Contributed Capital. Separate from Working Capital and Capital Construction, Contributed Capital is additional cash or property, but not including real property, paid by one or both of the homeport(s) to the PDA and may be paid in amounts other than based on each Managing Member’s pro rata respective Member Interests (“Contributed Capital”). Contributed Capital may only occur after a vote of each Managing Member, and may be authorized subject to conditions, if any, specified in the authorization. Contributed Capital does not impact or change either homeport’s Membership Interest.
Appears in 2 contracts
Sources: Charter Amendment, Marine Terminal Operator Agreement