Additional Contributions by Members. The members may agree, from time to time by unanimous vote, to require the payment of additional capital contributions by the members, on or by a mutually agreeable date.
Additional Contributions by Members. (a) In the event that the Members Committee determine that an additional capital contribution, payable in cash or other property (or combination thereof), is necessary or advisable, each Member will be notified in writing by the Members Committee, at least sixty (60) days prior to the date on which such capital contribution is payable (the "Due Date"), of the amount of the capital contribution required from each of them, on a pro rata basis, determined in accordance with such Member's respective Percentage Interest, and the Due Date for such capital contribution. Each such capital contribution shall be payable in cash unless otherwise determined by vote of the Members Committee. Such contributions, when made by a Member, shall be credited to such Member's Capital Account.
Additional Contributions by Members. Although no Member shall be required to contribute additional funds to the Company, the Members acknowledge that the business of the Company may not produce sufficient income to discharge its operating costs and that additional cash contributions may be necessary to pay the obligations of the Company as they become due. Accordingly, should the Members determine that it is necessary or appropriate to raise additional funds, then the following provisions shall apply:
Additional Contributions by Members. As a single-member LLC there is no need for this provision as no further contributions will be required, however if in the future other members are added, this provision will be required and updated.
