Subsequent Capital Contributions by the Limited Partners Sample Clauses

Subsequent Capital Contributions by the Limited Partners. (a) Subsequent to the Initial Contribution Date, each Limited Partner shall make additional capital contributions, in cash, to the Partnership, payable by wire transfer or check, upon at least ten (10) business days’ prior written notice (which may be by facsimile or electronic mail) from the General Partner (the “Drawdown Notice”) at such time (the “Drawdown Date”) and in such amount (the “Drawdown Amount”) as shall be specified in the Drawdown Notice. The Drawdown Amounts of the Limited Partners specified in any Drawdown Notice shall be proportional to their respective Partnership Percentages. Unless otherwise approved by the General Partner, all Limited Partner capital contributions made pursuant to this Agreement must be made through or from a United States bank, or through a banking institution organized within a jurisdiction, territory or region that is a member of the Financial Action Task Force. Furthermore, it is agreed and understood that all amounts (i) contributed by a Limited Partner to the Partnership and (ii) distributed by the Partnership to a Limited Partner, shall be made from and to, respectively, an account in the name of such Limited Partner as specified in the Schedule of Partners. Each Limited Partner shall be obligated to make payment in full of each required capital contribution, together with any interest or other amounts due thereon, and absent express consent of the General Partner, no Limited Partner shall make (nor shall the General Partner or the Partnership be obligated to accept) less than the full amount of any such required capital contribution.
Sample 1
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Subsequent Capital Contributions by the Limited Partners. (a) No Limited Partner shall be obligated to contribute capital to the Partnership in an amount in excess of its Capital Commitment pursuant to Sections 3.1 and 3.2, except as provided in Section 3.2(b), Section 3.2(c) and Section 10.15(b). Subject to the foregoing limitation, subsequent to the date of the Initial Capital Contribution (the ''Initial Contribution Date'') each Limited Partner shall make additional capital contributions, in cash to the Partnership, payable by wire transfer or check, upon at least fifteen (15) days' prior notice (which may be by facsimile or electronic mail) from the General Partner (the ''Drawdown Notice'') at such time (the ''Drawdown Date''), in such amount (the ''Drawdown Amount'') as shall be specified in the Drawdown Notice. Except to the extent needed to maintain confidentiality, each Drawdown Notice shall describe the proposed use of the funds requested, including, where applicable, the name and industry sector of the portfolio company in which funds will be invested by the Partnership. Any such description shall be maintained as confidential by the Limited Partners. Unless otherwise approved by the General Partner, all Limited Partner capital contributions made pursuant to this Agreement must be made in the name of the Limited Partner through or from a United States bank, or through a banking institution organized within a jurisdiction, territory or region approved by the Financial Action Task Force and a Schedule 3 jurisdiction under the Cayman Islands Money Laundering Regulations (2005 Revision). The Drawdown Amounts of the Limited Partners specified in any Drawdown Notice shall be proportional to their respective Capital Commitments to the Partnership.
Sample 1

Related to Subsequent Capital Contributions by the Limited Partners

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • Contributions by Initial Limited Partners (a) On the Closing Date and pursuant to the Underwriting Agreement, each Underwriter shall contribute cash to the Partnership in exchange for the issuance by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • 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.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

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