Requests for Capital Contributions Sample Clauses

Requests for Capital Contributions. Upon the occurrence of a Triggering Event, the General Partner to take all steps required to cause the Partners to make capital contributions in an aggregate amount (taken together with any corresponding capital contribution by the General Partner and any amounts to be provided in respect of the Support Obligation by Persons other than the Sponsor) at least equal to the Support Obligation no later than four Business Days following the Triggering Event.
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Requests for Capital Contributions. 5.2. 1Except as otherwise provided in Section 5.1 or 5.4, the Members shall issue or cause to be issued a written request to each Member for the making of Capital Contributions at such times and in such amounts as the Members shall approve. All amounts received by the Company pursuant to this Section 5.2, whether received prior to, on or after the date specified in Section 5.2.2(d), shall be credited to the respective Member's Capital Account as of such specified date (and the Pre-Formation Date Expenditures approved pursuant to Section 5.1.2 shall be so credited as of the date specified in Section 5.2.2(d)). All amounts received from a Member after the date specified in Section 5.2.2(d) by the Company pursuant to this Section 5.2 shall be accompanied by interest on such overdue amounts (and the default shall not be cured unless such interest is also received by the Company), which interest shall be payable to the Company and shall accrue from and after such specified date at the Default Interest Rate. Any such interest paid with respect to a Capital Contribution shall be credited to the respective Capital Accounts of all the Members, on a pro rata basis in proportion to their respective Sharing Ratios as of the date such payment is made to the Company after giving effect to the payment of the Capital Contribution with respect to which such interest accrued.
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Requests for Capital Contributions. 5.2.1 Except as otherwise provided in Section 5.1 or 5.4, the Members shall issue or cause to be issued a written request to each Member for the making of Capital Contributions at such times and in such amounts as the Members shall approve. All amounts received by the Company pursuant to this Section 5.2, whether received prior to, on or after the date specified in Section 5.2.2(d), shall be credited to the respective Member's Capital Account as of such specified date (and the Pre-Formation Date Expenditures approved pursuant to Section 5.1.2 shall be so credited as of the date specified in Section 5.2.2(d)). All amounts received from a Member after the date specified in Section 5.2.2(d) by the Company pursuant to this Section 5.2 shall be accompanied by interest on such overdue amounts (and the default shall not be cured unless such interest is also received by the Company), which interest shall be payable to the Company and shall accrue from and after such specified date at the Default Interest Rate. Any such interest paid with respect to a Capital Contribution shall be credited to the respective Capital Accounts of all the Members, on a pro rata basis in proportion to their respective Sharing Ratios as of the date such payment is made to the Company after giving effect to the payment of the Capital Contribution with respect to which such interest accrued. 5.2.2 Each written request issued pursuant to Section 5.2.1 shall include the following information: (a) The total amount of Capital Contributions requested from all Members; (b) The amount of Capital Contribution requested from the Member to whom the request is addressed, such amount to be in accordance with the Sharing Ratio of such Member (except as provided in Section 5.1 or 5.4); (c) The purpose for which the funds are to be applied in such reasonable detail as the Representatives shall direct; (d) The date on which payments of the Capital Contribution shall be made (which date shall not be less than 30 days following the date the request is given, unless a sooner date is approved by the Members) and the method of payment, provided that such date and method shall be the same for each of the members; and (e) Evidence that the Members have approved the request in accordance with Section 5.2.1. 5.2.3 Each Member agrees that it shall make payments of its respective Capital Contributions in accordance with requests issued pursuant to Section 5.2.1 and Section 5.2.2. 18
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Requests for Capital Contributions. 2.4 Use of Proceeds........................ 4 ---------------
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Requests for Capital Contributions. The Company shall give Xxxxxx ---------------------------------- irrevocable written, telex or facsimile notice (promptly confirmed in writing) of each request that Xxxxxx make a Capital Contribution hereunder not later than 11:00 A.M., Atlanta, Georgia time, no less than five (5) Business Days before the date on which it proposes that a Capital Contribution be made (except for the initial Capital Contribution to be made on the Closing Date). Such notice shall (i) specify the date of such Capital Contribution (which shall be a Business Day), (ii) state the amount thereof, and (iii) be accompanied by the closing certificate referenced in Section 3.4(e). --------------
Sample 1
Requests for Capital Contributions. The Management Committee shall issue or cause to be issued a written request for payment of each Capital Contribution to be made in accordance with Sections 7.1, 7.2 and 7.3, at such times as the Management Committee shall deem appropriate. Each written request issued pursuant to this Section 7.4 shall contain the following information: (a) The amount of the Capital Contribution requested from each Member, such amount to be in accordance with the Member's Sharing Ratio; (b) The purpose for which the Capital Contributions are to be applied in such reasonable detail as the Management Committee shall direct; and (c) The date on which the Capital Contributions shall be made (which date shall not be less than 30 days following the date the request is given and shall reasonably approximate the date on which the Company expects to make the underlying payment) and the method of payment, such date and method to be the same for each of the Members. Each Member agrees to make payment of its respective Capital Contributions in accordance with the requests issued pursuant to this Section 7.4.
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Related to Requests for Capital Contributions

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Member Capital Contributions (Check One)

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

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • Capital Contributions of the Partners (a) The General Partner and Initial Limited Partner have made the Capital Contributions as set forth in Exhibit A to this Agreement. (b) To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or the contribution of assets by any other Person, Persons who receive Partnership Interests in exchange for their interests in the Person merging into or contributing assets to the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement or contribution agreement and as set forth in Exhibit A, as amended to reflect such deemed Capital Contributions. (c) Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on any Partner’s Percentage Interest. (d) The number of Partnership Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. (e) Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise) and no Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

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

  • 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.

  • 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 Distributions 17 TABLE OF CONTENTS (continued)

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