Additional Contributions Clause Samples
The "Additional Contributions" clause defines the terms under which parties may provide extra resources, services, or support beyond what is originally agreed in the contract. This clause typically outlines the process for offering, accepting, and documenting such contributions, and may specify whether they are mandatory or voluntary, as well as any compensation or recognition involved. Its core practical function is to provide a clear framework for handling supplementary inputs, ensuring that both parties understand their rights and obligations regarding any additional support, and preventing disputes over unanticipated contributions.
POPULAR SAMPLE Copied 11 times
Additional Contributions. The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.
Additional Contributions. The Member is not required to make any additional capital contribution to the Company.
Additional Contributions. The Member is not required to make any additional capital contributions to the Company. The provisions of this Agreement, including this Section, are intended solely to benefit the Member and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor of the Company shall be a third-party beneficiary of this Agreement) and to the fullest extent permitted by law, no Member shall have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement.
Additional Contributions. The Member is not required to make any additional capital contribution to the Company. However, the Member may make additional capital contributions to the Company at any time upon the written consent of such Member. To the extent that the Member makes an additional capital contribution to the Company, the Member shall revise Schedule B of this Agreement. The provisions of this Agreement, including this Section 14, are intended to benefit the Member and the Special Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor of the Company shall be a third-party beneficiary of this Agreement) and the Member and the Special Members shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement.
Additional Contributions. No Member shall be obligated to make any additional contribution to the Company's capital without the prior unanimous written consent of the Members.
Additional Contributions. The Member may elect to make an additional capital contribution. Contributions related to an authorized capital call should be memorialized.
Additional Contributions. Unless a majority of the membership interests vote otherwise, no Member is obligated to make any additional contribution to the Company's capital beyond their initial contribution. The Company may elect to make a capital call from all Members if a majority of the membership interests agree. Any vote for a capital call must be memorialized, including the amounts of capital called. Contributions related to an authorized capital call shall be contributed pro rata based upon each Member's membership interest.
Additional Contributions. No Member shall be obligated to contribute any additional capital to the Company.
Additional Contributions. The Member is not required to make any additional capital contribution to the Company. However, the Member may make additional capital contributions to the Company at any time at its sole discretion. To the extent that the Member makes an additional capital contribution to the Company, the Member shall revise Schedule A of this Agreement. The provisions of this Agreement, including this Section 13, are intended to benefit the Member and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company and the Member shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement.
Additional Contributions. Except as provided in ARTICLE 6.2, no Member shall be obligated to make any additional contribution to the Company's capital.