Common use of Failure to Contribute Capital Clause in Contracts

Failure to Contribute Capital. If any Partner fails to make a Capital Contribution that is required pursuant to Section 3.2.2 hereof by the date such contribution is due and such failure continues for ten (10) days after written notice from any other Partner who has not failed to make its Capital Contribution (any such failing Partner shall be a “Defaulting Partner” and the amount of the failed contribution shall be the “Default Amount”), then, such failure shall be deemed an Event of Default hereunder and in addition to its other rights and remedies set forth herein, the non-defaulting Partners shall have one or more of the following remedies:

Failure to Contribute Capital. If any Partner fails to make a Capital Contribution that is required pursuant to Section 3.2.2 hereof by the date such contribution is due and such failure continues for ten (10) days after written notice from any other Partner who has not failed to make its Capital Contribution (any such failing Partner shall be a “Defaulting Partner” and the amount of the failed contribution shall be the “Default Amount”), then, such failure shall be deemed an Event of Default a default hereunder and in addition to its other rights and remedies set forth herein, the non-defaulting Partners shall have one or more of the following remedies:

Failure to Contribute Capital. If any Partner fails to make a Capital Contribution that is required pursuant to Section 3.2.2 hereof by the date such contribution is due and such failure continues for ten (10) days after written notice from any other Partner who has not failed to make its Capital Contribution (any such failing Partner shall be a “"Defaulting Partner” " and the amount of the failed contribution shall be the “"Default Amount”"), then, such failure shall be deemed an Event of Default a default hereunder and in addition to its other rights and remedies set forth herein, the non-defaulting Partners shall have one or more of the following remedies: