Additional Capital. The Member shall not be obligated to make any Capital Contributions other than the initial Capital Contributions specified in Section 3.2.
Additional Capital. For a Member, except as otherwise provided in this Agreement, the sum of all capital contributions made by such Member under this Agreement other than Crescent’s Initial Capital and CNL’s Initial Capital. “Additional Capital” shall not include any Member Loan. Additional Capital Request Date. As described in Section 4.5(b).
Additional Capital. If the Company requires additional capital beyond the “Loans” described in subsection (b) below, each Member shall also contribute, to the Company, the difference between his/its capital contribution set forth above and the total amount of the approved (such approval to require the unanimous consent of the Members) budget for the acquisition, construction, renovation, pre-opening and working capital of the restaurant(s) contemplated herein.
Additional Capital. No Member shall be obligated to contribute any additional capital to the LLC.
Additional Capital. Capital Contributions may be amended from time to time, according to the requirements of the Partnership provided that the interests of the Partners are not affected, except with the unanimous consent of the Partners. No Partner will be required to make Additional Capital Contributions. Whenever additional capital is determined to be required and an individual Partner is unwilling or unable to meet the additional contribution requirement within a reasonable period, as required by Partnership business obligations, remaining Partners may contribute in proportion to their existing Capital Contributions to resolve the amount in default. In such cases, the allocation of profits or losses among all the Partners will be adjusted to reflect the aggregate change in the Capital Contributions by the Partners. Any advance of money to the Partnership by any Partners in excess of the amounts provided for in this Agreement or subsequently agreed to as Additional Capital Contribution will be deemed a debt owed by the Partnership and not an increase in Capital Contribution of the Partner. This liability will be repaid with interest at rates and times to be determined by a majority of the Partners within the limits of what is required or permitted in the Act. This liability will not entitle the lending Partner to any increased share of the Partnerships profits nor to greater voting power. Such debts may have preference or priority over any other payments to Partners as may be determined by a majority of Partners.
Additional Capital. Except as otherwise provided in Section 3.1 with respect to the General Partner, no Partner shall be assessed or required to contribute additional funds or other property to the Partnership. If and as the General Partner or any other Partner makes additional Capital Contributions to the Partnership, each such Contributing Partner shall receive additional Units or other Partnership Interests as provided for in Section 3.1. The General Partner shall also have the right (but not the obligation) to raise any additional funds required for the Partnership by lending funds to the Partnership, or by causing the Partnership to borrow funds from third parties or other members of the Bradxxx Xxxup, on such terms and conditions as the General Partner shall deem appropriate in its sole discretion. If the General Partner elects to cause the Partnership to borrow funds, it may cause one or more of the Partnership's assets to be encumbered to secure the loan. No Limited Partner shall have the right to contribute additional Capital Contributions to the Partnership without the prior written consent of the General Partner.
Additional Capital. At or prior to the Closing, the Company shall have (a) received and made available to Kaire, at or prior to the Closing, capital in the amount of $1,000,000 (including the $700,000 loaned to Kaire in accordance with Section 8.9 above) from the sale of the Company's Convertible Notes or other form of investment, (b) received a written commitment to provide, on or before December 25, 1997, additional capital to the Company in the amount of $500,000 by the purchase of the Company's Convertible Notes or other form of investment, (c) received a written commitment to provide, on or before January 15, 1998, additional capital to the Company in the amount of $500,000 by the purchase of the Company's Convertible Notes or other form of investment, and (d) received a written commitment to provide, on or before February 15, 1998, additional capital to the Company in the amount of $1,000,000 by the purchase of the Company's Convertible Notes or other form of investment.
Additional Capital. As determined by the Management Committee (as defined in the Operating Agreement) or in accordance with the Work Plan then in effect, the Parties will work together to secure additional capital for the Company to conduct the Business, either through external sources, internal sources, contribution of goods and services, or a combination thereof, as provided in the Operating Agreement and any Future Related Agreement.
Additional Capital. Except as set forth herein, no Member shall be obligated to contribute any additional capital to the Company.
Additional Capital. Purchaser understands that the Company may need to raise additional financing to support expansion, develop new or enhanced applications and services, respond to competitive pressures, acquire complementary business or technologies or take advantage of unanticipated opportunities. Purchaser understands that the Company may need to raise additional funds by selling debt or equity securities, by entering into strategic relationships or through other arrangements. Purchaser understands that such financing may be dilutive to existing stockholders.
