Voluntary Additional Capital Contributions Sample Clauses

Voluntary Additional Capital Contributions. (a) No Member may be required at any time to contribute any additional amounts or assets to the Company.
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Voluntary Additional Capital Contributions. If the General Partner determines that the Partnership needs additional capital to acquire additional Securities, for the payment of Partnership Expenses or for any other proper Partnership purpose after the Partnership's expenditure of the Aggregate Committed Capital Contributions set forth on Schedule B, the General Partner may so notify the Limited Partner and permit voluntary additional Capital Contributions by the Limited Partner. The General Partner shall make additional Capital Contributions from time to time to the extent necessary to cause its aggregate Capital Contributions to equal 1.01% of the aggregate Capital Contributions of the Limited Partner.
Sample 1
Voluntary Additional Capital Contributions. Except as otherwise expressly provided in this Section 4.3, no Partner shall be required or permitted to make any further capital contributions to the Partnership. The Managing General Partner shall be entitled to make a call for voluntary additional capital contributions upon its determination that additional funds are required in order for the Partnership to meet its obligations under Section 6.5(b) of the Badger Creek Partnership Agreement. Upon the determination to make such call, the Managing General Partner shall notify the Partners in writing (“Call Notice for Voluntary Contributions”) that a call for voluntary additional capital contributions is being made and the total amount of such call. The Partners may thereafter make additional cash capital contributions (“Voluntary Additional Capital Contributions”) in proportion to their Interests (“Proportionate Voluntary Additional Capital Contribution”). Each Partner shall notify (“Notice of Voluntary Additional Capital Contribution”) the Partnership and the other Partners within ten (10) days following the date of the Call Notice for Voluntary Contributions if they wish to make a Voluntary Additional Capital Contribution, and must make such Voluntary Additional Capital Contribution within ten (10) days following the date of the Notice of Voluntary Additional Capital Contribution. If a Partner fails to give Notice of Voluntary Additional Capital Contribution within the requisite time period, or if the Partner gives such notice but wishes to make a Voluntary Additional Capital Contribution in an amount which is less than such Partner’s Proportionate Voluntary Additional Capital Contribution, each of the other Partners may make an additional pro rata capital contribution to make up for the shortfall. If the Partners make Voluntary Additional Capital Contributions, the Interests of the Partners shall be adjusted on and after the date such contributions are made by causing the Interests of each Partner to equal the ratio (expressed as a percentage) that such Partner’s aggregate capital contributions to the Partnership on or prior to such date bears to the aggregate capital contributions to the Partnership of all Partners on or prior to such date, taking into account the Voluntary Additional Capital Contribution. For purposes of calculating this adjustment the aggregate capital contribution of each of the Partners as of the date of the admission of EIF as a Limited Partner shall be deemed to be as follows: EI...
Sample 1
Voluntary Additional Capital Contributions. (a) No Member may be required at any time to contribute any additional amounts or assets to the Company in excess of those set forth in Section 3.2 above. (b) If the Manager determines that additional equity capital is required for any purpose of the Company then, subject to receipt of applicable regulatory approvals necessary for (i) the Company to issue securities in exchange for such equity capital and (ii) the Offerees desiring to contribute to acquire such securities, the following procedures shall apply. The Manager shall issue a written call notice to the Offerees advising them of the total funding that the Company seeks, the number, price and other terms and conditions of the Member Units to be issued by the Company (the "Additional Member Units"), and each Offeree's Pro Rata Share thereof. The call notice shall designate the date by which Offerees' binding written subscriptions (described in Section 3.3(c) hereof) to acquire Additional Member Units must be delivered to the Manager (the "Subscription Date"). The Subscription Date shall be at least 45 days after the date of the Manager's call notice. (c) Each Offeree shall have the right, but not the obligation, to deliver to the Manager no later than the Subscription Date an irrevocable written commitment, conditioned solely on the receipt of any applicable regulatory approvals, to acquire a specified number of Additional Member Units ("Subscription Number"). On the Subscription Date, the Manager shall notify each subscribing Offeree of the number of Additional Member Units allocated to it for purchase. (d) In the event that the subscribing Offerees have commited to purchase more Additional Member Units than the total thereof being offered, then the Manager shall determine each Offeree's purchase allocation of Additional Member Units as follows. First, the Manager shall allocate to each subscribing Offeree a number of Member Units equal to the lesser of its Subscription Number or its Pro Rata Share percentage of all Additional Member Units. Second, the Manager shall allocate the remaining Additional Member Units to those Offerees which have subscribed for more than their Pro Rata Share of the offering (an "Overallocation Offeree") by allocating to each such Offeree a number of Additional Member Units equal to the lesser of: (i) the excess of the Offeree's Subscription Number over the number of Member Units already allocated to the Offeree under clause First above; or (ii) its Pro Rata Share percent...
Sample 1
Voluntary Additional Capital Contributions. In the event that the Manager determines that the Company requires additional capital and that the Company is not able to borrow such capital based on its own credit, the Manager shall submit to the Members a plan for raising additional capital from the Members. If such plan is approved by a Majority in Interest of the Members, the Company shall request that each Member make an additional capital contribution to the Company in proportion to the Members' respective Allocation Percentages. No Member shall be obligated to make any additional contribution to the Company's capital; provided, however, that if any Member fails to make an additional capital contribution then the Allocation Percentages of the Members shall be adjusted in a manner set forth in the plan approved by the Majority in Interest of the Members. It is specifically understood that there may be multiple requests for voluntary additional capital contributions from the Members pursuant to this Section 2.02.
Sample 1
Voluntary Additional Capital Contributions. 20 SECTION 3.7 Issuance to Corporate Manager...................................................................21 SECTION 3.8 Adjustment of Tax-Exempt Members' Capital.......................................................23 SECTION 3.9
Sample 1

Related to Voluntary Additional Capital Contributions

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

  • 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.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners 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 $ .

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • 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.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • 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.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

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