Failure to Make Required Capital Contributions Sample Clauses

Failure to Make Required Capital Contributions. The Partnership is entitled to enforce the obligations of each Partner to make the contributions to capital specified in this Agreement. The Partnership has all rights and remedies available at law or equity if any such contribution is not so made.
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Failure to Make Required Capital Contributions. A. Upon any Limited Partner's failure to make any installment of its Capital Commitment or any Additional Capital Contributions when due, the Advisory Committee members appointed by the non-defaulting Limited Partner may cause the General Partner to cause the Partnership to exercise, on notice to that defaulting Limited Partner (the "Delinquent Limited Partner"), one or more of the following remedies:
Sample 1
Failure to Make Required Capital Contributions. (a) The LLC shall be entitled to enforce the obligations of each Member to make the contributions to capital specified in the Agreement, and the LLC shall have all rights and remedies available at law or equity in the event any such contribution is not so made.(7) (b) The LLC shall give the SBA prompt written notice of any default by a Member in making any capital contribution to the LLC required under the Agreement which continues beyond any applicable grace period specified in the Agreement.
Sample 1
Failure to Make Required Capital Contributions. If at any time or times any Member shall fail to timely make any Capital Contribution which such Member is obligated to make under SECTION 5.1., and such failure shall continue for a period of thirty (30) business days after notice of such failure from the President or any non-defaulting Member (the "Cure Period"), the rights and remedies set forth in this SECTION 5.2. shall apply. A Member that fails to cure its default within the Cure Period shall be a "Defaulting Member." The failure to make a required Capital Contribution by a Member shall be an "Event of Default." If any Member is a Defaulting Member as to any required Capital Contribution, each other Member that is not then a Defaulting Member shall be a "Non-Defaulting Member."
Sample 1
Failure to Make Required Capital Contributions. 5 5.2.1. Loan by Non-Defaulting Members to Defaulting Member.....................5 5.2.2. Other Remedies........................8 5.3.
Sample 1
Failure to Make Required Capital Contributions. The Partnership is entitled to enforce the obligations of each Special Limited Partner to make the contributions to capital specified in this Agreement. The Partnership has all rights and remedies available at law or equity if any such contribution is not so made and in the event that the Partnership incurs any attorneys’ fees or other costs or expenses in connection with such failure to make a Capital Contribution, the defaulting Special Limited Partner shall be obligated to immediately reimburse the Partnership for such fees, costs and expenses. In the event that any Special Limited Partner fails to make a Capital Contribution required under this Agreement within ten (10) days after the date such contribution is due, then the General Partner may, in its sole discretion, elect to accelerate the unpaid Commitment of that Special Limited Partner which shall be payable in full not later than the fifth (5th) business day following the date notice of such acceleration has been sent to that defaulting Special Limited Partner.
Sample 1
Failure to Make Required Capital Contributions. 76 The Partnership is entitled to enforce the obligations of each Partner to make the contributions to capital specified in this Agreement. The Partnership has all rights and remedies available at law or equity if any such contribution is not so made, including but not limited to those set forth in this Agreement. Notice and Consent of SBA with respect to Capital Contribution Defaults. The Partnership must give SBA prompt written notice of any failure by a Limited Partner to make any Capital Contribution to the Partnership required under this Agreement when due, which failure continues beyond any applicable grace period specified in this Agreement.
Sample 1
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Failure to Make Required Capital Contributions. 76 The Partnership is entitled to enforce the obligations of each Partner to make the contributions to capital specified in this Agreement. The Partnership has all rights and remedies available at law or equity if any such contribution is not so made, including but not limited to those set forth in this Agreement. 75 RULPA §17-502 requires that unless this agreement provides otherwise, the unanimous consent of all Partners is required to compromise the commitment obligation of a partner. Unless expressly provided in this Agreement, the General Partner does not have the authority to compromise a Limited Partner’s obligation to make a contribution or apply any remedy other than collection in the event of a default. 76 RULPA addresses the issue of the consequences of a failure by a partner to make a required capital contribution; see Delaware RULPA §§17-306 and 17-502.
Sample 1
Failure to Make Required Capital Contributions. (a) Each Partner agrees that time is of the essence with respect to the payment of its required Capital Contributions when due. The Partnership is entitled to enforce the obligations of each Partner to make the contributions to capital specified in this Agreement. The Partnership has all rights and remedies available at law or equity if any such contribution is not so made.
Sample 1

Related to Failure to Make Required Capital Contributions

  • Failure to Make Required Payments Failure by Maker to pay the principal of this Note within five (5) business days following the date when due.

  • 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.

  • 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.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

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

  • 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

  • Lenders to make available Contributions Subject to the provisions of this Agreement, each Lender shall, on and with value on each Drawdown Date, make available to the Agent for the account of the Borrowers the amount due from that Lender on that Drawdown Date under Clause 2.2.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • 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.

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