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This excerpt taken from the GIS 10-Q filed Jan 6, 2005. 2.2 Additional Contributions. (a) Each GMI Member may contribute from time to time such additional Cash or other property as it may determine; provided that any Capital Contribution made by any GMI Member pursuant to this Section 2.2 shall consist of Permitted Assets and the Company shall at all times satisfy, both before and after giving effect to the additional contribution, the Portfolio Requirements. (b) At such times as a GMI Member contributes assets consisting of Permitted Assets (other than Cash), such GMI Member shall enter into an additional contribution agreement substantially similar to the Conveyance Agreements; provided that the representations and warranties set forth in such additional contribution agreement shall be substantially the same as the representations and warranties contained in the Conveyance Agreements, and such GMI Member shall indemnify the Company and hold it wholly harmless for any Expenses or losses incurred by the Company resulting from or attributable to any representation or warranty made by such GMI Member pursuant to this Section 2.2(b) proving to have been incorrect in any material respect when made. (c) The Managing Member shall be required to contribute $250,000 of Cash to the capital of the Company on each Business Day immediately preceding the Initial Class A Valuation Date and any Scheduled Reset Date. |
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