Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.
Members Capital Contributions. Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.
Members Capital Contributions. (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.
Members Capital Contributions. Each organizing member shall be required to make the capital contributions of cash to the Company at the times and in the amounts set forth across from such member's name as shown on Schedule A hereto, as the same may be amended from time to time pursuant to section 7 of this Article, by paying, or causing to be paid, said amount to the Company. Upon receipt of such payment, such amount shall be credited to the member's Capital Account (as such term is defined in Article VI) and shall be available to the Company to pay for the expenses associated with the Company's business activities, pursuant to the Company's procedures for approving expenditures. Members shall not be entitled to interest on the capital contributions. A member's failure to make a scheduled capital contribution shall result in a suspension of such member's voting rights until such time as the member makes the required contribution. The Board may establish an interest penalty for late payments, which interest penalty shall not exceed the lawful rate. For purposes hereof, a member's payment shall not be considered late until ten (10) business days after receipt of a notice from the Company of such member's failure to make a scheduled payment.
Members Capital Contributions. The Members set out in this agreement have previously contributed capital amounts to the company which are described below. The Members may make additional voluntary contributions but are not obligated to do so: Member #1: , has made a capital contribution of (description and value). Member #2: , has made a capital contribution of (description and value). Member #3: , has made a capital contribution of (description and value). Member #4: , has made a capital contribution of (description and value). The aforementioned Members do not have the right or authority to withdraw and otherwise reduce their capital contribution to the Company until the Company has been dissolved unless otherwise stated in this operating agreement. Any liability of the Members which relate to the debt, liability, losses sustained, and obligations of the Company will be limited to the capital contributions the Members have made, the distributions that have been paid to the Members, and the Member’s share of undistributed assets of the Company. This liability will only extend as may be required by the relevant law(s).
Members Capital Contributions. As their initial Capital Contributions to the Company, the Members have contributed or will contribute cash or property as set forth in Exhibit A to this Agreement. Except as set forth in Exhibit A, no Member is required to make Capital Contributions to the Company.
Members Capital Contributions. Each Member has made the initial Capital Contribution provided in Exhibit “A” as the Member’s initial Capital Contribution to the Company.
Members Capital Contributions. Each Member associated with a Series has, in connection with the Conversion, or shall contribute to such Series the amount as is set forth in Exhibit A for each Series attached hereto as its Initial Capital Contribution to the Company with respect to such Series.
Members Capital Contributions. Each Member shall contribute such amount as is set forth on Exhibit A hereto as his, her, or its initial Capital Contribution.
Members Capital Contributions. The Member shall make an initial Capital Contribution to the capital of the Company as described in Article III. The Member shall not be required to make any additional Capital Contributions.
