Additional Capital Clause Samples

Additional Capital. The Member shall not be obligated to make any Capital Contributions other than the initial Capital Contributions specified in Section 3.2.

Additional Capital. If the Company requires additional capital beyond the “Loans” described in subsection (b) below, each Member shall also contribute, to the Company, the difference between his/its capital contribution set forth above and the total amount of the approved (such approval to require the unanimous consent of the Members) budget for the acquisition, construction, renovation, pre-opening and working capital of the restaurant(s) contemplated herein.

Additional Capital. Purchaser understands that the Company may need to raise additional financing to support expansion, develop new or enhanced applications and services, respond to competitive pressures, acquire complementary business or technologies or take advantage of unanticipated opportunities. Purchaser understands that the Company may need to raise additional funds by selling debt or equity securities, by entering into strategic relationships or through other arrangements. Purchaser understands that such financing may be dilutive to existing stockholders.

Additional Capital. As determined by the Management Committee (as defined in the Operating Agreement) or in accordance with the Work Plan then in effect, the Parties will work together to secure additional capital for the Company to conduct the Business, either through external sources, internal sources, contribution of goods and services, or a combination thereof, as provided in the Operating Agreement and any Future Related Agreement.

Additional Capital. At or prior to the Closing, the Company shall have (a) received and made available to Kaire capital in the amount of $1,000,000 (including the $700,000 loaned to Kaire in accordance with Section 8.9 above) from the sale of the Company's Convertible Notes or other form of investment, (b) received a written commitment to provide, on or before December 25, 1997, additional capital to the Company in the amount of $500,000 by the purchase of the Company's Convertible Notes or other form of investment, (c) received a written commitment to provide, on or before January 15, 1998, additional capital to the Company in the amount of $500,000 by the purchase of the Company's Convertible Notes or other form of investment, and (d) received a written commitment to provide, on or before February 15, 1998, additional capital to the Company in the amount of $1,000,000 by the purchase of the Company's Convertible Notes or other form of investment.

Additional Capital. (a) In the event the Board approves a request for additional capital from the Members, either in the form of a Capital Loan or Capital Contribution (a “Capital Call”), in accordance with Section 6.7(b) or Section 6.8(a), as the case may be, the Company shall request by written notice that the Members contribute to the Company such additional capital, in proportion to their respective Percentage Interests, as authorized by the Board on not less than five (5) Business Days’ prior notice to the Members or such lesser period as the Members may agree. The notice (the “Capital Call Notice”) shall be sent to all Members and (A) in the case of a Capital Contribution, shall specify (i) the amount of funds to be contributed by each Member, which shall be in proportion to the respective Percentage Interests of the Members determined, in each case, as of the date immediately prior to the Capital Call (each, an “Additional Capital Contribution”), (ii) the date on which funds are to be provided (the “Capital Call Date”) and (iii) the account of the Company to which such funds are to be transmitted, and (B) in the case of a Capital Loan, shall specify (i) the amount of funds to be lent by each Member, which shall be in proportion to the respective Percentage Interests of the Members determined, in each case, as of the date immediately prior to the Capital Call (each, an “Additional Capital Loan”), (ii) the Capital Call Date, (iii) the terms and conditions of such Additional Capital Loan, including the interest rate and maturity date thereof, which shall be identical (other than with respect to amount) for each Member and (iv) the account of the Company to which such funds are to be transmitted. Unless otherwise agreed by the Members, all Additional Capital shall be in cash or immediately available funds. Additional Capital Loans shall be deemed to have been made on the same date if a Member shall have funded such Additional Capital Loan on or before the Capital Call Date. (b) For so long as any Capital Loans remain outstanding, and after payment in full of all principal of, and accrued but unpaid interest on, any Cash Shortfall Loan, all amounts otherwise available for distribution from the Company to the Members (whether before or after the Liquidation of the Company) shall be paid to the Members, if at all, first to repay such Capital Loans until the principal amount thereof and all interest accrued thereon have been paid in full to the lending Members. Payments in res...

Additional Capital. Except as set forth herein, no Member shall be obligated to contribute any additional capital to the Company.

Additional Capital. Capital Contributions may be amended from time to time, according to the requirements of the Partnership provided that the interests of the Partners are not affected, except with the unanimous consent of the Partners. No Partner will be required to make Additional Capital Contributions.

Additional Capital. No Member shall be obligated to contribute any additional capital to the LLC.