Examples of Capital Call in a sentence
The initial Investor Capital Call made by the Primary Borrower on the Investors is fully funded.
Each of the Borrowers will, and will cause each other Credit Party to, use the proceeds of any Investor Capital Call only for such purposes as are permitted by its Constituent Documents.
Each Nonmanaging Member that chooses to make its Additional Capital Contribution pursuant to an Additional Capital Call Notice (a Participating Nonmanaging Member ) shall, with fifteen (15) business days of receipt of the applicable Additional Capital Call Notice, notify the Managing Member in writing (each, a Participation Notice ) of its election to make such Additional Capital Contribution.
Each Borrower shall, and shall cause each Pledgor to, deposit any Investor Capital Call proceeds received otherwise into the applicable Collateral Account within five (5) Business Days after receipt.
Upon such determination, the Managing Member shall notify each Nonmanaging Member in writing (each, an Additional Capital Call Notice ) of its intention to make a capital call (each an Additional Capital Call ).