Capital Commitment. (a) Subject to Member Approval or Prior Manager Approval, if applicable, the Company shall cause the Administrative Agent to deliver to each Member that has any obligation in respect of a Capital Commitment, a notice (a “Contribution Notice”) that a Capital Contribution is to be made to the Company (the aggregate amount of such Capital Contribution on any applicable date, a “Drawdown”), which Contribution Notice shall comply with Section 4.2(b) and be provided at least three calendar days prior to the Due Date (as defined below).
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Medley Capital Corp), Limited Liability Company Operating Agreement (Sierra Income Corp)
Capital Commitment. (a) Subject to Member Approval or Prior Manager Approval, if applicable, the Company shall cause the Administrative Agent to deliver to each Member that has any obligation in respect of a Capital Commitment, a notice (a “Contribution Notice”) that a Capital Contribution is to be made to the Company (the aggregate amount of such Capital Contribution on any applicable date, a “Drawdown”), which Contribution Notice shall comply with Section 4.2(b) and be provided at least three calendar business days prior to the Due Date (as defined below).
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Capital Southwest Corp), Limited Liability Company Operating Agreement (Capital Southwest Corp)
