FAILURE TO CONTRIBUTE. If a Member (a “Delinquent Member”) does not contribute within three (3) days of the date required all or any portion of a Capital Contribution that Member is required to make as provided in this Company Agreement, the remaining Members in proportion to their Allocable Shares or in such other percentages as they may agree may make the Capital Contribution that the Delinquent Member failed to make and the Allocable Shares of the Members, including the Delinquent Member, shall be adjusted to reflect the Delinquent Member’s failure to make the Capital Contribution and the resulting increase in the Capital Accounts of the remaining Members and appropriate adjustments in the Members’ Company Interests.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Piedmont Natural Gas Co Inc), Limited Liability Company Agreement (Agl Resources Inc)
FAILURE TO CONTRIBUTE. If a Member (a “Delinquent Member”) does not contribute contribute, within three (3) 3 days of the date required required, all or any portion of a Capital Contribution that Member is required to make as provided in this Company Agreement, Agreement the remaining Members in proportion to their Allocable Shares or in such other percentages as they may agree may make the Capital Contribution that the Delinquent Member failed to make and the Allocable Shares of the Members, including the Delinquent Member, shall be adjusted to reflect the Delinquent Member’s failure to make the Capital Contribution and the resulting increase in the Capital Accounts of the remaining Members and appropriate adjustments in the Members’ Company Interests.,
Appears in 1 contract
Samples: Limited Liability Company Agreement (Agl Resources Inc)
FAILURE TO CONTRIBUTE. If a Member (a “"Delinquent Member”") does not contribute contribute, within three (3) 3 days of the date required required, all or any portion of a Capital Contribution that Member is required to make as provided in this Company Agreement, Agreement the remaining Members in proportion to their Allocable Shares or in such other percentages as they may agree may make the Capital Contribution that the Delinquent Member failed to make and the Allocable Shares of the Members, including the Delinquent Member, shall be adjusted to reflect the Delinquent Member’s 's failure to make the Capital Contribution and the resulting increase in the Capital Accounts of the remaining Members and appropriate adjustments in the Members’ ' Company Interests.,
Appears in 1 contract
Samples: Limited Liability Company Agreement (Piedmont Natural Gas Co Inc)
