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:
Additional Funding and Capital Contributions. 23 A. GENERAL...................................................23 B.
Additional Funding and Capital Contributions. The Managing Member may, subject to the terms of this Agreement and at any time and from time to time, determine that the Company requires additional funds for such purposes as the Managing Member may determine. Any additional funds required by the Company shall be contributed by the Managing Member. Notwithstanding the foregoing two sentences, the Managing Member shall make all Capital Contributions required by this Agreement to be made by the Managing Member on or after the Measurement Date, including those required by Sections 5.5, 7.1.B(9) and 7.1.B(10), whether or not it has made a determination that additional funds are required. Any Holder shall have the right to enforce the obligations of the Managing Member to make the Capital Contributions required by this Agreement, including those required by Sections 5.5, 7.1.B(9) and 7.1.B(10). No Holder shall have any liability or obligation with respect to or on account of any Capital Contribution or other payment made or required to be made by the Managing Member under this Agreement and the Managing Member hereby unconditionally releases all Holders from any such liability or obligation. Subject to the next sentence, any Holder shall have the right, at any time at its option, to agree to restore all or any portion of any deficit in its Capital Account by agreeing to make a Capital Contribution upon the liquidation of the Company, as defined in Section 13.2.C (a "Deficit Restoration Obligation"). Should the Managing Member notify a Holder that the Managing Member reasonably believes the Holder will be allocated during a taxable year income in excess of the income that otherwise would be allocated to it pursuant to Section 6.2.A unless it agrees to such a Deficit Restoration Obligation (or an increased amount of a Deficit Restoration Obligation), the Holder shall have 60 days from the receipt of such notice to notify the Managing Member whether, and if so, how much of a Deficit Restoration Obligation (or an increased amount of a Deficit Restoration Obligation) it desires for the taxable year. If such Holder does not notify the Managing Member within such 60 day period, it shall be precluded from agreeing to or increasing its Deficit Restoration Obligation for such taxable year.
Additional Funding and Capital Contributions. . . 20 Section 4.4
Additional Funding and Capital Contributions. A. If funds are needed by the Company to pay any Emergency Costs, for any item included in an Approved Annual Plan or to fund any matter which has been approved as a Major Decision, then the Manager shall, from time to time as necessary, give notice to all Members of the Company’s need for such funds (a “Capital Call”). A Member which has made a Coverage Contribution under Section 2.3.B. shall also be deemed to have made a Capital Call as further provided in said Section 2.3.B. Any Capital Call shall specify the total amount the Company requires (or needs to repay a Coverage Contribution if a Capital Call is made pursuant to Section 2.3.B.) and the date (the “Financial Need Date”) such funds are required to be contributed to the Company, which date shall not in any event be earlier than the expiration of fifteen (15) days after the Capital Call is given for a contribution under this Section 2.3. On or before the Financial Need Date, each Member shall contribute to the Company, as a Capital Contribution, an amount equal to the total amount specified in the Capital Call multiplied by its then Percentage Interest.
Additional Funding and Capital Contributions
