Common use of Form of Capital Contributions Clause in Contracts

Form of Capital Contributions. All Capital Contributions shall be made by the Members in cash, unless the Members, by a Vote of a Super Majority of Percentage Interests, permit any Additional Capital Contributions to be made in a form other than cash in which case the Members, when they Vote, shall specify how such non-cash Additional Capital Contributions are to be valued and how they are to be contributed.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Form of Capital Contributions. All Additional Capital Contributions shall be made by the Members in cash, unless the Members, by a Vote of a Super Majority of Percentage Interestsunanimous Vote, permit any Additional Capital Contributions to be made in a form other than cash in which case the Members, when they Vote, shall specify how such non-cash Additional Capital Contributions are to be valued and how they are to be contributed.

Appears in 1 contract

Samples: Operating Agreement

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