Common use of Funding Mechanics Clause in Contracts

Funding Mechanics. The amount of each Capital Contribution shall be specified by the Company in a written Payment Notice delivered to each member at least thirty (30) days prior to the date on which the amount is due. Capital Contributions shall be made by wire transfer or immediately available funds to the account specified in the respective Payment Notice or by such other method as the Managing Member specifies in such Payment Notice.

Appears in 2 contracts

Samples: Operating Agreement (John D. Oil & Gas Co), Operating Agreement (Energy West Inc)

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Funding Mechanics. The amount of each Capital Contribution shall be specified by the Company in a written Payment Notice delivered to each member at least thirty (30) days prior to the date on which that the amount is due. Capital Contributions shall be made by wire transfer or immediately available funds to the account specified in the respective applicable Payment Notice or by such other method as the Managing Member specifies in such Payment Notice.

Appears in 2 contracts

Samples: Operating Agreement of Kykuit Resources (John D. Oil & Gas Co), Operating Agreement of Kykuit Resources (Energy West Inc)

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