Pre-Effective Date Expenditures Sample Clauses

Pre-Effective Date Expenditures. Set forth in Exhibit B are the amounts of Pre-Effective Date Expenditures that have been incurred with respect to each Member. In addition, if any Member or Affiliate thereof has made expenditures or incurred costs that are not set forth in Exhibit B but which such Member desires to be considered as Pre-Effective Date Expenditures, such Member shall have the right to request approval thereof by Ultramajority Interest as soon as practicable after the Effective Date (but not later than 90 Days after the Effective Date). After all such additional expenditures and costs to be considered as Pre-Effective Date Expenditures hereunder have been approved or disapproved by the Members, the applicable Member(s) shall make cash Capital Contributions to the Company in order to “equalize” the Members’ Capital Accounts in proportion to their Sharing Ratios (so that all Members’ Capital Accounts are pro rata in proportion to their Sharing Ratios). The assets, if any, acquired by means of the Pre-Effective Date Expenditures of the Members shall be and are hereby contributed to the Company free of any Encumbrances. All applicable Members agree to execute and deliver any and all assignments and conveyances as may be necessary or appropriate to evidence such contribution.