Required Additional Contributions Clause Samples

Required Additional Contributions. From time to time, the Management Committee may require the Members to make Additional Contributions to the capital of the Company, pursuant to this Section 3.02(b) in connection with the Project to fund Project Shortfalls by delivering written notice (“Contribution Notice”) of such Additional Contribution to the Members, which Contribution Notice shall include a contribution date (“Contribution Date”) (which date shall not be less than fifteen (15) Business Days following the Effective Date of such notice, unless the amount of Additional Contributions required of the Members exceeds $500,000 in the aggregate, in which event such date shall not be less than thirty (30) Business Days following the Effective Date of such notice) upon which Contribution Date each Member shall be obligated, to contribute to the capital of the Company its pro rata share of such Additional Contribution (measured by such Member’s Contribution Percentage).

Required Additional Contributions. Except as provided in this Section 2.1.2, no Partner shall be required to make any Capital Contributions other than those described in Section 2.1.1. Each Partner shall be required to make additional Capital Contributions to the Partnership if the Blackstone General Partner or the Managing General Partner gives notice to all Partners (a "Funding Notice") that meets the requirements of this Section 2.1.2. The amount of additional Capital Contributions so required from each Partner shall be an amount equal to (a) such Partner's Percentage Interest multiplied by (b) the amount of cash that is reasonably needed ("Shortfall Disbursement") for expenditures necessary to undertake the actions that are Approved by the General Partners (or permitted to be taken under this Agreement without such Approval) with respect to the operation of the