Loans/Additional Contributions Clause Samples

Loans/Additional Contributions. 1The Managing Partner shall promptly provide notice to the Partners of any Capital Requirement and the nature thereof, including without limitation as to whether the same relates to a TI Cost. The Odyssey Entities shall not be required to make any contributions or loans to the Partnership on account of any Capital Requirement unless they so elect. If the Odyssey Entities elect to make a contribution to the Partnership on account of any Capital Requirement, then each Partner shall make a contribution (each, an "Additional Contribution") to the Partnership on account of such Capital Requirement in proportion to their respective Percentage Interests within thirty (30) days (or any shorter period (but not less than ten (10) business days) as may be required under the circumstances) following the giving of notice by the Managing Partner of such Capital Requirement. In no event shall the Odyssey Entities' Percentage Interests, share of Profits or Losses or distribution of Net Ordinary Cash Flow or Net Extraordinary Cash Flow be reduced or diminished by reason of any contributions or loans made by Reckson on account of any Capital Requirement nor shall the Capital Accounts of the Odyssey Entities be adjusted as a result of their election not to make any contribution or loan to the Partnership on account of any Capital Requirement.