Capital Contributions Capital Accounts and Liability of Members Sample Clauses

Capital Contributions Capital Accounts and Liability of Members. (a) Each Member has contributed in cash to the capital of the LLC the amount set forth opposite such Member's name on Schedule A hereto. Additional capital contributions may be made by any Member if agreed to by all Members. Except as otherwise provided in this Section 7, no Member shall be obligated or permitted to contribute any additional capital to the LLC. No interest shall accrue on any contributions to the capital of the LLC, and no Member shall have the right to withdraw or be repaid any capital contributed by it or to receive any other payment in respect of its interest in the LLC, including, without limitation, as a result of the withdrawal or resignation of such Member from the LLC, except as specifically provided in this Agreement.
Sample 1
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Capital Contributions Capital Accounts and Liability of Members. (a) Each Member has contributed in cash to the capital of the LLC the amount set forth opposite such Member’s name on Schedule A under the heading “Initial Contribution”. Additional capital contributions may be made by any Member if agreed to by the Manager and the holders of a majority of the outstanding Shares or if permitted by Section 2(d)(xi), and shall be reflected on Schedule A hereto. The Manager shall have the right to amend Schedule A to reflect the admission of additional Members in accordance with this Agreement. The Manager shall furnish promptly to each of the Members any revisions to Schedule A that may be effected.
Sample 1
Capital Contributions Capital Accounts and Liability of Members. (a) The Member has contributed to the capital of the LLC the property set forth opposite such Member's name on SCHEDULE A hereto and the Member's percentage interest in the ownership of the LLC ("Percentage Interest"), is also set forth thereon.
Sample 1
Capital Contributions Capital Accounts and Liability of Members. (a) Capital contributions may be made by any Member if agreed to by all the Members in writing and, if so made, shall be reflected on Schedule A hereto. Additional capital contributions may be made by any Member if agreed to by all the Members and shall be reflected on an amendment to Schedule A hereto. (b) Except as otherwise provided in this Section 4, no Member shall be obligated or permitted to contribute any additional capital to the L.L.C.. No interest shall accrue on any contributions to the capital of the L.L.C., and no Member shall have the right to withdraw or to be repaid any capital contributed by it or to receive any other payment in respect of its interest in the L.L.C., including, without limitation, as a result of the withdrawal or resignation of such Member from the L.L.C., except as specifically provided in this Agreement. (c) A separate capital account (a "Capital Account") shall be established for each Member, and shall be maintained in accordance with applicable regulations under the Internal Revenue Code of 1986, as amended (the "Code"). To the extent consistent with such regulations, there shall be credited to each Member's capital account the amount of any contribution of capital made by such Member to the L.L.C. plus such Member's share of the net profits of the L.L.C. (including income and gain exempt from tax), and there shall be charged against each Member's capital account the amount of all distributions to such Member plus such Member's share of the net losses of the L.L.C. (including allocations of L.L.C. expenditures described in Code Section 705(a)(2)(B)). (d) The liability of the Members for the losses, debts and obligations of the L.L.C. shall be limited to their capital contributions. No Member, in his, her or its capacity as a Member, shall have any liability to restore any negative balance in his, her, or its Capital Account. In no event shall any Member, in his, her, or its capacity as a Member, be personally liable for any liabilities or obligations of the L.L.C.. (e) All assets of the L.L.C. are property of the L.L.C. and no Member shall have severable rights or interests in such property except by agreement of all of the Members. 5.
Sample 1
Capital Contributions Capital Accounts and Liability of Members. (a) Member previously contributed to the Company cash in the amount set forth on Exhibit A attached hereto.
Sample 1
Capital Contributions Capital Accounts and Liability of Members. (a) Each Member has contributed in cash to the capital of the LLC the amount set forth opposite such Member’s name on Schedule A hereto. Additional capital contributions may be made by any Member if agreed to by the Members and shall be reflected on Schedule A hereto.
Sample 1
Capital Contributions Capital Accounts and Liability of Members 
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Related to Capital Contributions Capital Accounts and Liability of Members

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Capital Accounts of the Partners A. The Partnership shall maintain for each Partner a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to this Agreement and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to this Agreement and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof.

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

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