No further capital contributions shall be required of the Limited Partner, and the Limited Partner shall not be required to make any loans to the Partnership. At the written request of the General Partner and the consent of the Limited Partner, the Limited Partner may make an additional capital contribution. (cd) The Limited Partner understands that time is of the essence with respect to such capital contribution. In addition to any other appropriate remedies available to the General Partner, the Limited Partner shall not at any time be entitled to any distributions from the Partnership if it fails to make any capital contributions to the Partnership when same are due under the terms of this Agreement.

Capital Contributions of Limited Partner. (a) Upon execution of this Agreement, the Limited Partner shall contribute $10,000 as its initial capital contribution to the Partnership. (b) No further capital contributions shall be required of the Limited Partner, except to the extent requested by the General Partner and the Limited Partner agrees to make such contribution to the Partnership. The Limited Partner shall not be required to make any loans to the Partnership. At the written request of the General Partner and the consent of the Limited Partner, the Limited Partner may make an additional capital contribution. (c) The Limited Partner understands that time is of the essence with respect to such capital contribution. In addition to any other appropriate remedies available to the General Partner, the Limited Partner shall not at any time be entitled to any distributions from the Partnership if it fails to make any capital contributions to the Partnership when same are due under the terms of this Agreement.

Capital Contributions of Limited Partner. (a) Upon execution of this Agreement, the Limited Partner shall contribute $10,000 4,000,000 as its initial capital contribution to the Partnership. (b) No further capital contributions shall be required of the Limited Partner, and the Limited Partner shall not be required to make any loans to the Partnership. At the written request of the General Partner and the consent of the Limited Partner, the Limited Partner may make an additional capital contribution. (c) The Limited Partner understands that time is of the essence with respect to such capital contribution. In addition to any other appropriate remedies available to the General Partner, the Limited Partner shall not at any time be entitled to any distributions from the Partnership if it fails to make any capital contributions to the Partnership when same are due under the terms of this Agreement.