LOANS AND ADDITIONAL CAPITAL CONTRIBUTIONS AND CAPITAL CALLS Sample Clauses

LOANS AND ADDITIONAL CAPITAL CONTRIBUTIONS AND CAPITAL CALLS. 2.2.1 If a Funding Notice is properly given by either Member pursuant to Section 2.1.2, each Member shall have the obligation to contribute additional cash to the capital of the Company, in an amount equal to the product of (a) the aggregate amount of required funds that is set forth in such Funding Notice ("Shortfall Disbursement") multiplied by (b) such Member's Funding Proportion, which amount shall be used to satisfy the items described in such Funding Notice. Such Capital Contributions shall be made by the Members pro rata in proportion to their respective Funding Proportions. The Funding Notice shall specify the amount of each Member's share, as so determined, of any Shortfall Disbursement required under this Section 2.2.1. Each Member shall contribute its share of any Shortfall Disbursement within five (5) days after the later to occur of (i) the date on which the Funding Notice has been received (or is deemed to have been received under Section 9.5) or (ii) the required funding date that is set forth in the Funding Notice (the [13] 18 expiration of such five-day period is referred to as the "Due Date"). There shall be a cure period of five (5) days after the Due Date for each Member to contribute its share of such Shortfall Disbursement, as provided in Section 2.2.2.
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LOANS AND ADDITIONAL CAPITAL CONTRIBUTIONS AND CAPITAL CALLS. 2.2.1 If a Funding Notice is properly given by either Member pursuant to Section 2.1.2, each Member shall have the obligation to contribute additional cash to the capital of the Company, in an amount equal to the product of (a) the aggregate amount of required funds that is set forth in such Funding Notice ("Shortfall Disbursement") multiplied by (b) such Member's Funding Proportion, which amount shall be used to satisfy the items described in such Funding Notice. Such Capital Contributions shall be made by the Members pro rata in proportion to their respective Funding Proportions. The Funding Notice shall specify the amount of each Member's share, as so determined, of any Shortfall [13] 18
LOANS AND ADDITIONAL CAPITAL CONTRIBUTIONS AND CAPITAL CALLS. 2.2.1 If a Funding Notice is properly given by the General Partner pursuant to Section 2.1.2, each Partner shall have the obligation to contribute additional cash to the capital of the Partnership, in an amount equal to the product of (a) the aggregate amount of required funds that is set forth in such Funding Notice ("Shortfall Disbursement") multiplied by (b) such Partner's Funding Proportion, which amount shall be used to satisfy the items described in such Funding Notice. Such Capital Contributions shall be made by the Partners pro rata in proportion to their respective Funding Proportions. The Funding Notice shall specify the amount of each Partner's share, as so determined, of any Shortfall Disbursement required under this Section 2.2.1. Each Partner shall contribute its share of any Shortfall Disbursement within five (5) days after the later to occur of (i) the date on which the Funding Notice has been received (or is deemed to have been received under Section 9.5) or (ii) the required funding date that is set forth in the Funding Notice (the expiration of such five-day period is referred to as the "Due Date"). There shall be a cure period of five (5) days after the Due Date for each Partner to contribute its share of such Shortfall Disbursement, as provided in Section 2.2.2. [13] 18 2.2.2 If any Partner fails to contribute the full amount of its Capital Contributions required to be made pursuant to Section 2.1.2 and Section 2.2.1 within five (5) days after the Due Date thereunder ("Defaulting Partner"), then, as the exclusive remedies of the Partnership and the other Partner (the "Non-Defaulting Partner"), the Non-Defaulting Partner shall have the following remedies, exercisable by notice from the Non-Defaulting Partner to the Defaulting Partner (i) to cause the Partnership to sue xxx Defaulting Partner for actual (and not consequential) damages that shall be limited to the portion of the Defaulting Partner's share of the Shortfall Disbursement that was not received timely, plus interest at the Prime Rate and the costs of collection, and (ii) either (a) to elect to lend (or to cause the Non-Defaulting Partner's Affiliates to lend), to the Defaulting Partner or to the Partnership, as Approved by the Non-Defaulting Partner, the amount of such Capital Contribution that was not made timely by the Defaulting Partner, or (b) to elect to contribute the amount of such Capital Contribution that was not made timely by the Defaulting Partner, in which case th...

Related to LOANS AND ADDITIONAL CAPITAL CONTRIBUTIONS AND CAPITAL CALLS

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

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