Initial Capital Contributions. Each Member shall make the initial capital contribution described for that Member on Schedule A (the "Initial Capital Contribution") at the time such Member becomes a Member hereunder and in cash or (in the case of new Members admitted pursuant to Section 7.4) on such other terms as shall be specified by the existing Members. No Member shall have the right to withdraw or be repaid any capital contribution except as provided in this Agreement.
Appears in 41 contracts
Samples: Limited Liability Company Operating Agreement (Town Sports International Inc), Company Operating Agreement (Town Sports International Inc), Limited Liability Company Operating Agreement (Town Sports International Inc)
Initial Capital Contributions. Each Member shall make the initial capital contribution described for that Member on Schedule A (the "Initial Capital Contribution") at the time such Member becomes a Member hereunder and on the terms specified in cash or (in the case of new Members admitted pursuant to Section 7.4) on such other terms as shall be specified by the existing Members. Schedule A. No Member shall have the right to withdraw or be repaid any capital contribution except as provided in this Agreement.
Appears in 1 contract
Samples: Town Sports International Inc
Initial Capital Contributions. Each Member shall make the initial capital contribution described for that Member on Schedule A (the "βInitial Capital Contribution"β) at the time such Member becomes a Member hereunder and on the terms specified in cash or (in the case of new Members admitted pursuant to Section 7.4) on such other terms as shall be specified by the existing Members. Schedule A. No Member shall have the right to withdraw or be repaid any capital contribution Capital Contribution except as provided in this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rousselot Dubuque Inc.)
