Common use of Future Capital Requirements Clause in Contracts

Future Capital Requirements. Section 5.1 Series LH Partnership Interests and Capital Contributions. The Percentage Interests of each Series LH General Partner and Series LH Limited Partner as of the date of this Agreement are as set forth on Exhibit A. Any Series LH Limited Partner, with the consent of the Managing General Partner of the Series LH, may, but shall not be obligated to, make additional Capital Contributions to the Series LH. Upon any such additional Capital Contribution, each Series LH General Partner and any other Series LH Limited Partner shall be obligated to make an additional Capital Contribution to the Series LH in an amount necessary to maintain its Series LH Percentage Interest.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Enbridge Energy Partners Lp), Contribution Agreement (Enbridge Energy Partners Lp)

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Future Capital Requirements. Section 5.1 Series LH Partnership Interests and Capital Contributions. The Percentage Interests of each Series LH General Partner and Series LH Limited Partner as of the date of this Agreement are as set forth on Exhibit A. Any Series LH Limited Partner, with the consent of the Managing General Partner of the Series LH, may, but shall not be obligated to, make additional Capital Contributions to the Series LH. Upon any such additional Capital Contribution, each Series LH General Partner and any other Series LH Limited Partner shall be obligated to make an additional Capital Contribution to the Series LH in an amount necessary to maintain its Series LH Percentage Interest.

Appears in 1 contract

Samples: Limited Partnership Agreement (Enbridge Energy Partners Lp)

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Future Capital Requirements. Section 5.1 Series LH Partnership Interests and Capital Contributions. The Percentage Interests of each Series LH General Partner and Series LH Limited Partner as of the date of this Agreement Series ME Closing Date are as set forth on Exhibit A. Any Series LH Limited Partner, with the consent of the Managing General Partner of the Series LH, may, but shall not be obligated to, make additional Capital Contributions to the Series LH. Upon any such additional Capital Contribution, each Series LH General Partner and any other Series LH Limited Partner shall be obligated to make an additional Capital Contribution to the Series LH in an amount necessary to maintain its Series LH Percentage Interest.

Appears in 1 contract

Samples: Limited Partnership Agreement (Enbridge Energy Partners Lp)

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