Common use of Maximum Aggregate Capital Contribution Reduced by Guarantees Clause in Contracts

Maximum Aggregate Capital Contribution Reduced by Guarantees. Notwithstanding Section 3.3.1, the maximum aggregate Capital Contribution obligations set forth above for a Member shall be reduced (but not below zero) on a dollar-for-dollar basis by the maximum aggregate payment obligation then currently guaranteed from time to time by such Member or such Member’s Affiliate or Affiliates under Third Party Guarantee(s) for so long as such Third Party Guarantee(s) continue to be in effect.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cleco Corp)

Maximum Aggregate Capital Contribution Reduced by Guarantees. Notwithstanding Section 3.3.1, the maximum aggregate Capital Contribution obligations set forth above for a Member shall be reduced (but not below zero) on a dollar-for-dollar basis by the maximum aggregate payment obligation then currently guaranteed from time to time by such Member or such Member’s 's Affiliate or Affiliates under Third Party Guarantee(s) for so long as such Third Party Guarantee(s) continue to be in effect.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cleco Corp)