Common use of Capital Commitment Clause in Contracts

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). (b) All Contribution Notices shall specify: (i) the U.S. Dollar amount of such Member’s share of the relevant Drawdown, which shall be determined as described in Section 4.2(c); (ii) the due date of such Drawdown (the “Due Date”); and (iii) the bank account of the Company to which such Drawdown is to be paid. (c) Each Member’s required Capital Contribution in respect of a Drawdown shall be pro rata based on the Members’ respective Capital Commitments. (d) Each Member shall contribute to the Company either (i) by wire transfer of immediately available funds the U.S. Dollar amount specified for such Member in such Contribution Notice or (ii) with Member Approval, other property.