Failure to Pay Additional Capital Contributions Clause Samples

The "Failure to Pay Additional Capital Contributions" clause defines the consequences and procedures that apply when a party does not fulfill their obligation to provide extra funding as required by an agreement. Typically, this clause outlines steps such as issuing a notice of default, granting a cure period, and specifying remedies like dilution of ownership, loss of voting rights, or the right for other parties to cover the shortfall. Its core function is to ensure that all parties meet their financial commitments, thereby protecting the financial stability of the venture and providing clear recourse if a party fails to contribute as agreed.
Failure to Pay Additional Capital Contributions. Upon the second instance of a Member failing to pay the amount of additional capital contributions required to be contributed pursuant to Section 8.4 and Section 8.5.
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Related to Failure to Pay Additional Capital Contributions

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

  • Member Capital Contributions (Check One)

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.