No Obligation to Make Additional Capital Contributions Sample Clauses
The "No Obligation to Make Additional Capital Contributions" clause establishes that parties, typically members or shareholders of a company or partnership, are not required to contribute more capital beyond their initial agreed-upon investment. In practice, this means that if the business needs additional funds in the future, existing members cannot be compelled to provide more money unless they voluntarily choose to do so. This clause protects investors from unexpected financial demands and ensures that their maximum financial exposure is limited to their original commitment, thereby providing certainty and managing risk for all parties involved.
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No Obligation to Make Additional Capital Contributions. Except as set forth in Sections 3.1.2 and 3.1.3, no Member will be required to make any additional Capital Contributions or to make loans to the Company, and the Members do not intend that the "deficit restoration obligation" described in Section 1.704-1(b)(2)(ii)(c) of the Treasury Regulations or any successor provision thereto be incorporated into this Agreement.
No Obligation to Make Additional Capital Contributions. Except as provided in Sections 7.5 and 10.5 hereof, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise). No Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.
No Obligation to Make Additional Capital Contributions. Except as provided in Sections 4.2 and 10.4 hereof or elsewhere in this Agreement, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise). No Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise. Each Partner shall own the number of OP Units set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional OP Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Percentage Interest.
No Obligation to Make Additional Capital Contributions. Each Partner shall own the number of Common Units and other Partnership Units set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional Common Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Percentage Interest. Except as provided in Sections 4.2, 10.5 or elsewhere in this Agreement, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
No Obligation to Make Additional Capital Contributions. Each Partner shall own the number of Partnership Units set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Percentage Interest. The number of Partnership Units held by the General Partner, in its capacity as general partner, (equal to one percent (1%) of all outstanding Partnership Units (exclusive of the Convertible Unit) from time to time) shall be deemed to be the General Partner Interest. Except as provided in Sections 4.2, 5.4 or 10.5, or elsewhere in this Agreement, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
No Obligation to Make Additional Capital Contributions. Each Partner shall own the number of Partnership Units set forth for such Partner in EXHIBIT A and shall have a Capital Percentage Interest in the Partnership as set forth in EXHIBIT A, which Capital Percentage Interest shall be adjusted in EXHIBIT A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Capital Percentage Interest. The number of Partnership Units held by the General Partner, in its capacity as general partner, (equal to one percent (1%) of all outstanding Partnership Units from time to time) shall be deemed to be the General Partner Interest. Except as provided in Sections 4.2, 5.7 or 10.5, or elsewhere in this Agreement, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
No Obligation to Make Additional Capital Contributions. No Member shall be required by the terms of this Agreement to purchase additional Units or otherwise make additional Capital Contributions to the Company.
No Obligation to Make Additional Capital Contributions. No Member shall be obligated to make any additional Capital Contributions to the Company.
No Obligation to Make Additional Capital Contributions. No Member has agreed to make or is obligated to advance any additional funds to the Company in excess of such Member’s Initial Capital Contributions (“Additional Capital Contributions”); provided, however, if such additional funds are contributed by a Member as a Capital Contribution, they shall be deemed Additional Capital Contributions hereunder. No Member shall be liable for any deficit in such Member’s Capital Account or be required to bring such Member’s Capital Account in parity with any other Member’s Capital Account.
No Obligation to Make Additional Capital Contributions. Except as provided in Section 4.02 or elsewhere in this Agreement, the Limited Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.