Common use of Commitment for Second Capital Contribution Clause in Contracts

Commitment for Second Capital Contribution. Each Member, by executing and delivering its respective Joinder, agrees to make a second Capital Contribution to the Company in an amount equal to that Member's respective initial Capital Contribution. The second Capital Contributions will be deemed accepted by the Company on such date as the Manager determines the contribution eligible for tax credits.

Appears in 5 contracts

Sources: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement

Commitment for Second Capital Contribution. Each Member, by executing and delivering its respective Joinder, or otherwise as a signatory to this Agreement, agrees to make make, on or before April 15th of the next year, a second Capital Contribution to the Company in an amount equal to that Member's ’s respective initial Capital Contribution. The second Capital Contributions will be deemed accepted by the Company on such date as the Manager determines the contribution eligible for tax creditsdetermines.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Commitment for Second Capital Contribution. Each Member, by executing and delivering its respective Joinder▇▇▇▇▇▇▇, agrees to make a second Capital Contribution to the Company in an amount equal to that Member's respective initial Capital Contribution. The second Capital Contributions will be deemed accepted by the Company on such date as the Manager determines the contribution eligible for tax credits.

Appears in 1 contract

Sources: Operating Agreement

Commitment for Second Capital Contribution. Each Member, by executing and delivering his, her or its respective Joinder▇▇▇▇▇▇▇, agrees to make make, on or before the deadline stated in Paragraph B of the “Background” section at the beginning of this Agreement, a second Capital Contribution to the Company in an amount equal to that Member's ’s respective initial Capital Contribution. The second Capital Contributions will be deemed accepted by the Company on such date as the Manager determines the contribution eligible for tax creditsdetermines.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement

Commitment for Second Capital Contribution. Each Member, by executing and delivering his, her or its respective Joinder, agrees to make make, on or before the deadline stated in Paragraph B of the “Background” section at the beginning of this Agreement, a second Capital Contribution to the Company in an amount equal to that Member's ’s respective initial Capital Contribution. The second Capital Contributions will be deemed accepted by the Company on such date as the Manager determines the contribution eligible for tax creditsdetermines.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement