Common use of Defaulting Members Clause in Contracts

Defaulting Members. If any Member (a "Defaulting Member") fails to ------------------ ----------------- make full payment of any portion of any additional Capital Contribution called by the Managing Member pursuant to Section 3.5(c), the Managing Member may -------------- undertake any one or more of the following steps:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Stein Avy H), Limited Liability Company Agreement (Stein Avy H)

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Defaulting Members. If any Member (a "Defaulting Member") ------------------ ----------------- fails to ------------------ ----------------- make full payment of any portion of any additional Capital Contribution called by the Managing Member pursuant to Section 3.5(c), the Managing Member -------------- may -------------- undertake any one or more of the following steps:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stein Avy H)

Defaulting Members. If any Member (a "Defaulting Member") fails to ------------------ ----------------- to make full payment of any portion of any additional Capital Contribution called by the Managing Member pursuant to Section 3.5(c), the Managing Member -------------- may -------------- undertake any one or more of the following steps:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stein Avy H)

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Defaulting Members. If any Member (a "Defaulting MemberDEFAULTING MEMBER") fails to ------------------ ----------------- make full payment of any portion of any additional Capital Contribution called by the Managing Member pursuant to Section SECTION 3.5(c), the Managing Member may -------------- undertake any one or more of the following steps:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stein Avy H)

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