Additional Capital Contribution Notice definition

Additional Capital Contribution Notice has the meaning assigned to it in Section 3.1.2(b).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Additional Capital Contribution Notice has the meaning set forth in Section 6.3.

Additional Capital Contribution Notice has the meaning set forth in Section 3 hereof.

Examples of Additional Capital Contribution Notice in a sentence

Each such Member shall deposit its Requested Additional Capital Contribution, if any, by wire transfer of immediately available funds to the designated depositary institution and account of the Company on or before the date set forth in the Requested Additional Capital Contribution Notice.
Each such Member shall deposit its Required Additional Capital Contribution, if any, by wire transfer of immediately available funds to the designated depositary institution and account of the Company on or before the date set forth in the Required Additional Capital Contribution Notice.
Each Additional Capital Contribution Notice shall specify the use of proceeds, the aggregate amount of Additional Capital Contributions requested, and the Additional Capital Contribution amount each Member is required to contribute to the Company.
Within twenty (20) days after the Additional Capital Contribution Notice is sent to the Members, each Member shall contribute to the Company an amount equal to such Member's pro rata share of the aggregate amount identified on the Additional Capital Contribution Notice, based upon each Member's Interest.
Each of the Common Members shall be obligated to contribute capital to the Company pursuant to an Additional Capital Contribution Notice only for Required Capital Contributions and, with respect to any Required Capital Contributions, shall be required to make such Required Capital Contribution on or prior to the applicable Additional Capital Contribution Date.
Each Member shall thereafter be required to make an Additional Capital Contribution pursuant to the terms and conditions contained in the Additional Capital Contribution Notice.
The Board of Directors shall send to each Preferred Member written notice of the Additional Capital Contribution including a description of the purpose of the Additional Capital Contribution, a statement of the potential benefits to the Company and to Members who make such Additional Capital Contribution and a statement of the potential impact upon each Member pursuant to Section 3.4.1 if such Member does not make the Additional Capital Contribution (the "Additional Capital Contribution Notice").
If the Common Members fail to fund (or to commit to fund) the full amount of any Required Capital Contributions within fifteen (15) Business Days of the due date therefor, upon the written demand of any funding Common Member, the Company shall return any amounts funded by such Common Member in connection with the applicable Additional Capital Contribution Notice, provided such funding Common Member shall not be deemed a Non-Funding Member notwithstanding the return of such Additional Capital Contributions.
Subject to the terms of Section 6.6.2, the Board hereby authorizes Company Management to make any capital call that is a Permitted Capital Call by delivering an Additional Capital Contribution Notice in accordance with the terms of this Article III.
Within 15 days from the date of the delivery to all of the Members of an Additional Capital Contribution Notice, each Member shall advance its respective Percentage Interest of the Additional Capital Contribution.

More Definitions of Additional Capital Contribution Notice

Additional Capital Contribution Notice thereof to the Partners. The Additional Capital Contribution Notice shall include the total amount of the additional capital contribution and a date by which the contribution must be made (“Additional Capital Contribution Date”), which shall not be less than fifteen (15) days following the effective date of the Additional Capital Contribution Notice. Each Limited Partner shall be required to contribute to the capital of the Partnership, in cash, such Limited Partner’s respective Percentage Interest of such required Additional Capital Contribution; provided, however, that with respect to a capital call for a ▇▇▇▇▇▇ Retained Liability, ▇▇▇▇▇▇ shall be required to contribute one hundred percent (100%) of the amount of such capital call, but the Additional Capital Contribution pertaining thereto shall not alter the Partners’ Percentage Interests, the Capital Accounts of the Partners, or the Partners’ entitlement to Net Profits and Net Losses. Any and all additional contributions required to be made by a Limited Partner to the capital of the Partnership pursuant to this Section 2.2(a) shall be made by such Limited Partner on the Additional Capital Contribution Date; provided, however that in the event ▇▇▇▇▇▇ disputes in good faith an Additional Capital Contribution Notice issued in respect of a ▇▇▇▇▇▇ Retained Liability by delivery of an Arbitration Notice within ten (10) days following the date of ▇▇▇▇▇▇’▇ receipt of such Additional Capital Contribution Notice, such dispute shall be resolved pursuant to Section 13.19, and the due date for such Additional Capital Contribution shall not be less than fifteen (15) days after the final resolution pursuant to Section 13.19. If ▇▇▇▇▇▇ fails to provide an Arbitration Notice within such ten (10) day period, then notwithstanding anything to the contrary herein, ▇▇▇▇▇▇ shall have no right to dispute the Additional Capital Contribution Notice, which shall be conclusive. Any and all amounts contributed to the capital of the Partnership by any Limited Partner pursuant to this Section 2.2 shall be credited to the Capital Account of such Limited Partner as and when any such contribution is made (except with respect to amounts contributed by ▇▇▇▇▇▇ in respect of ▇▇▇▇▇▇ Retained Liabilities, as to which no such credit shall be given).

Additional Capital Contribution Notice has the meaning assigned to it in Section 2.2(a).