Examples of Call Due Date in a sentence
Each of Lifford and PEGI will have the right, by written notice to the General Manager and the other Members at least five (5) business days prior to the Capital Call Due Date, to fund its Optional Capital Contributions through retention by the Company of the fees payable under the Related Documents then accrued, to the extent sufficient to cover such requirements, subject to the timely review and approval of the other Members of the offset amount.
The Capital Call Due Date shall be at least thirty (30) days after receipt of the Capital Call Notice unless a shorter time is agreed to by the Non-Managing Member.
Upon the Management Committee making such a determination, the Company shall provide written notice of such request for additional Capital Contributions (a "Capital Call") to each Member not less than thirty (30) days prior to the date such Optional Capital Contributions are due (the "Capital Call Due Date").
If a Member fails to have the funds Committed by the Additional Capital Call Due Date or fund its required Additional Capital Contribution hereunder, it shall have no further right to purchase additional Membership Units or fund any Additional Capital Contribution.
A Capital Call Notice delivered hereunder shall set forth: (i) the aggregate amount of the required Additional Capital Contribution; (ii) the amount of each Member’s respective Additional Capital Contribution; (iii) the date on which such Additional Capital Contribution is due (the “Call Due Date”), which Call Due Date shall be no earlier than fifteen (15) days from the date of the Capital Call Notice; and (iv) in reasonable detail, the purpose and proposed uses for such Additional Capital Contribution.
Up to date, COCI membership payments are one of the criteria allowing organizations the opportunity to access local and international Table 2 A vast majority of participants reported that they operate as a small or medium-sized organization.
Upon receipt of a Capital Call Notice, each Member shall be required to fund its pro rata share (based on its respective Percentage Interest) of the total funds specified in the Capital Call Notice by wire transfer of immediately available funds to an account of the Company on or prior to the Capital Call Due Date.
If a Member fails to fully pay any required Additional Capital Contribution on or before the Call Due Date, the Percentage Interests of all of the Members shall be adjusted such that each Member’s Percentage Interests shall thereafter equal the proportion that the sum of its aggregate Capital Contributions bears to the aggregate Capital Contributions of all of the Members.
Each Member shall be obligated to pay any such Additional Capital Call on or before the Call Due Date.
Such Capital Call Notice shall set forth the amount of the required funds (the "Required Funds") and a list of Necessary Costs, and shall specify a date (the "Capital Call Due Date") for contribution of such funds.