Common use of Additional Capital Calls Clause in Contracts

Additional Capital Calls. Subject to the terms and conditions of this Agreement, the Board of Directors may, from time to time but no more frequently than monthly without the written consent of the Members, make additional capital calls upon the Members to fund upcoming expenses or deficits, which may be based on an estimate of future expenses.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Capmark Finance Inc.), Limited Liability Company Agreement (Gmac Elf LLC)