Payment of Capital Contributions. All Capital Contributions shall be paid to the Partnership in immediately available funds in United States dollars by 11:00 A.M. (New York City time) on the date and to the account specified by the General Partner. Capital Contributions may include amounts that the General Partner determines in its discretion are necessary or desirable to establish reserves in respect of Partnership Expenses or the Partnership's obligation to make its capital contribution to the Funds.
Payment of Capital Contributions. Capital Contributions by the Members shall be made in U.S. dollars by wire transfer of federal funds to an account or accounts of the Company specified by the Company.
Payment of Capital Contributions. Any Capital Contributions in cash made by the Members shall be made in U.S. dollars by wire transfer of federal funds to an account or accounts of the Company specified by the Company or the Management Board. Except as otherwise provided herein, no Member shall be entitled to any compensation by reason of its Capital Contribution or by reason of serving as a Member. No Member shall be required to lend any funds to the Company.
Payment of Capital Contributions. The Managing Member has made such Capital Contribution to the Company as set forth on Exhibit A in return for such Managing Member’s Managing Member Units and Interests in the Company. Each Non-managing Member has agreed to make the Capital Contribution as set out in its Subscription Agreement and as will be set forth on Exhibit A, as such Exhibit A may be amended, modified, supplemented or restated from time to time in accordance with the terms and conditions of this Agreement, in return for each such Non-managing Member’s Non-managing Member Units and Interests in the Company. To the extent that a Member’s Capital Contribution takes the form of Property or other non-cash assets, the Managing Member shall value such Property or other non-cash assets based upon the Gross Asset Value, as defined above, of such Property or other non-cash assets. No Member shall be required to make any additional Capital Contribution to the Company other than the initial Capital Contribution to the Company as set forth on Exhibit A in return for such Member’s Member Units and Interests in the Company.
Payment of Capital Contributions. From and after the effective date of this Agreement if Capital Contributions are required pursuant to this Article, the General Partner shall provide Notice to Chelsea and Simon of the amount required by the Partnership to pay all costs described in this Article falling due within the next month. Each of the Partners shall, within ten (10) calendar days (time being of the essence) after the receipt of such notice, deposit by wire transfer of immediately available federal funds into the Partnership's bank account, the capital contribution specified in the Notice to be credited to the contributing Partner's Capital Account.
Payment of Capital Contributions. Except as may be otherwise determined by the Management Committee:
Payment of Capital Contributions. The Parties shall respectively be responsible for timely paying their contribution in full to the registered capital and any additional registered capital in accordance with the provisions herein.
Payment of Capital Contributions. All Capital Contributions must be made by wire transfer of immediately available funds or by other means acceptable to the Company prior to Closing. The relevant wire transfer instructions will be provided by the Company. Late payment of Capital Contributions may subject the Subscriber to various penalties as set forth in the Memorandum and herein. ______________ INVESTMENT IN THE COMPANY IS A SPECULATIVE INVESTMENT. SUBSCRIBERS MAY LOSE ALL OR SUBSTANTIALLY ALL OF THEIR INVESTMENT IN THE COMPANY. ______________ WILLOW TREE CAPITAL CORPORATION SUBSCRIPTION AGREEMENT WILLOW TREE CAPITAL CORPORATION 000 Xxxx Xxxxxx, 00xx Xxxxx New York, NY 10022 E-mail: xxxxxxxxxxxx@xxxxxxxxxxxx.xxx Attention: Xxxx Xxxxxxxxxxxx Dear Ladies and Gentlemen:
Payment of Capital Contributions. 5.3.1 The Management Committee shall issue or cause to be issued a written request to each Partner for payment of each installment of Capital Contributions to be made in accordance with Section 5.2, at such times and in such amounts (a) in the case of Capital Contributions to be made in accordance with Section 5.2.2 as shall be consistent with the schedule of Capital Contributions contained in the acquisition or construction fund schedule most recently approved by affirmative vote of members of the Management Committee as provided in this Agreement, subject only to such variations in timing of such payments as may be necessitated by the cash requirements of the Partnership and (b) in the case of Capital Contributions to be made in accordance with Sections 5.2.1 and 5.2.3, as the Management Committee shall approve as provided in this Agreement. All amounts received by the Partnership pursuant to this Section 5.3, whether received prior to, on or after the date specified in Section 5.3.2(d), shall be credited to the respective Partner's Capital Account as of such specified date. All amounts received from a Partner after the date specified in Section 5.3.2(d) by the Partnership pursuant to this Section 5.3 shall be accompanied by interest on such overdue amounts, which interest shall be payable to the Partnership and shall accrue from and after such specified date at a rate equal to the lesser of (x) 2% over the prime rate of Xxxxxx Guaranty Bank from time to time in effect, or (y) the maximum interest rate allowed for this purpose pursuant to the laws of the State of New York. Any such interest paid with respect to a Capital Contribution shall be credited to the respective Capital Accounts of all the Partners, on a pro rata basis in accordance with their respective Percentage Interests as of the date such payment is made to the Partnership after giving effect to the payment of the Capital Contribution with respect to which such interest accrued.
Payment of Capital Contributions. 19 Section 3.5 Option to Purchase Preferred Interest...................20 Section 3.6 Member Loans; Preferred Interests.......................20 Section 3.7
