Common use of Membership Capital Clause in Contracts

Membership Capital. The Members agree and understand that the main Capital Contribution is [cash/services rendered or to be rendered/property] as set forth in Schedule A. Upon Majority Vote of Members, the Members may agree to make an initial Capital Contribution in cash. The Members may make, but shall not be required to make, any additional capital contributions to the Company.

Appears in 2 contracts

Samples: Operating Agreement, Limited Liability Company Operating Agreement

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