Common use of Notice of Calls Clause in Contracts

Notice of Calls. 20 (1) Each member shall pay the amount of every call so made on the member according to the terms of the notice thereof. 20 (2) Twenty-one (21) days’ notice of any call shall be given to the members specifying the following: (a) the name of the member; (b) the number of shares held by the member; (c) the amount of the call; (d) the due date for payment; (e) the place of payment; and (f) the consequences of non-payment. 20 (3) The non-receipt of a notice of a call by or the accidental omission to give notice of a call to any of the members shall not invalidate the call.

Notice of Calls. 20 (1) Each member shall pay the amount of every call so made on the member according to the terms of the notice thereof. 20 (2) Twenty-one Twenty‑one (21) days’ notice of any call shall be given to the members specifying the following: (a) the name of the member; (b) the number of shares held by the member; (c) the amount of the call; (d) the due date for payment; (e) the place of payment; and (f) the consequences of non-paymentnon‑payment. 20 (3) The non-receipt non‑receipt of a notice of a call by or the accidental omission to give notice of a call to any of the members shall not invalidate the call.

Notice of Calls. 20 (120(1) Each member shall pay the amount of every call so made on the member according to the terms of the notice thereof. 20 (220(2) Twenty-one Twenty‑one (21) days’ notice of any call shall be given to the members specifying the following: (a) the name of the member; (b) the number of shares held by the member; (c) the amount of the call; (d) the due date for payment; (e) the place of payment; and (f) the consequences of non-paymentnon‑payment. 20 (320(3) The non-receipt non‑receipt of a notice of a call by or the accidental omission to give notice of a call to any of the members shall not invalidate the call.

Notice of Calls. 20 (120(1) Each member shall pay the amount of every call so made on the member according to the terms of the notice thereof. 20 (220(2) Twenty-one (21) days’ ' notice of any call shall be given to the members specifying the following: (a) the name of the member; (b) the number of shares held by the member; (c) the amount of the call; (d) the due date for payment; (e) the place of payment; and (f) the consequences of non-payment. 20 (320(3) The non-receipt of a notice of a call by or the accidental omission to give notice of a call to any of the members shall not invalidate the call.