No Capital Commitments Clause Samples
The "No Capital Commitments" clause establishes that a party is not required to provide or commit any capital or financial resources under the agreement. In practice, this means that neither party is obligated to invest funds, purchase equity, or otherwise contribute monetary assets as part of their contractual obligations. This clause is commonly used to clarify that the relationship does not involve financial investment, thereby protecting parties from unexpected funding demands and ensuring that the agreement is not misconstrued as a capital-raising arrangement.
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No Capital Commitments. Since the Last Accounting Date the Company has not except in the ordinary course of business made any capital expenditure or incurred any capital commitments nor has it disposed of or realised any substantial capital assets or any interest in such assets. The Company has no outstanding capital commitment and pending Completion no capital commitments or disposals of capital assets or land or any estate or interest in such assets or land will be undertaken by the Company without the prior written consent of the Purchaser.
No Capital Commitments. Pursuant to the terms of the Company Agreement, the LINN Incentive Members, in their respective capacities as LINN Incentive Members, are not obligated to contribute any capital to the Company, except in respect of obligations to repay any Distribution Excess Amounts or as may be required pursuant to the DLLCA.
No Capital Commitments. None of the Companies has entered into any agreement or understanding, whether written or oral, obligating it to make any additional capital contributions to the Portfolio Companies.
No Capital Commitments not entered into, and will not before Closing enter into, any capital commitment, except as agreed by the participants of the Cardiff JVOA, under the Cardiff JVOA;