Further Capital Contributions. Unless it agrees otherwise in writing or in an amendment to this Agreement, no Member shall be required to make Capital Contributions other than those it has committed to make hereunder as set forth in Sections 5.01, 5.02 and 5.03 and on Schedule A.
Further Capital Contributions. No Party shall be required to provide any cash contributions to the capital of the Company without its consent other than those forming part of the Initial Contributions and the Additional Contributions as well as funding approved in accordance with Sections 9.2, 9.5 and 16.2(b).
Further Capital Contributions. (a) Except as otherwise provided herein, each Class A Limited Partner shall make additional Capital Contributions from time to time in an amount not to exceed its Remaining Class A Commitment Amount in proportion to its Class A Commitment Ratio, in each case, in amounts and at such times as shall be determined by the Board of Directors. Subject to Section 5.02(c), upon receipt of such additional Capital Contributions, the Partnership shall issue to each contributing Class A Limited Partner additional Class A Units at a price of $1.00 per Unit in the amount of such Capital Contribution.
(b) The Class A Limited Partners shall have ten (10) days from the issuance of a capital call pursuant to Section 5.02(a) and corresponding written notice to such Class A Limited Partners to make the Capital Contribution.
(c) In the event that a Class A Limited Partner fails to make a Capital Contribution called for by the Board of Directors pursuant to Section 5.02(a) as required by Section 5.02(b), and the amount of such Capital Contribution with respect to such Class A Limited Partner is equal to or greater than $500,000, then the number of Class A Units issued in connection with such capital call to each Class A Limited Partner who makes its required Capital Contribution shall be determined by an Independent Advisor selected by the Board of Directors, based on the Fair Market Value of a Class A Unit determined as of the date of such capital call (in lieu of $1.00 per Unit). Following such time, (i) in connection with any subsequent capital call by the Board of Directors pursuant to Section 5.02(a), the number of Class A Units issued to each Class A Limited Partner who makes its required Capital Contribution shall be determined by an Independent Advisor selected by the Board of Directors, based on the Fair Market Value of a Class A Unit determined as of the date of such capital call and (ii) each such subsequent capital call by the Board of Directors pursuant to Section 5.02(a) shall specify the required Capital Contribution of each Class A Limited Partner and upon funding, the Board of Directors shall issue each Class A Limited Partner who made its required Capital Contribution Class A Units valued at an amount equal to the Fair Market Value of Class A Units as most recently determined prior to such capital call by an Independent Advisor, and such issuances shall be subject to retroactive adjustment in accordance with Section 11.09(c) based on a final determination...
Further Capital Contributions. No Limited Partner shall be required to purchase additional Units or make any Capital Contribution to the Partnership in excess of such Limited Partner's Unpaid Capital Commitment. After all Capital Contributions have been made and all contributions, including required General Partner contributions, have been invested by the Partnership, if the General Partner determines it to be in the best interests of the Partnership, the Partnership may, subject to subsection 4.2(b), offer existing or new Limited Partners the opportunity to make additional contributions to the Partnership's capital on a PRO RATA basis, as determined by the General Partner.
Further Capital Contributions. If the Managing Member determines that the Company needs additional funds that the Managing Member determines should be funded with additional Capital Contributions from the Members, the Company shall give each Member at least Twenty (20) days’ notice of the Company’s need for the additional funds, the amount of the funds needed, the reason therefor, the Member’s additional Capital Contribution required thereby (which shall be equal to his Percentage of the aggregate funds being called), and the date by which the additional Capital Contribution is required to be made (each a “Call”). Notwithstanding the foregoing, the Members may prohibit the Manager or Managing Member from making an additional Capital Contribution vis-à-vis a Call through an affirmative vote of Members owning a majority of the Percentages of the Members to be held within Five (5) days of a Call being announced.
Further Capital Contributions. (a) The Manager may issue capital calls to the Members in such amounts and at such times as it shall determine. Except as otherwise provided herein, with respect to each such capital call, each Member shall be required to contribute to the Company an amount such that, to the greatest extent possible after giving effect to such capital call and all Capital Contributions previously made by all of the Members to the Company (including all of the Initial Capital Contributions), each Member has contributed to the Company an amount equal to the aggregate Capital Contributions previously made and then being made by all Members at such time, multiplied by such Member’s Commitment Ratio at such time, until such Member has made aggregate Capital Contributions (including its Initial Capital Contribution) equal to its Commitment Amount; provided, that, unless otherwise determined by the Manager, each capital call shall be apportioned among all Members whose Remaining Commitment Amount is greater than zero based on their respective Commitment Ratios at such time; provided, further, that, unless otherwise determined by the Manager, during the time that any Member’s Remaining Commitment Amount is greater than zero, Capital Contributions shall be made pursuant to this Section 5.02(a) solely by Members whose Remaining Commitment Amount is greater than zero until such time that their Remaining Commitment Amount equals zero. Upon receipt by the Company of each such additional Capital Contribution, each contributing Member shall be issued one (1) additional Unit in exchange for each one dollar ($1.00) contributed (or in the case of contributed property, for each one dollar ($1.00) of value of such contributed property as agreed upon at such time by the Manager and such Member). Each Member’s obligation to purchase Units pursuant to this Section 5.02(a) is several, and not joint, and no Member will have any obligation with respect to any other Member under this Section 5.02(a).
(b) Unless otherwise specified by the Manager, each Member shall have ten (10) Business Days from the issuance of a capital call pursuant to Section 5.02(a) and corresponding written notice to such Member to make such Member’s required Capital Contribution.
(c) Notwithstanding the provisions of Section 5.02(a), no Member shall be obligated to make Capital Contributions after the expiration of the Commitment Period.
(d) If a Member fails to pay any portion of the amount validly called for by the Manager ...
Further Capital Contributions. Subject to Section 6.03, no Partner shall make any further Capital contributions to the Partnership except with the unanimous agreement of the other Partners.
Further Capital Contributions. 13 7.3 INTEREST................................................................................................13 7.4 ACCOUNTING PERIODS AND TAXABLE YEARS....................................................................13 ARTICLE VIII ALLOCATIONS.........................................................................................14
Further Capital Contributions. No Limited Partner shall be required to purchase additional Units or make any Capital Contribution to the Partnership in excess of such Limited Partner's initial Capital Contributions.
Further Capital Contributions. Except as specifically set forth in this Article 4 or otherwise agreed to in writing by all of the Members, no Member will be required or permitted to make any Capital Contributions.
