Default Deadline Sample Clauses

Default Deadline. If any Applicable Member Defaults on that Applicable Member’s obligation to make Capital Contributions as required under a Mandatory Call Notice by the Mandatory Funding Deadline, and in each case, the failure continues for 30 days (the last day of the 30-day period, the “Default Deadline”) after written notice of it has been given by any other Applicable Member, (the default amount being the “Default Amount”), then from and after the Default Deadline, that Applicable Member will be deemed a Defaulting Member (and a “Non-Funding Member”), and (without limiting the applicability of any other provisions of this Agreement) the terms of Section 4.1(c) will apply to that Non-Funding Member.