Additional Capital Clause Samples

Additional Capital. The Member shall not be obligated to make any Capital Contributions other than the initial Capital Contributions specified in Section 3.2.

Additional Capital. (a) In the event the Board approves a request for additional capital from the Members, either in the form of a Capital Loan or Capital Contribution (a “Capital Call”), in accordance with Section 6.7(b) or Section 6.8(a), as the case may be, the Company shall request by written notice that the Members contribute to the Company such additional capital, in proportion to their respective Percentage Interests, as authorized by the Board on not less than five (5) Business Days’ prior notice to the Members or such lesser period as the Members may agree. The notice (the “Capital Call Notice”) shall be sent to all Members and (A) in the case of a Capital Contribution, shall specify (i) the amount of funds to be contributed by each Member, which shall be in proportion to the respective Percentage Interests of the Members determined, in each case, as of the date immediately prior to the Capital Call (each, an “Additional Capital Contribution”), (ii) the date on which funds are to be provided (the “Capital Call Date”) and (iii) the account of the Company to which such funds are to be transmitted, and (B) in the case of a Capital Loan, shall specify (i) the amount of funds to be lent by each Member, which shall be in proportion to the respective Percentage Interests of the Members determined, in each case, as of the date immediately prior to the Capital Call (each, an “Additional Capital Loan”), (ii) the Capital Call Date, (iii) the terms and conditions of such Additional Capital Loan, including the interest rate and maturity date thereof, which shall be identical (other than with respect to amount) for each Member and (iv) the account of the Company to which such funds are to be transmitted. Unless otherwise agreed by the Members, all Additional Capital shall be in cash or immediately available funds. Additional Capital Loans shall be deemed to have been made on the same date if a Member shall have funded such Additional Capital Loan on or before the Capital Call Date. (b) For so long as any Capital Loans remain outstanding, and after payment in full of all principal of, and accrued but unpaid interest on, any Cash Shortfall Loan, all amounts otherwise available for distribution from the Company to the Members (whether before or after the Liquidation of the Company) shall be paid to the Members, if at all, first to repay such Capital Loans until the principal amount thereof and all interest accrued thereon have been paid in full to the lending Members. Payments in res...

Additional Capital. The Parties will use their best efforts to secure additional capital for the Company, either through external sources, internal sources, or a combination thereof, provided that prior to this securing additional capital, Parties mutually agree on these additional sources.

Additional Capital. As determined by the Management Committee (as defined in the Operating Agreement) or in accordance with the Work Plan then in effect, the Parties will work together to secure additional capital for the Company to conduct the Business, either through external sources, internal sources, contribution of goods and services, or a combination thereof, as provided in the Operating Agreement and any Future Related Agreement.

Additional Capital. At or prior to the Closing, the ------------------ Company shall have (a) received and made available to Kaire capital in the amount of $1,000,000 (including the $700,000 loaned to Kaire in accordance with Section 8.9 above) from the sale of the Company's Convertible Notes or other form of investment, (b) received a written commitment to provide, on or before December 25, 1997, additional capital to the Company in the amount of $500,000 by the purchase of the Company's Convertible Notes or other form of investment, (c) received a written commitment to provide, on or before January 15, 1998, additional capital to the Company in the amount of $500,000 by the purchase of the Company's Convertible Notes or other form of investment, and (d) received a written commitment to provide, on or before February 15, 1998, additional capital to the Company in the amount of $1,000,000 by the purchase of the Company's Convertible Notes or other form of investment.

Additional Capital. For a Member, except as otherwise provided in this Agreement, the sum of all capital contributions made by such Member under this Agreement other than Crescent’s Initial Capital and CNL’s Initial Capital. “Additional Capital” shall not include any Member Loan. Additional Capital Request Date. As described in Section 4.5(b).

Additional Capital. Except as set forth herein, no Member shall be obligated to contribute any additional capital to the LLC.

Additional Capital. Capital Contributions may be amended from time to time, according to the requirements of the Partnership provided that the interests of the Partners are not affected, except with the unanimous consent of the Partners. No Partner will be required to make Additional Capital Contributions.

Additional Capital. The Company may require capital funds for the payment of debts and liabilities of the Company or to provide additional capital. In the event the managers have reasonably determined that additional capital is required for the purposes set forth above or for any other proper business purposes, the managers may seek the additional capital from the Members in accordance with the following procedure: (a) The managers shall prepare and present a funding plan at a duly called meeting of the Members; (b) Such funding plan shall become effective only upon its approval by the Members then holding at least fifty-one (51) percent of the Company's then outstanding interests; and (c) Such funding plan shall include a request for additional capital, which request shall be made to each Member in proportion to the percentage interest in the capital of the Company of each such Member. If any Member declines to make such additional capital contribution ("non-contributing Member"), the other Members shall have the right to contribute such capital in a proportionate amount according to their respective percentage interests. For purposes of this section, the term "proportionate amount" shall mean that portion of the requested additional capital which the percentage interest owned by each of the Members bears to the aggregate percentage interest of all the Members. In addition, if any requested additional capital is not contributed by the Member first entitled thereto, the term "proportionate amount" shall include that portion of the requested additional capital not contributed by the Member first entitled thereto which the percentage interest of the Member bears to the aggregate percentage interest of all the Members other than the Member first entitled to contribute. The managers shall then determine the dilution of the percentage interest of the non-contributing Member by using the net fair market value (as hereafter determined) of the Company's assets immediately prior to the request for additional capital and then the percentage interest of each Member shall be adjusted by the managers to reflect such dilution. In determining the fair market value of the Company for purposes of this paragraph, the Members may unanimously agree upon the fair market value of the Company. If the Members cannot agree upon a fair market value, then within thirty (30) days after the Member declines to make the additional capital contribution, the Company shall appoint one appraiser and the non-co...