Common use of No Additional Capital Contributions Required Clause in Contracts

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.

Appears in 6 contracts

Samples: Operating Agreement (West Village Gym at the Archives LLC), Archives LLC Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)

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No Additional Capital Contributions Required. 3.2.1. No Member shall be required to contribute any additional capital to the Company, unless required by a vote of the Members holding twothree-thirds quarters (2/33/4) in interest, and in no event in an amount greater than twenty-five thousand dollars ($25,000)10,000. No Member shall have any personal liability for any obligation debt, obligation, or liability of the Company.

Appears in 1 contract

Samples: Operating Agreement (DMTR LLC)

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