Additional Contributions to Capital. A Partner may, with the consent of the General Partner, make additional contributions to the capital of the Partnership on any date selected by the General Partner.
Additional Contributions to Capital. It is recognized and anticipated that the Partnership may require additional capital from time to time in order to accomplish the purposes and continue the business for which it is formed, and it is hereby agreed that the General Partner, in its sole discretion, may determine whether the capital of the Partnership shall be increased from time to time; provided, that such right is strictly personal to the General Partner and shall not be susceptible of exercise by creditors or other successors in interest thereto. In the event that the General Partner determines that an increase in capital is necessary, such determination shall be submitted in writing to each Limited Partner and, within thirty (30) days following receipt of such notice, each Limited Partner shall notify the General Partner of his approval or disapproval of such increase, and failure to respond timely shall constitute disapproval. In the event that More than Fifty Percent (50%) in Interest of the Partners approve such increase, then the Partnership capital shall be increased pro rata in the ratio of the respective Partners’ capital accounts. If such increase is approved as set forth above and any Partner refuses or fails to contribute his portion of such additional capital within fifteen (15) days following written notice of approval of the increase, the remaining Partners shall have the right to contribute in proportion to their respective capital accounts the additional amounts necessary to total the recommended increased capital; provided further that the respective proportionate interest of each Partner shall be adjusted in proportion to his resulting capital account, it being the intention of this paragraph that all Partners shall have the right to contribute additional capital in proportion to their respective capital accounts; but, in the event that one or more fail or refuse thus to contribute, then, in order to compensate those who make additional capital contributions in excess of their ratable responsibility, their respective Partnership interests shall be increased in proportion to their additional contributions; provided further, however, that there shall be no obligation of any Partner to contribute additional capital even if More than Fifty Percent (50%) in Interest of the Partners approve of such increase in capital. In the event that the General Partner determines that capital shall be reduced or decreased, no approval of the Limited Partners shall be required. Any resulting...
Additional Contributions to Capital. (a) If at any time the Primary Obligor’s A.M. Best’s Capital Adequacy Ratio (“BCAR”) falls below 150%, the Guarantor shall within a reasonable time make additional contributions to the capital of the Primary Obligor necessary to raise the Primary Obligor’s BCAR to at least 150%.
Additional Contributions to Capital. Upon the acquisition of a Security pursuant to ARTICLE 18 below, the Investment Committee shall assign the Security to a Pool, whether previously existing or newly created, and issue Units in such Pool to each Partner who made an Additional Contribution to Capital with respect to such Security based on the amount so contributed.
Additional Contributions to Capital. (a) The Managing Member may, at any time, or from time to time, determine that additional capital in excess of prior capital contributions is necessary for the operation of the Company (a “Capital Call”). In the event of a Capital Call, the Managing Member shall serve written notice (the “Capital Call Notice”) of such Capital Call upon each Member. The Capital Call Notice shall set forth: (i) the amount of additional capital required (the “Capital Call Amount”); (ii) the specific purpose for the Capital Call Amount; (iii) the number and class of Units to be issued for the Capital Call Amount; (iv) the preferred return, if any, on the Units, whether the return shall be cumulative, and, if so, from which date or dates, and the relative rights of priority, if any, of payment of the preferred return; (v) whether the Units shall have voting rights, in addition to the voting rights provided by law, and, if so, the terms of such voting rights; (vi) the rights of the Units to distributions, whether before or in connection with the liquidation, dissolution or winding up of the Company, and the relative rights of priority, if any, of any such payments on Units; and (vii) any other relative rights, preferences and limitations of the Units. Each Member may contribute, within thirty (30) days following receipt of the Capital Call Notice (the “Capital Call Period”), a pro rata amount of the Capital Call Amount based on the number of Units owned by the Members (as to each Member, the “Additional Capital”).
Additional Contributions to Capital. Any Member may at any time, with the unanimous written consent of the Members, make additional contributions to the capital of the Company. The Manager may request additional contributions to capital from the Members in proportion to their Percentage Interests. If any Member fails to contribute additional capital, then the other Member(s) may contribute the additional capital not paid in by the refusing Member and shall receive an increase in the proportionate share of the ownership or interest in the entire Company in direct proportion to the additional capital contributed. If more than one Member wishes to contribute the additional capital not paid by the refusing Member, each Member shall be permitted to contribute a pro rata share.
Additional Contributions to Capital
