Mandatory Additional Contributions Sample Clauses

Mandatory Additional Contributions. The Members shall make additional contributions to the capital of the Company (Additional Capital Contribution) and concurrently receive additional Shares as follows: Date Due Amount Additional Shares Red Co [date] $[amount] US [number] Blue Co [date] $[amount] US [number] If a Member fails to make an Additional Capital Contribution when required (Defaulting Member), at the election of the other Member, either
Sample 1
AutoNDA by SimpleDocs
Mandatory Additional Contributions. Except as otherwise provided in separate agreements or as provided in Section 5.9 hereof, the Company has no right to require any Member to make additional contributions. This Section does not release any Member from any obligation or promise of future performance that the Company accepted as a contribution, including, without limitation, the Initial Members' obligation to make Capital Contributions as described in Section 5.9 hereof.
Sample 1
Mandatory Additional Contributions. Without prejudice to the Contributions made in accordance with Section 3.01 and Section 3.03, the Parties acknowledge and agree that additional funding will be necessary for the completion of the Project. The Parties hereby commit to contributing their pro rata portion of up to an amount equal to USD$50 million, at the time the Board of Directors and Shareholders Assembly of VAH approve, on a mandatory basis, such capital increases with the purpose of funding the Project and in accordance with the business and investment plan agreed by the Parties. Such mandatory contributions shall be denominated “Mandatory Additional Contributions”. The Parties shall not be obligated (but shall have the right in accordance with the terms of the Shareholders Agreement) to make any capital contributions in excess of the Mandatory Additional Contributions.
Sample 1
Mandatory Additional Contributions. From time to time it may be ------------ ---------------------------------- determined by Partnership Action that additional contributions are required for the proper operation of the Partnership's business. In this event, the General Partners shall make such additional contributions to the Partnership in the proportion which the number of capital units held by each General Partner bears to the total number of capital units held by all General Partners at that time.
Sample 1

Related to Mandatory Additional Contributions

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • ALLOCATION OF CONTRIBUTIONS You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

Time is Money Join Law Insider Premium to draft better contracts faster.