Effect of Default on Remaining Interest in Company. (a) The Company, in its sole discretion, may determine that no additional capital contribution shall be accepted from a Defaulting Member, in which case the Company shall so notify the Defaulting Member and, following the date that such notice is given to the Defaulting Member, the Company shall not call for additional capital contributions from such Defaulting Member.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (TCW Spirit Direct Lending LLC), Limited Liability Company Agreement (TCW Star Direct Lending LLC), Limited Liability Company Agreement (TCW Direct Lending VIII LLC)
Effect of Default on Remaining Interest in Company. (a) The Company, in its sole and good faith discretion, may determine that no additional capital contribution shall be accepted from a Defaulting Member, in which case the Company shall so notify the Defaulting Member and, following the date that such notice is given to the Defaulting Member, the Company shall not call for additional capital contributions from such Defaulting Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (TCW Direct Lending LLC)
Effect of Default on Remaining Interest in Company. (a) The Company, in its sole discretion, may determine that no additional capital contribution shall be accepted from a Defaulting Member, in which case the Company shall so notify the Defaulting Member and, following the date that such notice is given to the Defaulting Member, the Company shall not call for additional capital contributions from such Defaulting Member.. Confidential & Proprietary Subject to Completion
Appears in 1 contract
Samples: Limited Liability Company Agreement (TCW Direct Lending LLC)
