Additional Capital definition
Examples of Additional Capital in a sentence
No Partner will be required to make Additional Capital Contributions.
No borrowing charge or loan interest will be due or payable to any Partner on their agreed Capital Contribution inclusive of any agreed Additional Capital Contributions.
Additional Capital Contribution shall mean any contribution to the capital of the Company in cash, property, or services by a Member made subsequent to the Member’s initial Capital Contribution.
Decisions regarding the distribution of profits, allocation of losses, and the requirement for Additional Capital Contributions as well as all other financial matters will be decided by a unanimous vote of the Partners.
Any such Additional Capital Contributions shall be made by the Members pro rata in proportion to their Units.