Additional Capital Contributions definition
Examples of Additional Capital Contributions in a sentence
After ▇▇▇▇▇▇▇▇▇ has paid the Funding Amount, any Additional Capital Contributions shall be borne by the Members on a pro rata basis, as further set forth in and subject to the other terms and conditions of this Agreement.
The Members shall continue to make Additional Capital Contributions in accordance with their respective percentage Membership Interests applicable to the last adopted Budget in response to Contribution Notices from the Operator to fund such operations during a Deadlock, until such Deadlock is resolved by the Board or (if applicable) either Member delivers a Buy/Sell Notice pursuant to the provisions of Section 12.4.
Budget overruns of ten percent (10%) or less shall be considered costs and expenses of the Company, and shall be funded by the Members making Additional Capital Contributions to the Company in proportion to their respective percentage Membership Interests.