No Additional Capital Contributions Required. No Member shall be required to contribute any additional capital to the Company, unless required by a vote of the Members holding two-thirds (2/3) in interest, and in no event in an amount greater than twenty-five thousand dollars ($25,000). No Member shall have any personal liability for any obligation of the Company.
No Additional Capital Contributions Required. Generally, the Member may elect but shall not be required to contribute any additional capital to the Company.
No Additional Capital Contributions Required. Except as set forth in Section 3.2.2 below, no Member shall be required to contribute any additional capital to the Company, and no Member shall have any personal liability for any obligation of the Company. Notwithstanding the above, in no event shall any Investor Member ever be required to contribute any additional capital to the Company.
No Additional Capital Contributions Required. No Partner shall be required to make any additional Capital Contribution to the Partnership.
No Additional Capital Contributions Required. 13 3.3 No Interest on Capital Contributions; Deficit Account. 13 3.4 Return of Capital Contributions. 13 3.5 Form of Return of Capital. 13 3.6 Capital Accounts. 13 3.7 Allocations of income and loss for income tax purposes. 14 3.8 Currency. 14 3.9 Distributions. 14 Article IV MANAGEMENT 15 4.1 Board of Representatives. 15 4.2 Representatives; Appointment. 18 4.3 Power to Bind Partnership. 19 4.4
No Additional Capital Contributions Required. Except as provided in Sections 3.1 through 3.3, no Member shall be required to contribute any additional capital to the Company, and no Member shall have any personal liability for any obligation of the Company except as otherwise provided in the Act or this Agreement. However, if the Management Committee fails to call for an additional Capital Contribution, and such failure would result in a default by the Company or any Facility LLC under any contract, security instrument, or other agreement to which the Company or any Facility LLC is a party, then either Member may elect to cure such default on behalf of the Company, and the amounts so advanced shall be treated as a loan to the Company, shall bear interest at the Prime Rate plus two percent (2%) per year, and all principal and accrued interest of which shall be paid before any further distributions of Cash Flow are made to the Members, pursuant to Section 4.1.
No Additional Capital Contributions Required. No Partner shall be obligated, nor shall any Partner have a right, to contribute any additional capital to the Partnership, except with the prior consent of both Partners.
No Additional Capital Contributions Required. No Member shall be required to make an additional Capital Contribution.
No Additional Capital Contributions Required. No Member shall be obligated, nor shall any Member have a right, to contribute any additional capital to the Company, except with the prior consent of both Members. 3.3
No Additional Capital Contributions Required. The Member shall not be required to lend any funds to the Company or make any additional capital contribution to the Company.
