No Other Contributions Clause Samples
The "No Other Contributions" clause establishes that, aside from the specific contributions or payments outlined in the agreement, no additional contributions are required from the parties. In practice, this means that if a party is obligated to provide funding, resources, or services, their responsibility is limited strictly to what is expressly stated in the contract, and they cannot be compelled to provide more. This clause serves to prevent misunderstandings or disputes over whether further contributions are expected, thereby ensuring clarity and limiting each party's obligations to what has been agreed upon.
No Other Contributions. Except as expressly required by this Article 4, neither Member shall have any obligation to make any capital contribution to the Company nor to advance any funds thereto.
No Other Contributions. Except as provided in Section 5.1, Section 5.2, Section 5.3 or the Act, no Member shall be required or permitted to make any contribution of cash, property or services, to return any distributions received in accordance with this Agreement or to make any loan, to the Company or to any creditor of the Company (including, without limitation, to restore a deficit balance in such Member’s capital account). No Member shall be liable for any debts, liabilities, contracts or obligations of the Manager or any other Member.
No Other Contributions. No contributions other than those described in this Section 3.10 or Rollover Contributions described in Section 3.08 may be made to the SIMPLE 401(k) Plan.
No Other Contributions. No Partner shall have any obligation or right to make any contribution to the Partnership except as provided in Sections 3.1 and 3.2 unless all Partners otherwise agree.
No Other Contributions. No Partner shall have any obligation to make any contribution to the Partnership nor to advance any funds thereto. The provisions hereof pertaining to Capital Contributions shall not confer any rights on third parties who are not Partners. No third-party creditor of the Partnership shall have any right or power to force a call for additional Capital Contributions hereunder. Except for their respective obligations to contribute their respective shares of Capital Contributions required under this Agreement, no Partner shall be obligated to advance, lend or contribute any funds to the Partnership in order to preserve or protect the properties and assets of the Partnership, or to cover operating deficits, obligations or liabilities of the Partnership.
No Other Contributions. Except for a Member’s initial capital contribution, no Member shall be required to make any capital contributions to the LLC and shall not be obligated or required under any circumstances to restore a negative balance in its Capital Account.
No Other Contributions. Except as expressly required by this Article 2 or 6 or by the LLC Act, no Member shall have any obligation to make any Capital Contribution to the Company or to advance or loan any funds to the Company. No loan made to the Company by a Member shall constitute a Capital Contribution to the Company for any purpose.
No Other Contributions. Except as otherwise set forth in this Article III, no Member will be permitted to make Capital Contributions to the Company without the approval of the Board or required to make Capital Contributions to the Company without the consent of such Member.
No Other Contributions. Without the consent of the Directors, no Member shall contribute any funds or other property to the capital of the Company except as expressly required or permitted by this Agreement.
No Other Contributions. As noted on Schedule 3.18, Cliffs does not maintain, nor has it ever maintained or contributed to, nor was it ever required to contribute to, any Employee Welfare Benefit Plan providing medical, health, or life insurance or other welfare-type benefits for current or future retired or terminated employees, their spouses, or their dependents (other than in accordance with COBRA). Schedule 3.18(d) lists former employees of Cliffs currently receiving COBRA benefits and their employment termination dates.