FAILURE TO CONTRIBUTE. If a Member (the “Defaulting Member“) fails to make such Member’s Additional Capital Contribution within the time period prescribed in Section 5.2(g), and the other Member (the “Non‑Defaulting Member”) has made its Additional Capital Contribution in accordance with this Agreement, the Non-Defaulting Member shall notify the Defaulting Member of said failure and the Non‑Defaulting Member shall have the right, but not the obligation, to:
Appears in 2 contracts
Samples: Operating Agreement (Inland Real Estate Corp), Operating Agreement (Inland Real Estate Corp)
FAILURE TO CONTRIBUTE. If a Member (the “Defaulting Member“) fails to make such Member’s Additional Capital Contribution within the time period prescribed in Section 5.2(g), and the other Member (the “Non‑Defaulting Non-Defaulting Member”) has made its Additional Capital Contribution in accordance with this Agreement, the Non-Defaulting Member shall notify the Defaulting Member of said failure and the Non‑Defaulting Non-Defaulting Member shall have the right, but not the obligation, to:
Appears in 1 contract
FAILURE TO CONTRIBUTE. If a Member (the “Defaulting Member“”) fails to make such Member’s Additional Capital Contribution within the time period prescribed in Section 5.2(g), and the other Member (the “Non‑Defaulting Non-Defaulting Member”) has made its Additional Capital Contribution in accordance with this Agreement, the Non-Defaulting Member shall notify the Defaulting Member of said failure and the Non‑Defaulting Non-Defaulting Member shall have the right, but not the obligation, to:
Appears in 1 contract
FAILURE TO CONTRIBUTE. If a Member (the “Defaulting Member“) fails to make such Member’s Additional Capital Contribution within the time period prescribed in Section 5.2(g), and the other Member (the “Non‑Defaulting Non-Defaulting Member”) has made its Additional Capital Contribution in accordance with this Agreement, the Manager shall so inform the Defaulting Member and the Non-Defaulting Member, and the Non-Defaulting Member shall notify the Defaulting Member of said failure and the Non‑Defaulting Member shall thereupon have the right, but not the obligation, to:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Inland Retail Real Estate Trust Inc)
