Subsequent Capital Calls Sample Clauses

Subsequent Capital Calls. (i) Subsequent Capital Calls under the Subscription Agreement will be made only upon the satisfaction of all of the following conditions: (A) The Company shall deliver a Capital Call Notice to the Investor no later than fifteen (15) days prior to the date on which the Company desires the Capital Call to be subscribed. (B) Any Capital Call Notice shall be accompanied by a Draw Notice in an amount equal to the amount requested pursuant to such Capital Call Notice, until such time as the aggregate amount of Capital Calls shall equal One Million Dollars ($1,000,000). (C) The conditions precedent to the Investor's making of an Advance in Sections 3.2(c)(i)(C)-(H) shall apply to the Capital Call in the same manner. (ii) Each Capital Call (including any Initial Capital Call at Closing) shall reduce the amount available for Subsequent Capital Calls under the Subscription Agreement by the amount of such Capital Call, such that the amount of all Capital Calls made under the Subscription Agreement may never exceed an aggregate of One Million Dollars ($1,000,000.00).
Sample 1
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Subsequent Capital Calls. Pursuant to Section 4.2(d) of the Investment Agreement, the Company may, at any time and from time to time prior to the termination of the Purchaser's obligation to purchase the Common Shares as set forth in Section 1.3 hereof, make a Capital Call on the Purchaser by delivering a Capital Call Notice to the Purchaser in the manner set forth in Section 4.2(d) of the Investment Agreement. Upon the satisfaction by the Company of the conditions for subsequent Capital Calls set forth in the Investment Agreement, the Purchaser shall, on the date set forth in the Capital Call Notice, deliver to the Company the amount requested in such Capital Call Notice and the Company shall deliver to the Purchaser a certificate or certificates representing the number of Common Shares purchased by the Purchaser, which number of shares shall be determined by dividing the amount requested in such Capital Call Notice by the then applicable Purchase Price.
Sample 1

Related to Subsequent Capital Calls

  • Capital Calls (i) After the Effective Date, the CORR Managers, may, in their sole discretion, determine that additional Capital Contributions are necessary for the conduct of the Company’s business (any such additional Capital Contributions called from the Capital Members by the Board, being hereinafter referred to as an “Additional Call Amount”). In connection with determining that an Additional Call Amount is necessary, the CORR Managers shall (A) issue Class B-1 Units (the “Additional Call Units”) to the Capital Members in the event such Capital Members actually fund Capital Contributions in respect of such Additional Call Amount (the “Contributing Members”) and (B) determine the Fair Market Value of each Class B-1 Unit of such Additional Call Units (the “Additional Call Unit FMV”). Xxxxx shall have the right to acquire such Additional Call Units in an amount equal to (i) the number of Additional Call Units offered multiplied by (ii) a fraction (A) the numerator of which is the number of Class C-1 Units held by Xxxxx and (B) the denominator of which is the number of Class C-1 Units held by all Members (for each Capital Member, the “Class C-1 Ratio”). Should Xxxxx desire to exercise such right, Xxxxx shall give notice thereof to the Company within thirty (30) days following receipt of a notice from the Company of its intent to issue Additional Call Units (a “Preemptive Right Response”). Absent receipt of a Preemptive Right Response from Xxxxx within such 30-day period, the Company shall be entitled to assume that such Member has elected not to exercise its rights under this Section 3.3. (ii) Upon the funding of any Capital Contribution by a Contributing Member, such Contributing Member shall be issued a number of Additional Call Units equal to the amount of the Capital Contribution made by such Member divided by a price per Additional Call Unit equal to the Additional Call Unit FMV. Exhibit A and the books and records of the Company shall be thereafter amended accordingly to reflect the funding of any Capital Contributions by a Contributing Member and the issuance of any Units in connection therewith, including any upward or downward adjustments to the Sharing Ratios of the Members in the event a Member does not elect to make a Capital Contribution and a Contributing Member increases its Capital Contribution amount in accordance with Section 3.3(b)(i).

  • 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:

  • 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.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • 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 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.

  • Member Capital Contributions (Check One)

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Increased Capital Costs 58 4.6. Taxes................................................................58 4.7. Payments, Computations, etc..........................................61 4.8.

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