Required Additional Capital Contribution definition
Examples of Required Additional Capital Contribution in a sentence
The Non-Delinquent Member may elect to have its Required Additional Capital Contribution returned to it by the Company.
The Non-Delinquent Member may fund the amount of the Required Additional Capital Contribution not made by the Delinquent Member, such amount together with the amount funded by the Non-Delinquent Member shall be treated as a loan to the Company by the Non-Delinquent Member.
The failure of a Member to make a Requested Additional Capital Contribution pursuant to Section 3.2(b) or a Required Additional Capital Contribution pursuant to Section 3.2(a)(vi) or (vii) shall not constitute a default or breach by the Defaulting Member under this Agreement.
Each such Member shall deposit its Required Additional Capital Contribution, if any, by wire transfer of immediately available funds to the designated depositary institution and account of the Company on or before the date set forth in the Required Additional Capital Contribution Notice.
Subject to the terms and conditions of the Partnership Agreement, Gen Par shall give BOP Sub LP notice of each BOP Required Additional Capital Contribution at least thirty (30) days prior to the required date of funding of such BOP Required Additional Capital Contribution.
Except for Required Additional Capital Contributions mandated by the provisions of Exhibit D, the amount of each Required Additional Capital Contribution shall be determined by the Board of Managers.
Each Member's respective share of each Budgeted Additional Capital Contribution or Approved Extraordinary Required Additional Capital Contribution (an "Additional Capital Contribution") specified in a notice from the Manager shall be in proportion to each Member's Percentage Interest immediately prior to the request for the Additional Capital Contribution and shall be specified in such notice and shall be contributed no later than thirty (30) days from the date of such notice.
If a Member does not make any Required Additional Capital Contribution when and as required from it pursuant to this Agreement, that Member (the “Non-Complying Member”) shall be in default under this Agreement.
For the avoidance of doubt, no Required Additional Capital Contribution Notice shall be necessary for any Required Additional Capital Contribution mandated by the provisions of Exhibit D.
The Non-Delinquent Member may fund the amount of the Required Additional Capital Contribution not made by the Delinquent Member, such amount together with the amount funded by the Non-Delinquent Members shall be treated as a loan to the Company by the Non-Delinquent Members.