Permanent Contribution. If the Additional Contribution/Loan Members elect under Section 4.06(a)(ii) to have the Additional Contribution/Loan treated as a permanent Capital Contribution, then the Sharing Ratios of each Member will be automatically adjusted to equal each Member’s total Capital Contributions when expressed as a percentage of all Members’ Capital Contributions (after giving effect to the Capital Contribution made by the Additional Contribution/Loan Members).
Appears in 2 contracts
Sources: Limited Liability Company Agreement (EQT Corp), Limited Liability Company Agreement (EQT Corp)
Permanent Contribution. If Subject to Section 4.06(a), if the Additional Contribution/Loan Contribution Members elect under Section 4.06(a)(ii4.06(a) to have the Additional Contribution/Loan Contribution treated as a permanent Capital Contributioncapital contribution, then each Additional Contribution Member that funds a portion of the Additional Contribution shall have its capital account increased accordingly and the Members’ Membership Interests and Sharing Ratios of each Member will be automatically adjusted to equal each Member’s total Capital Contributions when expressed as a percentage of all Members’ Capital Contributions (after giving effect to the Capital Contribution made by the Additional Contribution/Loan Members)Contributions.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (New Jersey Resources Corp)
Permanent Contribution. If the Additional Contribution/Loan Members elect under Section 4.06(a)(ii) to have the Additional Contribution/Loan treated as a permanent Capital Contribution, then the Sharing Ratios of each the Additional Contribution/Loan Members and the Non-Contributing/Loan Member will be automatically adjusted to equal each Member’s total Capital Contributions when expressed as a percentage of all such Members’ Capital Contributions (after giving effect to the Capital Contribution made by the Additional Contribution/Loan Members).
Appears in 2 contracts
Sources: Limited Liability Company Agreement (RGC Resources Inc), Limited Liability Company Agreement (EQT Midstream Partners, LP)
Permanent Contribution. If Subject to Section 3.06(a), if the Additional Contribution/Loan Contributing Members elect under Section 4.06(a)(ii3.06(a) to have the Additional Contribution/Loan Contribution treated as a permanent Capital Contributioncapital contribution, then each Additional Contributing Member that funds a portion of the Sharing Ratios of each Member Additional Contribution shall have its Capital Account increased accordingly and the Members’ Membership Interests and Percentage Interests will be automatically adjusted to equal each Member’s total Capital Contributions when expressed as a percentage of all Members’ Capital Contributions (after giving effect to the Capital Contribution made by the Additional Contribution/Loan Members)Contributions.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.), Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)
Permanent Contribution. If Subject to Section 4.06(a), if the Additional Contribution/Loan Contribution Members elect under Section 4.06(a)(ii4.06(a) to have the make an Additional Contribution/Loan treated as a permanent Capital Contribution, then the Members’ Member Interests and Sharing Ratios of each Member will be automatically adjusted to equal the amount, when expressed as a percentage, that is determined by dividing each Member’s total net Capital Contributions when expressed as a percentage of Contributions, by all Members’ total net Capital Contributions (after giving effect to the Capital Contribution made by the Additional Contribution/Loan Members)Contributions.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Spectra Energy Partners, LP)