Additional Contributions and Managing General Partner Cash Calls Sample Clauses

Additional Contributions and Managing General Partner Cash Calls. For any fiscal year ending after June 30, 2012, based upon the rate of operations of the Limited Partnership, the then current operating budget and all other relevant factors as determined by the Managing General Partner, the Managing General Partner shall, on or before October 15 of each year with respect to the next Fiscal Year, prepare and furnish to the Limited Partners an operating budget setting forth the estimated funding requirements relating to the Limited Partnership for such period and for each quarter thereof, and a statement showing the amounts of money which the Managing General Partner estimates shall be required under this Agreement from each Limited Partner relating thereto during such period and each quarter thereof. Based upon the budget referred to above, which budget shall be corrected and revised (subject to such further approval) from time to time as the situation may require, the Managing General Partner shall, not less than ten (10) days prior to the first (1st) day of each calendar quarter, furnish to each Limited Partner a current statement showing: – the estimated funding requirements relating to the Limited Partnership which will be required during such calendar quarter (or such longer period as may be reasonably required by the Partners), – the extent, if any, to which such requirements can be satisfied by the funds of the Limited Partnership, and – the balance of funds which will be required to be funded by each Limited Partner. On or before the tenth (10th ) day of such calendar quarter (or such later date as may be specified in such statements), each Limited Partner shall fund the amounts in respect of its Proportionate Share shown to be required of it by such statement.
Sample 1
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Related to Additional Contributions and Managing General Partner Cash Calls

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • General Partner Gross Income Allocation After giving effect to the special allocations in paragraph 2 but prior to any allocations under subparagraphs 1(a) or 1(b), there shall be specially allocated to the General Partner an amount of (i) first, items of Partnership income and (ii) second, items of Partnership gain during each fiscal year or other applicable period in an amount equal to the excess, if any, of (A) the cumulative distributions made to the General Partner under Section 7.3(b) of the Agreement, other than distributions which would properly be treated as “guaranteed payments” or which are attributable to the reimbursement of expenses which would properly be either deductible by the Partnership or added to the tax basis of any Partnership asset, over (B) the cumulative allocations of Partnership income and gain to the General Partner under this subparagraph 1(c)(i).

  • Additional Funding and Capital Contributions If the Board of the Company or Haimeng at any time or from time to time determines that funding and/ or capital contributions to the Company or Haimeng are necessary to conduct the Company’s or Haimeng’s business activities, then:

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Loans from the General Partner; Loans or Contributions from the Partnership or Group Members (a) The General Partner or any of its Affiliates may lend to any Group Member, and any Group Member may borrow from the General Partner or any of its Affiliates, funds needed or desired by the Group Member for such periods of time and in such amounts as the General Partner may determine; provided, however, that in any such case the lending party may not charge the borrowing party interest at a rate greater than the rate that would be charged the borrowing party or impose terms less favorable to the borrowing party than would be charged or imposed on the borrowing party by unrelated lenders on comparable loans made on an arm’s-length basis (without reference to the lending party’s financial abilities or guarantees), all as determined by the General Partner. The borrowing party shall reimburse the lending party for any costs (other than any additional interest costs) incurred by the lending party in connection with the borrowing of such funds. For purposes of this Section 7.6(a) and Section 7.6(b), the term “Group Member” shall include any Affiliate of a Group Member that is controlled by the Group Member.

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