Common use of Capital Contributions of the Managing Member Clause in Contracts

Capital Contributions of the Managing Member. The Capital Contributions by the Managing Member pursuant to Sections 7.5.C and 7.5.D will be deemed to equal the cash contributed by the Managing Member plus, (i) in the case of cash contributions funded by an offering of any equity interests in or other securities of the Managing Member Entity, the offering costs attributable to the cash contributed to the Company to the extent not reimbursed pursuant to Section 7.4.C and (ii) in the case of Membership Units issued pursuant to Section 7.5.C, an amount equal to the difference between the Value of the Shares sold pursuant to the Equity Incentive Plan and the net proceeds of such sale.

Appears in 2 contracts

Samples: Operating Agreement (Broadstone Net Lease, Inc.), Operating Agreement (Broadstone Net Lease, Inc.)

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Capital Contributions of the Managing Member. The Capital Contributions by the Managing Member pursuant to Sections 7.5.C 7.5.D and 7.5.D 7.5.E will be deemed to equal the cash contributed by the Managing Member plus, plus (ia) in the case of cash contributions funded by an offering of any equity interests in or other securities of the Managing Member EntityMember, the offering costs attributable to the cash contributed to the Company to the extent not reimbursed pursuant to Section 7.4.C and (iib) in the case of Membership Units issued pursuant to Section 7.5.C7.5.E, an amount equal to the difference between the Value of the Shares sold pursuant to the any Equity Incentive Plan and the net proceeds of such sale.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Nexpoint Diversified Real Estate Trust), Limited Liability Company Agreement (Jernigan Capital, Inc.)

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