Capital Contribution definition
Examples of Capital Contribution in a sentence
Any such loan or other transaction shall not be deemed a Capital Contribution under this Agreement unless specifically approved upon, in writing, by the Manager.
A Member, irrespective of the nature of their Capital Contribution, shall only have the right to demand and receive cash in return for their Capital Contribution.
An advance described in this Section constitutes a loan from the Member to the Company, bears interest at a rate determined by the Member from the date of the advance until the date of payment, and is not a Capital Contribution.
No Member shall be permitted or authorized to make any additional Capital Contribution without the prior approval or at the request of the Manager.
Such Member or Members making Additional Capital Contributions shall receive a Capital Account credit for each such additional Capital Contribution at the time and in the amount that such Capital Contribution is received by the Company and the related Percentage Interests shall be adjusted accordingly in the records of the Company.