Common use of Future Capital Contributions Clause in Contracts

Future Capital Contributions. No Member will be required to make any loans to the Company or any Capital Contribution, other than the Initial Capital Contributions, without such Member’s prior written consent. No Member will be permitted to make any such additional Capital Contribution unless requested to do so by the Managing Member. Members do not have the right to participate, on a pro rata basis or otherwise, in any such additional Capital Contributions.

Appears in 8 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Clipper Realty Inc.), Limited Liability Company Agreement (Clipper Realty Inc.)

AutoNDA by SimpleDocs

Future Capital Contributions. No Member will be required to make any loans to the Company or any Capital Contributioncapital contribution, other than the Initial Capital Contributions, without such Member’s prior written consent, unless such Member otherwise is required to make a capital contribution (other than its Initial Capital Contribution) pursuant to this Agreement or the Master Contribution Agreement. No Member will be permitted to make any such additional Capital Contribution capital contribution unless requested to do so by the Managing Member. Members do not have the right to participate, on a pro rata basis or otherwise, in any such additional Capital Contributionscapital contributions. No Member will be permitted to make any loans to the Company without the consent of a Majority-in-Interest of the Members, which consent is not to be unreasonably withheld.

Appears in 2 contracts

Samples: Master Contribution and Sale Agreement (Forest City Enterprises Inc), Master Contribution and Sale Agreement (Forest City Enterprises Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!