Common use of Required Additional Capital Contributions Clause in Contracts

Required Additional Capital Contributions. The Members shall contribute to the Company, in proportion to the number of Units they hold, such additional Capital Contributions which may be required to defray, in whole or in part, expenses of any construction, reconstruction, structural repair or replacement of Company Property, as approved by the Members by Two-Thirds Vote of the Units, and to acquire any Units or other property that the Company has determined to acquire from a Member or a Member's transferee as provided herein. The Members shall also contribute, in proportion to the number of Units they hold, an assessment to make up any projected or actual operating deficit and to provide reserves for repair or replacement of any Company Property ("Operating Contributions"

Required Additional Capital Contributions. The Members shall contribute to the Company, in proportion to the number of Units they hold, such additional Capital Contributions which may be required to defray, in whole or in part, expenses of any construction, reconstruction, structural repair or replacement of Company Property, as approved by the Members by Two-Thirds Majority Vote of the Units, and to acquire any Units or other property that the Company has determined to acquire from a Member or a Member's transferee as provided herein. The Members shall also contribute, in proportion to the number of Units they hold, an assessment to make up any projected or actual operating deficit and to provide reserves for repair or replacement of any Company Property ("Operating Contributions"