Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 67 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 65 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, : (1) no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution; and (2) any additional contributions are valid so long as made in any manner consistent with Sections 63.175 and 63.180 of the Act. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, : (1) no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution; and (2) any additional contributions are valid so long as made in any manner set forth in Section 00-00-000 of the Act. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, : (1) no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution; and (2) any additional contributions are valid so long as made in any manner set forth in Sections 20-1 and 20-5 of the Act. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, : (1) no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution; and (2) any additional contributions are valid so long as made in any manner consistent with Sections 101.151 and 101.153 of the Law. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, : (1) no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution; and (2) any additional contributions are valid so long as made in any manner consistent with Section 428-401 of the Act. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interestinterest and comply with Section 1706.28 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interestinterest and comply with Section 1706.28 of the Act.
Appears in 1 contract
Samples: Operating Agreement
Additional Contributions. Unless a majority of the membership interests Members vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Appears in 1 contract
Samples: Operating Agreement