Common use of Failure to Make Contributions Clause in Contracts

Failure to Make Contributions. If a Member does not timely contribute capital when required, that Member shall be in default under this Agreement. In such event, a non-defaulting Member shall send the defaulting Member written notice of such default, giving such Member fourteen (14) days from the date such notice is given to contribute the entire amount of its required Capital Contribution. If the defaulting Member does not contribute its required capital to the Company within said fourteen (14)-day period, those non-defaulting Members who hold a majority of the Percentage Interests held by all non-defaulting Members may elect any one or more of the following remedies:

Failure to Make Contributions. If a Member does not timely contribute ----------------------------- capital when required, that Member shall be in default under this Agreement. In such event, a the non-defaulting Member shall send the defaulting Member written notice of such default, giving such Member fourteen him ten (1410) days from the date such notice is given to contribute the entire amount of its required Capital Contributioncapital contribution. If the defaulting Member does not contribute its required capital to the Company within said fourteen ten (14)-day 10) day period, those the non-defaulting Members who hold a majority of the Percentage Interests held by all non-defaulting Members Member may elect any one or more either of the following remedies:

Failure to Make Contributions. If a Member does not timely contribute capital when required, that Member shall be in default under this Agreement. In such event, a non-the non-. defaulting Member Members shall send the defaulting Member written notice of such default, giving such the defaulting Member fourteen thirty (1430) days from the date such notice is given to contribute the entire amount of it or its required Capital Contributioncapital contribution. If the defaulting Member does not contribute its required capital to the Company within said fourteen thirty (14)-day 30) day period, those non-defaulting Members who hold a majority of the Percentage Interests held by all non-defaulting Members may elect any one or more of the following remedies:

Failure to Make Contributions. If a Member does not timely contribute capital when required, that Member shall be in default under this Agreement. In such event, a non-defaulting Member the Managers shall send the defaulting Member written notice of such default, giving such Member him or her fourteen (14) days from the date such notice is given to contribute the entire amount of its his or her required Capital Contributioncapital contribution. If the defaulting Member does not contribute its his or her required capital to the Company within said fourteen (14)-day period, the Managers or those non-defaulting Members who hold a majority of the Percentage Interests held by all non-defaulting Members may elect any one or more of the following remedies: