Failure to Make a Capital Contribution. If a Member fails to make any required Capital Contribution as set forth herein from and after the Effective Date (the “Delinquent Member”), then such Delinquent Member shall be subject to the provisions of Article 13. In addition, the Member that did not fail to make any required Capital Contribution as set forth herein (the “Non-Delinquent Member”) may exercise, on notice to the Delinquent Member, one of the following remedies:
Appears in 4 contracts
Samples: Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (CityCenter Holdings, LLC)
Failure to Make a Capital Contribution. If a Member fails to make any required Capital Contribution as set forth herein from and after Approved by the Effective Date (the “Delinquent Member”)Board of Directors pursuant to Section 9.3, then such Delinquent the Member shall be subject to the provisions of Article 13. In addition, the Member that did not fail to make any required Capital Contribution as set forth herein (the “Non-Delinquent Member”) Members may exercise, on notice to that Member (the “Delinquent Member”), one of the following remedies:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (MGM Mirage), Limited Liability Company Agreement (Dubai World)
