Capital Contribution definition
Examples of Capital Contribution in a sentence
No Member may withdraw all or any part of its Capital Contribution except with the unanimous consent of the mangers or as provided in Article III (regarding distributions generally) or Article VIII (regarding dissolution of the Company).
Except as otherwise specifically provided in this Agreement, each Member shall only be entitled to look solely at the assets of Company for the return of his or her positive Capital Account balance and shall have no recourse for his or her Capital Contribution and/or share of Net Profits (upon dissolution or otherwise) against the Manager or any other Member except as provided in Article 9.
Amounts to be returned to the Partners that are described in the preceding sentence shall be returned to all Partners in proportion to the Capital Contribution made by each such Partner.
Any reference in this Agreement to a Capital Contribution of or distribution to a then-Member shall include without limitation a Capital Contribution or distribution previously made by or to any prior Member on account of the Interest of such then-Member.
Each cash Capital Contribution to the Partnership must be made in dollars by wire transfer of immediately available funds to an account designated by the General Partner.