Permanent Contribution. Subject to Section 4.06(a), if the Additional Contribution Members elect under Section 4.06(a) to have the Additional Contribution treated as a permanent capital contribution, then each Additional Contribution Member that funds a portion of the Additional Contribution shall have its capital account increased accordingly and the Members’ Membership Interests and Sharing Ratios will be automatically adjusted to equal each Member’s total Capital Contributions when expressed as a percentage of all Members’ Capital Contributions.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (New Jersey Resources Corp)
Permanent Contribution. Subject to Section 4.06(a3.06(a), if the Additional Contribution Contributing Members elect under Section 4.06(a3.06(a) to have the Additional Contribution treated as a permanent capital contribution, then each Additional Contribution Contributing Member that funds a portion of the Additional Contribution shall have its capital account Capital Account increased accordingly and the Members’ Membership Interests and Sharing Ratios Percentage Interests will be automatically adjusted to equal each Member’s total Capital Contributions when expressed as a percentage of all Members’ Capital Contributions.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.), Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)
