Common use of Additional Capital Clause in Contracts

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.

Appears in 2 contracts

Samples: Bradley Operating L P, Bradley Operating L P

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Additional Capital. Except as otherwise provided in Section 3.1 with respect to the General Partner, no No Partner shall be assessed or required to contribute additional funds or other property to the Partnership. Any additional funds or other property required by the Partnership, as determined by the General Partner in its sole discretion, may, at the option of the General Partner and without any obligation to do so, be contributed by the General Partner as additional Capital Contributions. 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.

Appears in 1 contract

Samples: Bradley Real Estate Inc

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 XxxupXxxxxxx Group, 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.

Appears in 1 contract

Samples: Heritage Property Investment Trust Inc

Additional Capital. Except as otherwise provided in Section 3.1 with respect to the General Partner, no No Partner shall be assessed or required to contribute additional funds or other property to the Partnership. If and Any additional funds or other property required by the Partnership, as determined by the General Partner or any other in its sole discretion, may, at the option of the General Partner makes and without an obligation to do so, be contributed by the General Partner as additional Capital Contributions to the Partnership, each such Contributing Partner shall receive additional Units or other Partnership Interests as provided for in Section 3.1Contributions. The General Partner shall also have the right (but not the obligation) to raise any additional funds required for the Partnership by lending funds loaning the money to the Partnership, Partnership or by causing the Partnership to borrow funds the money needed from third parties or other members of the Bradxxx Xxxupparties, in either case on such terms and conditions as the General Partner shall deem appropriate in its sole discretion. If the Partnership borrows the additional funds, 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.

Appears in 1 contract

Samples: Manufactured Home Communities Inc

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Additional Capital. Except as otherwise provided in Section 3.1 with respect to the General Partner, no No Partner shall be assessed or required to contribute additional funds or other property to the Partnership. Any additional funds or other property required by the Partnership, as determined by the General Partner in its sole and absolute discretion, may, at the option of the General Partner and without any obligation to do so, be contributed by the General Partner as additional Capital Contributions. 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 3.13.1 hereof. 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 the necessary 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 discretionappropriate. 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 make additional Capital Contributions or loans to the Partnership without the prior written consent of the General Partner.

Appears in 1 contract

Samples: Inland Retail Real Estate Trust Inc

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