Additional Reserves. Appropriate additional reserves may be determined and charged to the Managing Members for contingent liabilities, if any, and as agreed to by the Managing Members as of the date any such contingent liability becomes known to the PDA management or either Managing Member, and such other reserves determined and agreed to by the Managing Members; provided, however, that any such reserves shall be charged to the Managing Members pro rata based on their respective Membership Interests.
Appears in 2 contracts
Sources: Charter Amendment, Marine Terminal Operator Agreement