FAILURE TO CONTRIBUTE. (a) If a Member does not contribute, within 10 Days of the date required, all or any portion of a Capital Contribution that Member is required to make as provided in this Agreement, the other Members may cause the Company to exercise, on notice to
Appears in 4 contracts
Sources: Limited Liability Company Agreement (Somerset Power LLC), Limited Liability Company Agreement (Somerset Power LLC), Limited Liability Company Agreement (Somerset Power LLC)
FAILURE TO CONTRIBUTE. (a) If a Member does not contribute, within 10 Days of the date required, all or any portion of a Capital Contribution that Member is required to make as provided in this Agreement, the other Members may cause the Company to exercise, on notice toto that Member (the "Non-Contributing Member"), one or more of the following remedies:
(i) taking such action (including court proceedings) as the other Members may deem appropriate to obtain payment by the Non-Contributing Member
Appears in 1 contract
Sources: Limited Liability Company Agreement (Louisiana Generating LLC)