Raising Additional Capital Sample Clauses

Raising Additional Capital. Additional capital may be raised by the LLC through sales of new LLC Units pursuant to an affirmative Supermajority Vote in interest of LLC Members, see Section 5.2 above. Any Member resolution authorizing the raising of additional capital through the sale of LLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts of additional capital required.
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Raising Additional Capital. Additional capital may be raised by the PLLC through sales of new PLLC Units pursuant to ah affirmative Vote in Interest of PLLC members, see Section 3.5(c) above. Any Member resolution authorizing the raising of additional capital through the sale of PLLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts ofadditional capital required.
Raising Additional Capital. One of your other primary duties will be to assist the Company raising the proposed Series B financing and to support this effort through your interaction with prospective investors. Unless the Board of Directors elects to change course and not raise outside capital, the Company needs to raise significant private equity to meet its business objectives with respect to tetrabenazine specifically and with respect to other drugs in the pipeline generally. Accordingly, you will be expected to diligently and earnestly support the capital raising efforts of the Company and to work closely with the Executive Committee, the Board of Directors and other members of the management team to fulfill this objective.

Related to Raising Additional Capital

  • Additional Capital The Member shall not be obligated to make any Capital Contributions other than the initial Capital Contributions specified in Section 3.2.

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

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Deficit Capital Accounts No Member will be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in the Member’s Capital Account.

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