Capital and Contributions. Upon execution of this Agreement and the commencement of the Company, the Members shall make initial capital contributions to the Company, the nature and value of which are set forth on Exhibit A attached hereto. All capital contributions other than cash shall be valued at their fair market values as of the date of contribution. No Member shall have any obligation to make additional capital contributions to the Company, and no Member shall make any voluntary additional capital contributions to the Company without authorization by the Members.
Appears in 3 contracts
Sources: Operating Agreement (Spanco Industries, Inc.), Operating Agreement (Spanco Industries, Inc.), Operating Agreement (Spanco Industries, Inc.)