Partners’ Obligations To Make Additional Capital Contributions Sample Clauses

Partners’ Obligations To Make Additional Capital Contributions. From time to time, the Partners may be required to make Additional Capital Contributions to the Partnership to fund (i) Necessary Expenditures, and (ii) such other funding requirements for the Partnership or one or more of the Subsidiaries (to the extent that the Capital Contributions, the revenues from the Hotel Properties and the reserves previously established by the Partnership and the proceeds of any Loan, if any, as applicable, will not be sufficient to satisfy such funding requirements). The Partners shall contribute such required Additional Capital Contributions pursuant to Section 4.3(b) pro rata in proportion to their respective Percentage Interests in cash or other immediately available funds.
Sample 1
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Partners’ Obligations To Make Additional Capital Contributions. From time to time after the Effective Date, the Partners shall be required to make additional capital contributions (“Additional Capital Contributions”) to the Partnership, as follows: (i) subject to any approval rights of the Partners as expressly provided for in this Agreement, to fund up to 40% of the purchase price of any Commercial Space to be acquired by the Partnership after the Effective Date (including, without limitation, to fund up to 40% of the purchase price of any Commercial Space to be acquired pursuant to the Option Agreement or the ROFO Agreement, for which no approval of the Partners is required); (ii) to fund Necessary Expenditures; (iii) to fund amounts required to fund Promote Value Prepayments pursuant to Section 5.1(c) and 5.1(d)(ii) if CNL elects for such amounts to be funded by Additional Capital Contributions of the Partners; and (iv) as otherwise may be unanimously agreed upon by the Partners. The Partners shall contribute to the capital of the Partnership such required Additional Capital Contributions pursuant to one or more capital calls made by the General Partner pursuant to Section 4.3(b), in cash, pro rata, in proportion to their respective Percentage Interests. The provisions of this Section 4.3(a) shall not be deemed to limit the obligations of the Partners as otherwise set forth pursuant to Sections 4.3(e), 4.3(f), 5.1(c) and 12.3 of this Agreement. CNL VILLAGE RETAIL PARTNERSHIP, LP 35 Amended and Restated Limited Partnership Agreement v2
Sample 1

Related to Partners’ Obligations To Make Additional Capital Contributions

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

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

  • 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 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.

  • 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.

  • 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.

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

  • 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.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

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