Common use of Further Contribution Clause in Contracts

Further Contribution. The partners hereto have also agreed to subscribe further capital in the same ratio as agreed above whenever it is required to do so for the efficiency of the business. At the time of increase of the capital, the additional capital of the partner(s) may be adjusted against the increased capital. The decision to bring in further capital contribution and the form, in which it shall be contributed, shall be taken by the partners in a duly convened meeting of the partners.

Appears in 5 contracts

Sources: Limited Liability Partnership Agreement, Limited Liability Partnership Agreement, Limited Liability Partnership Agreement