Procedure For Additional Capital Contributions. If at any time or from time to time Additional Capital Contributions (as determined pursuant to Section 4.3(a)) are required, the General Partner shall deliver to each Partner a notice requesting such Additional Capital Contributions (a “Capital Call Notice”). The Capital Call Notice shall specify the date (the “Due Date”) on or before which such funds are required by the Partnership, which shall be at least fifteen (15) Business Days after receipt of the Capital Call Notice, unless a shorter time is reasonably designated by the General Partner. Each Partner shall, on or before the Due Date, pay to the Partnership in cash or current funds such Partner’s proportionate share of the amount specified in the Capital Call. For purposes of Section 10.1(a), a Partner shall be in default if the Partner does not make the payment required by the written call on the Due Date.
Procedure For Additional Capital Contributions. If at any time or from time to time Additional Capital Contributions are required pursuant to the first sentence of Section 4.3(a), the General Partner shall deliver to each Partner a written notice requesting such Additional Capital Contributions (a “Capital Call Notice”), which Capital Call Notice shall include reasonable detail as to the scope and anticipated use of funds generated by the Additional Capital Contributions. The Capital Call Notice shall specify the date (the “Due Date”) on or before which such funds are required by the Partnership, which shall be at least (i) two (2) Business Days after receipt of the Capital Call Notice, for Emergency Costs and (ii) fifteen (15) Business Days after receipt of the Capital Call Notice, for all other funds. Each Partner shall, on or before the Due Date, pay to the Partnership in cash such Partner’s proportionate share of the amount specified in the Capital Call in proportion to their respective Percentage Interests. For purposes of Section 4.4, a Partner shall be in default (a “Capital Call Default”) if the Partner does not make the payment required by the written Capital Call Notice on the Due Date.
Procedure For Additional Capital Contributions. If at any time or from time to time Additional Capital Contributions are required (as determined pursuant to Section 4.3(a) or (c)) the General Partner shall deliver to each Partner a written notice requesting such Additional Capital Contributions (a "Capital Call Notice"). The Capital Call Notice shall specify the date (the "Due Date") on or before which such funds are required by the Company, which shall be at least (i) two (2) Business Days after receipt of the Capital Call Notice, for Necessary Expenditures and (ii) fifteen (15) Business Days after receipt of the Capital Call Notice for Property Acquisition Contributions, unless a shorter time is reasonably designated by the General Partner, but in no event less than ten (10) days after receipt of the Capital Call Notice. The Capital Call Notice shall specify whether the funds are required with respect to Necessary Expenditures or Property Acquisition Contributions. Each Partner shall, on or before the Due Date, pay to the Company in cash or current funds such Partner's proportionate share of the amount specified in the Capital Call Notice in accordance with its Percentage Interest against issuance of Partnership Units on the basis of one Partnership Unit for each $100.00 (Original Issue Price) of capital contributed by a Partner. For purposes of Section 10.1(a), a Partner shall be in default if the Partner does not make the payment required by the Capital Call Notice by the Due Date, provided, that HLP shall not be deemed to be in default if such failure was the direct and proximate result of CHP's failure to consummate the purchase of securities under the Securities Purchase Agreement.
Procedure For Additional Capital Contributions. If at any time or from time to time Additional Capital Contributions (as determined pursuant to Section 4.3(a)) are required, the General Partner shall deliver to each Partner a notice requesting such Additional Capital Contributions (a “Capital Call Notice”). The Capital Call Notice shall specify the date (the “Due Date”) on or before which such funds are required by the Partnership, which shall be at least (i) five (5) Business Days after receipt of the Capital Call Notice, for Emergency Costs and (ii) fifteen (15) Business Days after receipt of the Capital Call Notice, for all other funds, unless a shorter time is reasonably designated by the General Partner. Each Partner shall, on or before the Due Date, pay to the Partnership in cash or current funds such Partner’s proportionate share of the amount specified in the Capital Call. For purposes of Section 10.1(a), a Partner shall be in default if the Partner does not make the payment required by the written call on the Due Date.
