Common use of Additional Capital Calls Clause in Contracts

Additional Capital Calls. As the Board from time to time determines that the Company requires additional capital pursuant to the foregoing provisions, the Company shall give notice to each Member of (i) the total amount of additional capital required, designating the amount that is attributable to Operating Expenses and the amount attributable to Brand Maintenance Fees relating to such Member’s License; (ii) each Member’s proportionate share (based on Percentage Interest) of the total additional capital to be contributed to the Company for Operating Expenses; and (iii) the date such Member’s additional Capital Contribution is due and payable, which date shall be not less than ten (10) business days after the date such notice was given (which shall be the same date for both Members for any Capital Contributions relating to Operating Expenses).