Failure to Make Mandatory Capital Contributions Sample Clauses

Failure to Make Mandatory Capital Contributions. If a Member does not contribute a Mandatory Capital Contribution within ten (10) business days following the due date of the Mandatory Capital Contribution (a "Defaulting Member"), the General Manager will deliver a written notice of such default to both Members, and the non-Defaulting Member may, at any time after thirty (30) days from the date of delivery of the default notice from the General Manager, elect any of the following remedies by giving written notice to the Defaulting Member and the Company:
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Failure to Make Mandatory Capital Contributions. If either Hensxx Xxx or Hallmark Sub fails to make a Mandatory Capital Contribution under this Company Agreement, after written notice and an opportunity to cure (which opportunity to cure shall be set forth in such notice and shall provide a cure period of not less than fourteen (14) days from the receipt of the notice (the "DEFAULT DATE")), the Company may elect at its sole discretion, either of the following remedies.
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Failure to Make Mandatory Capital Contributions. If either SPE ----------------------------------------------- Sub or LDI Sub fails to make a Mandatory Capital Contribution when required after written notice and an opportunity to cure (which opportunity to cure shall be set forth in such notice and shall provide a cure period of not less than fifteen (15) days from receipt of the notice) (the date of the ending of the cure period is referred to herein as the "Default Date"), (i) the defaulting Person's obligations to make Mandatory Capital Contributions during the period prior to the consummation of a sale under clause (a) or adjustment under clause (b) is suspended and (ii) the non-defaulting Person (which for these purposes shall mean the Person (either SPE Sub or LDI Sub) who has not defaulted on its obligations to make the applicable Mandatory Capital Contribution to the Company) must elect within thirty (30) days of the Default Date, in its sole discretion, either of the following set forth in subparagraphs (a) or (b), below:
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Failure to Make Mandatory Capital Contributions 
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Related to Failure to Make Mandatory Capital Contributions

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

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