Mandatory Additional Capital Contributions. If at any time the LLC does not ------------------------------------------ have (i) sufficient funds to fulfill its obligation to redeem Units pursuant to Section 10.3, (ii) Available Cash Flow to fulfill its obligations to pay the ------------ Preferred Return pursuant to Section 4.1 or (iii) sufficient funds, in the ----------- judgment of the Board, to conduct its operations, then, within ten days of receipt of a written request from the Board, the Class M Member shall make additional Capital Contributions to the LLC; provided, however, that the Class M Member's obligation to make additional Capital Contributions pursuant to this Section 2.4 is limited, in the aggregate, to $250,000. -----------
Appears in 1 contract
Sources: Limited Liability Company Agreement (Forest Bank LLC)
Mandatory Additional Capital Contributions. If at any time the LLC ------------------------------------------ does not ------------------------------------------ have (i) sufficient funds to fulfill its obligation to redeem Units pursuant to Section 10.3, (ii) Available Cash Flow to fulfill its obligations to ------------ pay the ------------ Preferred Return pursuant to Section 4.1 or (iii) sufficient funds, in ----------- the ----------- judgment of the Board, to conduct its operations, then, within ten days of receipt of a written request from the Board, the Class M Member shall make additional Capital Contributions to the LLC; provided, however, that the Class M -------- ------- Member's obligation to make additional Capital Contributions pursuant to this Section 2.4 is limited, in the aggregate, to $250,000. -----------
Appears in 1 contract
Sources: Limited Liability Company Agreement (Forest Bank LLC)