Common use of Other Effects Clause in Contracts

Other Effects. Until a Defaulting Member has cured its obligation to make a Mandatory Capital Contribution or the non-Defaulting Member has elected to contribute the Defaulting Member's share of the Mandatory Capital Contribution pursuant to Section 10.3.2.1(i) above, the Defaulting Member will, in addition to the remedies described above, be subject to the following:

Appears in 3 contracts

Sources: Memorandum of Understanding (Artistdirect Inc), Memorandum of Understanding (Artistdirect Inc), Memorandum of Understanding (Artistdirect Inc)