Common use of Elective Contributions Clause in Contracts

Elective Contributions. If the Company desires additional capital for any reason other than as set forth in Section 2.1 (an “Elective Contribution”) it shall submit such request to the Board for Supermajority Approval. Except as set forth in Section 2.1, no dues or assessments to be paid by, or capital contributions to be made by, the Owners to the Company shall be required without Supermajority Approval. Except as agreed to by the Owners in writing, no contribution of capital pursuant to this Section 2.2 shall affect an Owner’s Ownership Percentage. If the Board (pursuant to Supermajority Approval) determines that an Elective Contribution shall be given in exchange for a promissory note issued by the Company, it shall be on terms determined by the Board (pursuant to Supermajority Approval).

Elective Contributions. If the Company desires additional capital for any reason other than as set forth in Section 2.1 (an “Elective Contribution”) it shall submit such request to the Board for Supermajority Approval. Except as set forth in Section 2.1, no dues or assessments to be paid by, or capital contributions to be made by, the Owners to the Company shall be required without Supermajority Approval. Except as agreed to by the Owners in writing, no contribution of capital pursuant to this Section 2.2 shall affect an Owner’s Ownership Percentage. If the Board (pursuant to Supermajority Approval) determines that an Elective Contribution shall be given in exchange for a promissory note issued by the Companynote, it shall be on terms determined by the Board (pursuant to Supermajority Approval).

Elective Contributions. If the Company desires additional capital for any reason other than as set forth in Section 2.1 (an “Elective Contribution”) it shall submit such request to the Board for Supermajority Approval. Except as set forth in Section 2.1, no dues or assessments to be paid by, or capital contributions to be made by, HoldCo or the Owners to the Company shall be required without Supermajority Approval. Except as agreed to by the Owners in writing, no contribution of capital pursuant to this Section 2.2 shall affect an Owner’s Ownership Percentage. If the Board (pursuant to Supermajority Approval) determines that an Elective Contribution shall be given in exchange for a promissory note (which would be issued by HoldCo with the loan proceeds contributed to the Company), it shall be on terms determined by the Board (pursuant to Supermajority Approval).