Common use of Additional Capital Contributions of the Partners Clause in Contracts

Additional Capital Contributions of the Partners. (a) If the General Partner reasonably determines that Available Funds are insufficient to satisfy projected needs of the Partnership, then in addition to the Initial Capital Contribution of the Partners required to be made pursuant to Section 3.1, the General Partner may require that the Partners make one or more additional capital contributions to the Partnership. Each Partner shall make an Additional Capital Contribution to the Partnership within ten (10) days following receipt of the demand therefor by the General Partner, pro rata in accordance with their respective Sharing Ratios.

Appears in 2 contracts

Samples: Partnership Agreement (Easy Gardener Products LTD), Limited Partnership Agreement (Us Home & Garden Trust I)

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Additional Capital Contributions of the Partners. (a) If the General Partner reasonably determines that Available Funds are insufficient to satisfy projected needs of the Partnership, then in addition to the Initial Capital Contribution of the Partners required to be made pursuant to Section 3.1, the General Partner may require that the Partners make one or more ----------- additional capital contributions to the Partnership. Each Partner shall make an Additional Capital Contribution to the Partnership within ten (10) days following receipt of the demand therefor by the General Partner, pro rata in accordance with their respective Sharing Ratios.

Appears in 2 contracts

Samples: Fiber Glass Systems Lp, Fiber Glass Systems Lp

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