Common use of Limitation on Capital Contributions and Loans Clause in Contracts

Limitation on Capital Contributions and Loans. Except as specifically provided in this Article IV, no Member may contribute capital to the Company. In addition, no Member may loan or advance money to the Company unless such loan or advance has been approved by the Executive Committee.

Appears in 1 contract

Samples: Limited Liability Company Agreement (New Home Co LLC)

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Limitation on Capital Contributions and Loans. Except as specifically provided in m this Article IV, . no Member may contribute capital or other assets to the Company. In additionLoans by a Member to the Company will not be considered Capital Contributions and will not increase the Capital Account of the lending Member. Except as otherwise provided in the Agreement, no Member may make a loan or advance money to the Company unless such loan or advance has been is unanimously approved by the Executive CommitteeBoard.

Appears in 1 contract

Samples: Operating Agreement (Perot Systems Corp)

Limitation on Capital Contributions and Loans. Except as specifically provided in this Article IV, no Member may contribute capital or other assets to the Company. In additionLoans by a Member to the Company will not be considered Capital Contributions and will not increase the Capital Account of the lending Member. Except as otherwise provided in the Agreement, no Member may make a loan or advance money to the Company unless such loan or advance has been is unanimously approved by the Executive CommitteeBoard.

Appears in 1 contract

Samples: Operating Agreement (Perot Systems Corp)

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Limitation on Capital Contributions and Loans. Except as specifically provided in this Article IV4, no Member may contribute capital to the Company. In addition, no Member may Company or make a loan or advance money to the Company Company, unless such contribution or loan or advance has been approved Approved by the Executive CommitteeMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Seaport Entertainment Group Inc.)

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