Voluntary Capital Contributions Clause Samples

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Voluntary Capital Contributions. Except for the Members’ obligation to make its respective Initial Capital Contribution, the Members shall not be required to make any additional capital contribution to the Company. To the extent that any operating revenue and the proceeds of any loans to the Company are insufficient to fully fund the development costs set forth in the Budget, any additional capital requirements shall be fulfilled by one or more member loans (“Member Loans”) in accordance with this Section 14.
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Voluntary Capital Contributions. No Member may make any voluntary contribution of capital to the Company without the written consent of at least three-fourth (3/4) of the Percentage Interests of the Members.
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Voluntary Capital Contributions. (a) At any time during the period commencing on the Initial Effective Date, and ending on the second anniversary of the Initial Effective Date, the Board may solicit the Members to make one or more additional Capital Contributions to the Company (each such solicitation, a “Voluntary Capital Call”, and each such contribution, a “Voluntary Capital Contribution”) for the benefit of the Company, up to an amount not to exceed $5,000,000 in the aggregate in any twelve (12) month period following the Initial Effective Date (the “Voluntary Capital Call Cap”).‌ (b) Notwithstanding Section 4.4(a), the Board may, by Supermajority Vote, solicit Voluntary Capital Contributions (i) at any time until the second anniversary of the Initial Effective Date, in an amount exceeding the Voluntary Capital Call Cap; (ii) at any time following the second anniversary of the Initial Effective Date, in any amount; and (iii) at any time, if such Voluntary Capital Contribution is necessary for the Company to ensure that the Exchange maintains, and complies with any regulatory requirements applicable to, its status as a facility of an SRO pursuant to the Exchange Act or to satisfy any other regulatory obligation, to the extent of any amount exceeding the Regulatory Capital Call Cap. (c) As part of a Board vote in accordance with paragraph (a) or (b) of this Section 4.4, the Board shall determine (i) the aggregate dollar amount of such Voluntary Capital Call; (ii) the date by which such Voluntary Capital Contribution shall be made (which shall provide for not less than thirty (30) days written notice); (iii) the FMV of the Company with respect to such Voluntary Capital Call (without giving effect to any Voluntary Capital Contributions in respect of such Voluntary Capital Call); (iv) the Per Common Interest FMV with respect to such Voluntary Capital Call (without giving effect to any Voluntary Capital Contributions in respect of such Voluntary Capital Call); and (v) such other matters as the Board may determine. Upon a Board vote in accordance with paragraph (a) or (b) of this Section 4.4, the Board shall promptly provide each Member with written notice (“Voluntary Call Notice”) of such Voluntary Capital Call, which notice shall specify: (i) the matters determined by the Board pursuant to the immediately preceding sentence; (ii) such Member’s Economic Common Interest Percentage as of the date of the Voluntary Call Notice; and (iii) the reason for such Voluntary Capital‌ Call. Each Member sh...
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Voluntary Capital Contributions. Except as provided in Section 4.04(b), no Member shall have any obligation to the Company, to any other Member or to any creditor of the Company to make any Capital Contributions and no Member shall make any Capital Contribution without the prior written consent of the Manager; provided, that any Member may voluntarily make additional Capital Contributions in exchange for Class A Units at any time pursuant to a valid exercise of Preemptive Rights.
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Voluntary Capital Contributions. The Members may make Capital Contributions to the Company with the written consent of both Members, in which event the Company shall adjust the Members' Percentage Interests in the manner unanimously agreed by the Members.
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Related to Voluntary Capital Contributions

  • Member Capital Contributions (Check One)

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.