Common use of Loans by Members; Additional Capital Contributions Clause in Contracts

Loans by Members; Additional Capital Contributions. Except as otherwise provided for or contemplated in this Agreement or approved by all of the Members, no Member shall be required to, or permitted to, make any loan or additional Capital Contribution to the Company.

Appears in 6 contracts

Samples: Operating Agreement (Hersha Hospitality Trust), Operating Agreement (Hersha Hospitality Trust), Operating Agreement (Pebblebrook Hotel Trust)

AutoNDA by SimpleDocs

Loans by Members; Additional Capital Contributions. Except No Member, as otherwise provided for or contemplated in this Agreement or approved by all of the Memberssuch, no Member shall be required to, to lend any funds to the Company or permitted to, to make any loan or additional Capital Contribution to the Company, except as otherwise required by applicable law or by this Agreement.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.