Payment of Capital Contributions. All Capital Contributions shall be paid to the Partnership in immediately available funds in United States dollars by 11:00 A.M. (New York City time) on the date and to the account specified by the General Partner. Capital Contributions may include amounts that the General Partner determines in its discretion are necessary or desirable to establish reserves in respect of Partnership Expenses or the Partnership's obligation to make its capital contribution to the Funds.
Payment of Capital Contributions. Capital Contributions by the Members shall be made in U.S. dollars by wire transfer of federal funds to an account or accounts of the Company specified by the Company.
Payment of Capital Contributions. Any Capital Contributions in cash made by the Members shall be made in U.S. dollars by wire transfer of federal funds to an account or accounts of the Company specified by the Company or the Management Board. Except as otherwise provided herein, no Member shall be entitled to any compensation by reason of its Capital Contribution or by reason of serving as a Member. No Member shall be required to lend any funds to the Company.
Payment of Capital Contributions. The Managing Member has made such Capital Contribution to the Company as set forth on Exhibit A in return for such Managing Member’s Managing Member Units and Interests in the Company. Each Non-managing Member has agreed to make the Capital Contribution as set out in its Subscription Agreement and as will be set forth on Exhibit A, as such Exhibit A may be amended, modified, supplemented or restated from time to time in accordance with the terms and conditions of this Agreement, in return for each such Non-managing Member’s Non-managing Member Units and Interests in the Company. To the extent that a Member’s Capital Contribution takes the form of Property or other non-cash assets, the Managing Member shall value such Property or other non-cash assets based upon the Gross Asset Value, as defined above, of such Property or other non-cash assets. No Member shall be required to make any additional Capital Contribution to the Company other than the initial Capital Contribution to the Company as set forth on Exhibit A in return for such Member’s Member Units and Interests in the Company.
Payment of Capital Contributions. Except as may be otherwise determined by the Management Committee:
Payment of Capital Contributions. The Parties shall respectively be responsible for timely paying their contribution in full to the registered capital and any additional registered capital in accordance with the provisions herein.
Payment of Capital Contributions. From and after the effective date of this Agreement if Capital Contributions are required pursuant to this Article, the General Partner shall provide Notice to Chelsea and Simon of the amount required by the Partnership to pay all costs described in this Article falling due within the next month. Each of the Partners shall, within ten (10) calendar days (time being of the essence) after the receipt of such notice, deposit by wire transfer of immediately available federal funds into the Partnership's bank account, the capital contribution specified in the Notice to be credited to the contributing Partner's Capital Account.
Payment of Capital Contributions. 5.3.1 The Management Committee shall issue or cause to be issued a written request to each Partner for payment of each installment of Capital Contributions to be made in accordance with Section 5.2, at such times and in such amounts (a) in the case of Capital Contributions to be made in accordance with Section 5.2.2 as shall be consistent with the schedule of Capital Contributions contained in the acquisition or construction fund schedule most recently approved by the Management Committee (by Majority Vote or Super-Majority Vote, as applicable) as provided in this Agreement, subject only to such variations in timing of such payments as may be necessitated by the cash requirements of the Partnership, and (b) in the case of Capital Contributions to be made in accordance with Sections 5.2.1, 5.2.3 and 5.2.4, as the Management Committee shall approve (by Majority Vote or Super-Majority Vote, as applicable) as provided in this Agreement. All Capital Contributions received by the Partnership pursuant to this Section 5.3, whether received prior to, on or after the date specified in Section 5.3.2(d), shall be credited to the respective Partner’s Capital Account as of such specified date. All Capital Contributions received from a Partner after the date specified in Section 5.3.2(d) shall be accompanied by interest on such overdue amounts, which interest shall be payable to the Partnership and shall accrue from and after such specified date at a rate equal to the lesser of (x) 2% over the per annum rate of interest established from time to time by XX Xxxxxx Xxxxx Bank, NA at its principal office in New York, NY, as its prime rate, or (y) the maximum interest rate allowed for this purpose pursuant to the laws of the State of New York. Any such interest paid with respect to a Capital Contribution shall be credited to the respective Capital Accounts of all the Partners, on a pro rata basis in accordance with their respective Percentage Interests as of the date such payment is made to the Partnership after giving effect to the payment of the Capital Contribution with respect to which such interest accrued.
Payment of Capital Contributions. TESI and ECD shall make Capital Contributions pursuant to Section 3.1 in accordance with the procedures set forth in the Budget Protocol. The Management Committee shall issue or cause to be issued a written request to each Member for payment of any Capital Contributions to be made in accordance with Section 3.3 at such times and in such amounts as the Members shall determine, provided that the due date for any such Contributions shall be not less than 10 Business Days following the date of such request. All Capital Contributions received by the Company after the date specified in such written request shall be accompanied by interest on such overdue amounts, which interest shall be payable to the Company and shall accrue from and after such specified date until paid at an annual rate equal to 2% over the Prime Rate.
Payment of Capital Contributions. The capital contributions to be contributed in the form of property pursuant to the Greenville/ Spartanburg Contribution Agreement or the IPWT Contribution Agreement shall be made at the time and in the manner set forth in those agreements which in the case of the Partners contributing assets pursuant to those agreements shall represent their entire commitment. In no event shall the TCI Entities be required to contribute more than forty-nine percent (49%) of the total capital contributions to the Partnership (excluding the capital contributions of the Preferred Limited Partner with respect to the Preferred Limited Partnership Interest). Except as otherwise agreed to by the Partnership and any Partner, the provisions of this Section 2.1(f) shall apply to all committed capital contributions to be made in cash. Included in the first capital call by the Partnership, the Partners will pay the portion of their committed capital contributions necessary to pay the organizational expenses of the Partnership up to a maximum of $300,000 (in aggregate). The committed capital contributions of the Limited Partners shall be paid on fifteen (15) business days written notice in the following manner: (i) as the General Partner determines is necessary or appropriate for meeting the funding requirements of the Partnership or to comply with the Partnership's obligations to make capital contributions to IP-IV or any Investing Partnership, (ii) commencing on January 1, 1996, on the first day of each calendar quarter of each year to the extent determined necessary by the General Partner for the payment of Partnership expenses or the reimbursement of the General Partner for Partnership expenses described in Section 3.2; and (iii) as necessary to pay the Administration Fee as set 12 forth in Section 4.6. The amount to be paid by each Partner in respect of each such capital call shall be determined by first requiring any additional Partner admitted to the Partnership pursuant to Section 2.1(c) (and any other Partner to the extent of any non-pro rata increase in its capital commitment pursuant to Section 2.1(d)) ("New Partner") to pay an amount such that the proportion of capital contributions paid by such New Partner in relation to the committed capital contributions of such New Partner is the same as the proportion of capital contributions previously made by the other Partners, other than Partners who contributed property pursuant to the Greenville/Spartanburg Contribution Agreemen...
