Maximum Aggregate Capital Contributions Clause Samples
The maximum-aggregate-capital-contributions clause sets a cap on the total amount of capital that all investors or partners are required or permitted to contribute to a venture or fund. In practice, this means that once the combined contributions reach the specified maximum, no further capital calls can be made, and additional investments are not accepted from the participants. This clause serves to provide certainty and limit financial exposure for all parties, ensuring that no one is unexpectedly required to contribute more than the agreed-upon total amount.
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Maximum Aggregate Capital Contributions. Subject to the provisions of Section 3.4, each Member agrees to make such further Pro Rata Capital Contributions necessary to fund the Project Costs as they are incurred in accordance with the drawdown schedule attached to the Project Budget and Section 6.1; provided, however, that each Member's aggregate Capital Contribution obligations, including all contributions pursuant to Section 3.2.2, shall not exceed the amount set forth below opposite such Member's name unless otherwise agreed to by such Member: Calpine $250,000,000 Acadia Holdings $250,000,000