Mandatory Capital Calls. No Member shall be required or permitted to make any Capital Contribution to the Company other than as set forth in this Section 3.4.
Mandatory Capital Calls. (a) Prior to the consummation of an IPO, the ----------------------- chief executive officer of the Company (or if none, the most senior operating officer in place) or a majority of the Board shall have the right to call (each, a "Mandatory Capital Call") the Common Stockholders to contribute and the Common Stockholders shall be obligated to contribute to the capital of the Company for the purpose of providing for the operating needs of the Company pursuant to the approved Business Plan and Budget and for the purpose of acquiring stations; provided, that (i) Mandatory Capital Calls shall be called from all Common Stockholders simultaneously, (ii) each Common Stockholder shall contribute an amount equal to 86.3711% of the Mandatory Capital Call multiplied by its Proportionate Share, (iii) no Common Stockholder shall be required to contribute pursuant to a Mandatory Capital Call in excess of the Aggregate Maximum Contribution Amount (as defined below), (iv) notice of a Mandatory Capital Call must be delivered to the Common Stockholders at least 60 days prior to the date of contribution and (v) a Special Mandatory Capital Call (as defined below) shall not be deemed to be a Mandatory Capital Call. To the extent Telemundo Sub is required to make any Mandatory Capital Calls under the Network Group Operating Agreement, the Company shall fund such Mandatory Capital Calls with the first dollars received from any Common Stockholders pursuant to this Section 4.1(a) until such requirements are fulfilled.
Mandatory Capital Calls. Notwithstanding Section 8 above, in the event Mercy Maricopa requires additional capital or other funds to comply with a legal or regulatory requirement of any governmental authority or pursuant to the RBHA Contracts, then each Member must make the required capital call or special assessment on a pro rata basis based on the current Relative Interests as reflected on Exhibit “A” to this Agreement (a “Mandatory
Mandatory Capital Calls. If (i) a Mandatory Opportunity Contribution is required in connection with an Approved Opportunity or (ii) the Applicable Members have otherwise unanimously agreed to make additional Capital Contributions to the Company, then the Company will send, no later than 30 days before the date by which the Capital Contributions are required to be funded to the Company, written notice (a “Mandatory Call Notice”) to all of the Applicable Members stating the aggregate amount of the additional Capital Contributions to be made to the Company (the “Mandatory Call Amount”). The Mandatory Call Notice will also include the date by which Capital Contributions equal to the Mandatory Call Amount are required to be funded to the Company (that date, the “Mandatory Funding Deadline”). A Mandatory Funding Deadline will not be less than 30 days after the date the Mandatory Call Notice is provided to the Members. If a Mandatory Call Notice is given, then, by the Mandatory Funding Deadline specified in the Mandatory Call Notice, and except as provided in the immediately succeeding sentence or otherwise unanimously agreed by the Applicable Members: (x) each UNT Member covenants and agrees to make a Capital Contribution to the Company equal to (i) the Mandatory Call Amount multiplied by the UNT Sharing Percentage, with the result thereof multiplied by (ii) the UNT Member’s UNT Percentage Interest; and (y) each Investor Member covenants and agrees to make a Capital Contribution to the Company equal to (i) the Mandatory Call Amount multiplied by the Investor Sharing Percentage, with the result thereof multiplied by (ii) the Investor Member’s Investor Percentage Interest. If a Mandatory Call Notice is given regarding an Approved Opportunity, then by the Mandatory Funding Deadline specified in the Mandatory Call Notice, each Participating Member in the Approved Opportunity covenants and agrees to make a Capital Contribution to the Company equal to its pro rata share (based on its Mandatory Opportunity Contribution relative to all Mandatory Opportunity Contributions of all Participating Members regarding the Approved Opportunity) of the amount applicable to the Approved Opportunity in the Mandatory Call Notice. Any Capital Contributions funded under a Mandatory Call Notice will be paid by wire transfer in immediately available funds to any of the bank accounts maintained in the name of the Company (each, a “Company Bank Account”) designated in writing by the Company.
Mandatory Capital Calls. (a) No later than six (6) months prior to the start of each Budget Year (i.e. December 1), the Members shall make Additional Advances (pro-rata in accordance with their respective Percentage Interests) equal to the budgeted shortfall for the following Budget Year, or if no budget has been approved for such following year, the Members shall on December 1 prior to the next Budget Year make Additional Advances (pro-rata in accordance with their respective Percentage Interests) equal to the budgeted shortfall for the then current Budget Year, adjusted as set forth in Section 5.1(b) hereof.
Mandatory Capital Calls. G. Buy and Hold Strategy or in the Alternative Blind Pool Strategy.
Mandatory Capital Calls. A willing buyer may not be so willing to purchase an interest in an entity which could subject that buyer to mandatory capital calls. The authority to make capital calls might reside with one or more equityholders who do not have a significant ownership interest in the entity and thus would not be seriously affected by the capital calls. For example, a 1% general partner or the holders of voting interests representing 1% equity in the entity might have the authority to make capital calls. Also, capital calls might be made to one class of equityholders and not to another class of equityholders. Consider a provision in the entity agreement which provides that a person who does not fulfill a mandatory capital call will be expelled.
