Obligation to Make Additional Capital Contributions Sample Clauses

Obligation to Make Additional Capital Contributions. No Member shall be obligated to make any additional Capital Contributions to the Company.
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Obligation to Make Additional Capital Contributions. Except as otherwise provided in Section 9.07(c) below, each Member shall be obligated to (and does hereby covenant and agree to) contribute, at such times and in the manner as may be determined by Supermajority Consent of the Members, its pro rata share (based on Percentage Interests) of additional capital required to fund the operations of the Company from time to time (the "Additional Capital Contributions"). All such Additional Capital Contributions shall be paid within thirty (30) days of receipt of a capital call notice from the Board of Managers requiring that such Additional Capital Contributions be made; provided, however, that the total of all required Capital Contributions, including, but not limited to, Additional Capital Contributions, prior to the closing under the Purchase Agreement shall not exceed $540,000 per Member.
Sample 1
Obligation to Make Additional Capital Contributions. (a) Except as specifically set forth in this Agreement and after no less than $2,000,000 has been contributed to the Company by GAC Member, the Members shall make additional Capital Contributions in such amounts and at such times and from time to time as the Managing Member shall determine. Upon a determination by the Managing Member that a call for additional Capital Contributions is needed, upon written notice of such capital call by the Managing Member, each Member shall fund to the Company such Member’s pro rata share (based upon such Member’s respective Membership Percentage) of the aggregate amount determined by the Managing Member (the “Capital Call Amount”), which amount shall be due, in cash, on the date the Managing Member determines (the “Funding Date”).
Sample 1

Related to Obligation to Make Additional Capital Contributions

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

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