Valid Issue. When the Interests are issued to the Members as contemplated by this Agreement and the Capital Contributions required to be made by the Members are made, the Interests issued to the Members will be duly and validly issued and no liability for any additional capital contributions or for any obligations of the Company will attach thereto.
Appears in 8 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Golden Queen Mining Co LTD), Limited Liability Company Agreement (Gryphon Gold Corp)