Subsequent Contributions Clause Samples
The "Subsequent Contributions" clause defines the rules and procedures for any additional contributions made by parties after the initial agreement is executed. It typically outlines how new assets, funds, or intellectual property can be added, who must approve such contributions, and how these additions are documented or integrated into the existing arrangement. This clause ensures that the process for expanding the scope of the agreement is clear and agreed upon, preventing disputes or confusion over future contributions.
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Subsequent Contributions. Additional Capital Contributions may be made by the Member at its discretion and shall be reflected in the books and records of the Company.
Subsequent Contributions. Unless unanimously agreed to in writing by the Members, no Member shall be required to make any Capital Contributions other than the Initial Capital Contributions as contemplated by Section 4.1; provided, that, notwithstanding any provisions in this Agreement to the contrary, no Member shall be required to make any Capital Contribution, other than an Initial Capital Contribution, if such Member did not vote to approve such Capital Contribution.
Subsequent Contributions. The Member shall not be obligated to make any Capital Contributions to the Company other than those set forth in Section 6.1.
Subsequent Contributions. Any Partner may, on any business day, make additional cash contributions to the Partnership.
Subsequent Contributions. No Member shall be obligated to make any Capital Contributions to the Company other than those set forth on Exhibit “A.”
Subsequent Contributions. Any person or organization (hereinafter referred to as "Donor"), may make a contribution to the Foundation for the purposes of the Fund by a transfer to the Foundation in whole or in part for the Fund. All contributions to the fund, including the Charitable Donor's initial contribution described in the preceding paragraph, shall be irrevocable. The Foundation, Charitable Donor, and any other Donor may from time to time make additions to the Fund from money or property available to them.
Subsequent Contributions. Additional Capital Contributions shall be made only with the unanimous consent of the Partners.
Subsequent Contributions. The Members shall make subsequent capital contributions of cash from time to time as set forth in the then current Annual Plan and Budget or as otherwise approved pursuant to the Significant Matters Approval process pursuant to Section 6.4.
Subsequent Contributions. (a) From and after the Initial Closing Date, upon the good faith reasonable de- termination of the Board that additional capital is necessary or appropriate for the development of the Company and the Business as contemplated by this Agreement and the Ancillary Agreements, (1) the Board may deliver a notice to each of IMC and ▇▇▇▇▇▇ (each, a “Subsequent Contribution Notice”), setting forth the amount of additional capital so determined to be necessary or appropriate (each such amount, a “Subsequent Contribution” and collectively with the Initial Contributions, the “Contributions”) and (2) each of IMC and ▇▇▇▇▇▇ shall, in consideration for the Initial Equity Issuances to IMC and ▇▇▇▇▇▇, respectively, deliver to the Company at the Subsequent Closing, in cash by wire transfer of immediately available funds to an account designated by the Company, its pro rata (in proportion to its respective Equity Interests in the Company) portion of the applicable Subsequent Contribution (respectively, for the applicable Subsequent Contribution, the “IMC Subsequent Contribution Amount” and “▇▇▇▇▇▇ Subsequent Contribution Amount”). Notwithstanding anything to the contrary contained herein, IMC shall not be required to make more than CAD 19,250,000 in Contribu- tions, in the aggregate, and ▇▇▇▇▇▇ shall not be required to make more than CAD 15,750,000 in Contributions, in the aggregate.
(b) Subject to the proviso in Section 2.04(b), if at any time either IMC or ▇▇▇▇▇▇ (with respect to ▇▇▇▇▇▇, if the Leakage Solution has been achieved, only to the extent that the Sangdong to ▇▇▇▇▇▇ Payments are accessible to ▇▇▇▇▇▇ through the TaeguTec to JV Loan and JV to Sangdong Loan as contemplated by Section 2.04) defaults under its obligations under subsection (a), which default is not cured within five (5) Business Days of notice of such default from the Company, then, without limitation to any other remedies that the other Equityholder or the Company may have under this Agreement, any of the Ancillary Agreements, or applicable Law (including pursuant to Section 14.13), then, at the option of the non-defaulting Equityholder, such defaulting Equityholder shall be deemed to have forfeited its Equity Interests in the Company in full and, without the taking of any action on the part of any Person, be deemed to have withdrawn from the Company, such withdrawal to be effective as of the otherwise applicable Subsequent Closing Date, from and after which date such Equityholder shall not be deemed ...
Subsequent Contributions. No Member will be required to contribute additional capital to the Company. No Member will be permitted to contribute additional capital or loan money to the Company without the approval of the Manager and on such terms as the Manager shall determine.