No Additional Contributions Clause Samples
The "No Additional Contributions" clause establishes that parties are not required to provide any funds, resources, or assets beyond what is explicitly stated in the agreement. In practice, this means that once the agreed-upon contributions have been made, neither party can be compelled to make further payments or investments, regardless of future needs or shortfalls. This clause serves to protect parties from unexpected financial obligations and ensures that their commitments are clearly defined and limited to what was originally negotiated.
No Additional Contributions. No Member shall be required to contribute any additional capital to the Company, and no Member shall have personal liability for any obligation of the Company except as expressly provided by law.
No Additional Contributions. Except as otherwise expressly provided in this Agreement, neither Owner nor Purchaser shall, under any circumstances, be required to, or provide funds to, build or rebuild any improvement at the Hotel, or make any repairs, replacements, alterations, restorations or renewals of any nature or description to the Hotel, whether ordinary or extraordinary, structural or nonstructural, foreseen or unforeseen.
No Additional Contributions. The Trust is to be funded by the Cy Pres Fund established in the settlement of Keepseagle ▇. ▇▇▇▇▇▇▇, No. 1:99CV03119 (D.D.C.). The Trust shall not accept contributions of additional property from any other source.
No Additional Contributions. No Member shall be permitted or required to make any Capital Contributions to the Company except as provided in Section 3.01 or as otherwise agreed by both Members. All Capital Contributions shall be made in cash unless otherwise expressly agreed to in writing by both Members.
No Additional Contributions. Except as provided in Section 8(a), the Members shall have no obligation to contribute capital to the Company.
No Additional Contributions. Except as provided in Section 3.4, no Partner shall be required to make additional contributions to the Partnership, Any additional contributions that are approved by both Partners shall be made in accordance with their relative Capital Percentages.
No Additional Contributions. The Members are not intended to have personal liability for the obligations of the Company (whether arising in tort, contract or otherwise) above their actual capital commitments established in accordance with Section 5.1 and no contributions, other than the initial contributions, shall be required.
No Additional Contributions. No Member will make or shall be required to make Capital Contributions to the Company in excess of the amounts established pursuant to Section 2.1(a) without the prior written consent of such Member.
No Additional Contributions. Participants may not make Deductible Voluntary Contributions to the Trust for Plan Years beginning after December 31, 1986.
No Additional Contributions. The Investing Members are not required to contribute additional capital or lend funds to the Company.