Capital Contributions Loans. 6 3.1 Capital Contributions and Loans.................................6 3.2
Capital Contributions Loans. Following the execution of this Agreement, the Member intends to contribute $1,000 to the capital of the Company. Without creating any rights in any third party, the Member may, but shall not be required to, make additional contributions to the capital of the Company from time-to-time. In addition to its capital contributions, the Member may from time-to-time loan or advance funds to or for the benefit of the Company.
Capital Contributions Loans. AND LIABILITIES ---------------
Capital Contributions Loans. AND LIABILITIES 6.1 Initial Capital Contributions of the Partners..................................................41 6.2
Capital Contributions Loans. 2 Section 3.1 - Capital............................................................ 2 Section 3.2 - Interest........................................................... 2 Section 3.3 - Additional Required Funds.......................................... 2 Section 3.4 - Loans.............................................................. 3 Section 3.5 - Distributions and Withdrawals...................................... 3 Section 3.6 - Subsequent Partners................................................ 3
Capital Contributions Loans. A Joint Venturer fails to make any Capital Contribution hereunder, or loans in lieu thereof pursuant to Section 3.5.1 when and as due.
Capital Contributions Loans. 12 SECTION 3.1 PARTNERS............................................... 12 -------- SECTION 3.2 ADDITIONAL CAPITAL CONTRIBUTIONS....................... 12 -------------------------------- SECTION 3.3 WITHDRAWAL OF CAPITAL.................................. 12 --------------------- SECTION 3.4 LOANS.................................................. 13 -----
Capital Contributions Loans. The Member may contribute cash or other property to the Company as the Member shall determine from time to time. The Company may borrow money from the Member or third parties as determined from time to time in the sole and absolute discretion of the Member.
Capital Contributions Loans. The Members named in Exhibit B have agreed to make their respective Capital Contributions to the Company, as set out in column (2) against their names in Exhibit B. No additional equity capital contributions are anticipated. However, Members may be required to participate in such future capital calls as may be authorized by the Company as provided for herein on a pro rata basis in accordance with their respective percentage of membership interest in the Company. In the event that a capital call is approved, the Members shall, subject to applicable law, be issued new Shares in exchange for capital contributions as determined by the Directors in respect of each Member's actual contribution towards its pro rata capital call obligation. If a Member fails to meet its pro rata capital call obligation, the Shares in respect of that portion of the capital call obligation which is unpaid shall be liable to be forfeited at the discretion of the Directors. Every Share so forfeited shall thereupon become the property of the Company and may be sold or re-alloted or otherwise disposed of to any other Member upon such terms and in such manner as the Directors shall think fit. Following the close of the capital call, the Directors shall issue a memorandum to the membership reflecting the newly adjusted percentage of membership interests.
Capital Contributions Loans. Without creating any rights in any third party, the Member may, but shall not be required to, make contributions to the capital of the Company from time to time. In addition to its capital contributions, the Member may from time to time loan or advance funds to or for the benefit of the Company.
