Making of Capital Contributions Sample Clauses

Making of Capital Contributions. 2.2.1 The cumulative Capital Contributions made to the Fund by each Partner at any given point in time during the term of the Fund shall be set forth in the Fund’s books and records. 2.2.2 Each Limited Partner shall make Capital Contributions in accordance with General Partner’s written notice to the Limited Partner (each, a “Capital Call Notice”) during the Capital Call Notice Period. Following best practices for the strategy of the Fund, General Partner has sole discretion to call for Capital Contributions and deliver Capital Call Notices. Such Capital Contributions shall be made by the Limited Partner on or before the date set forth in the Capital Call Notice. 2.2.3 Each Limited Partner shall thereafter be required to make a Capital Contribution in cash in the amount stated in, and otherwise pursuant to the terms and provisions of, the Capital Call Notice (net of any wire fees). 2.2.4 General Partner shall be required to make a proportionate Capital Contribution in cash; provided that: (a) no Capital Contributions shall be required to be made in the Post-Investment Period except with Approval, or when the Fund is in Limited Operations Mode; and (b) no Limited Partner shall be required to make additional Capital Contributions in excess of the then-current amount of its Unused Capital Commitment. (c) Capital shall be called from Limited Partners (i) unless the circumstances require otherwise, on a pro rata basis among the Partners based upon each Partner’s Capital Commitment in relation to the aggregate Capital Commitments of all the Partners or (ii) in an amount up to one hundred percent (100%) of a Limited Partner’s Capital Commitment (the “Prefunded Contribution). (d) The Prefunded Contribution will be treated as follows: (i) the amount that is the Limited Partner’s pro rata Capital Contribution shall be invested in Portfolio Investments or used to pay the expenses or obligations of the Fund; and (ii) the remainder will be held in escrow in a segregated bank account pending any subsequent Capital Call Notices. 2.2.5 Capital Contributions not immediately invested in Portfolio Investments or paid for expenses or obligations of the Fund shall be held in cash and/or invested in Cash Equivalents. 2.2.6 After a Limited Partner has received cumulative distributions equal to the Capital Contribution Value of such Limited Partner, and the aggregate Unused Capital Commitment is at or approaching zero, and General Partner desires to continue to make Investments, ...
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Making of Capital Contributions. Each of the Murrxx Xxxup and Cumberland shall make the contributions to the Initial Capital of the FSB set forth in Section 3.1.2 above in immediately available funds to a designated account of the FSB.
Sample 1
Making of Capital Contributions. Each of INSCORP and Cumberland shall make the contributions to the Initial Capital of the IBT set forth in Section 3.1.2 above in immediately available funds to a designated account of the IBT.
Sample 1
Making of Capital Contributions 
Sample 1

Related to Making of Capital Contributions

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Member Capital Contributions (Check One)

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Capital Contribution Capital Contribution" means any contribution to the capital of the Company in cash or property by the Sole Member pursuant to Article V.

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