Common use of (s) Clause in Contracts

(s). If the funds of the Company are at any time insufficient to pay Company Expenses in accordance with the Operating Budget, the Managing Member shall have the right to require that the Members make additional Capital Contributions to the extent of such deficiency.

Appears in 4 contracts

Sources: Operating Agreement (Acadia Realty Trust), Operating Agreement (Acadia Realty Trust), Operating Agreement (Acadia Realty Trust)