Cash Notice definition
Examples of Cash Notice in a sentence
Within the twenty (20) day period following the date of receipt by a Member of a Cash Notice, the Member shall contribute to the Company its Required Amount.
Within twenty (20) Business Days following the date of the Cash Notice, each Member shall pay to the Company the Member’s Requested Amount.
Each Partial Cash Notice will be effective on and after the tenth (10th) day such notice has been delivered to a holder.
If the Company fails to issue any Cash Notice authorized by the first sentence of this Section 6.2(c) which is required to meet Company needs, PC Member shall have the right to issue such Cash Notice.
If a Cash Notice has not been delivered within sixty (60) days following Buyers’ receipt from Seller of reasonably satisfactory evidence of the Bank Account Balances, then all Bank Account Balances shall be deemed to be Retained Funds.
The Cash Notice shall fix a due date for the contribution which shall be no less than ten (10) Business Days following the date of the Cash Notice.
Each Member shall pay to such Series on or prior to the due date the Member’s Requested Amount by wire transfer of immediately available funds to the bank account designated in the Cash Notice.
In the event the Members mutually determine to make a capital contribution to the Company pursuant to Section 6.2(b), the Company shall issue a notice to all of the Members (the “Cash Notice”) setting forth the amount of cash required from each Member (i.e., such Member’s Percentage Interest of the aggregate funds required by the Company specified in such Cash Notice) (each Member’s “Requested Amount”).
If Manager fails to issue any Cash Notice with respect to any Capital Contributions required hereunder, Investor shall have the right to issue such Cash Notice.
The Members shall approve or disapprove the request within 10 business days following the date of the Cash Notice or the request shall be deemed disapproved.