Loans/Additional Contributions Clause Samples

Loans/Additional Contributions. 1The Managing Partner shall promptly provide notice to the Partners of any Capital Requirement and the nature thereof, including without limitation as to whether the same relates to a TI Cost. The Odyssey Entities shall not be required to make any contributions or loans to the Partnership on account of any Capital Requirement unless they so elect. If the Odyssey Entities elect to make a contribution to the Partnership on account of any Capital Requirement, then each Partner shall make a contribution (each, an "Additional Contribution") to the Partnership on account of such Capital Requirement in proportion to their respective Percentage Interests within thirty (30) days (or any shorter period (but not less than ten (10) business days) as may be required under the circumstances) following the giving of notice by the Managing Partner of such Capital Requirement. In no event shall the Odyssey Entities' Percentage Interests, share of Profits or Losses or distribution of Net Ordinary Cash Flow or Net Extraordinary Cash Flow be reduced or diminished by reason of any contributions or loans made by Reckson on account of any Capital Requirement nor shall the Capital Accounts of the Odyssey Entities be adjusted as a result of their election not to make any contribution or loan to the Partnership on account of any Capital Requirement.
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Related to Loans/Additional Contributions

  • 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.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • 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.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.