Members’ Equity. The Fund Board, in its sole discretion, may declare a distribution of the Fund’s members’ equity to Fund Members. Members’ equity belongs to the Fund. No current or former individual Fund Member is entitled to an individual allocation or portion of members’ equity.
Members’ Equity. Permit Members' Equity, as of the last day of any Fiscal Quarter, to be less than the sum of (a) $75,000,000, plus (b) 30% of cumulative Net Income for each Fiscal Quarter having then ended since January 1, 2001 (without reduction for any net loss having occurred in any such Fiscal Quarter), plus (c) 75% of any Net Cash Proceeds received by Borrower or its Subsidiaries since January 1, 2001.
Members’ Equity. VSS-Cambium Holdings, LLC
(a) first, to the Members, in proportion to their membership interest, until the aggregate amount equals the aggregate amount of their capital contributions;
(b) second, to the Members, in proportion to their respective Percentages, a return on the aggregate amount of their capital contributions from the date of the making of such contributions at the rate of eight percent (8%) per year, compounded annually;
(c) then, upon the occurrence of a Realization Event, to the Management LLC for the aggregate amount of up to 17% of the remaining proceeds from the Realization Event;
(d) the balance to the Members in proportion to their membership interest. No returns on capital have been accreted as of December 31, 2007.
Members’ Equity. Minimum members equity must be $1,400,000.00 at June 30, 2004, $2,000,000.00 at September 30, 2004, and $2,700,000.00 at December 31, 2004 and March 31, 2005.
Members’ Equity. The Company shall have received evidence satisfactory to it that DEVELOPER had, as of Closing Date, members' equity of at least $_________.
Members’ Equity. Under this Agreement, based upon the quarterly combined/combining financial statements of the Borrower and its affiliates/subsidiaries, members' equity must be a minimum of $2,000,000.00 at June 30, 2005, and at the end or each subsequent fiscal quarterly period until the Loan is paid in full.
Members’ Equity. (Deficit)—will represent the cumulative retained earnings of the Company from its inception including a prorated net income attributable to the month of the Closing Date.
Members’ Equity. Xxxxxxx Financial's members equity, as determined in accordance with GAAP, was as set forth on Schedule 5.6 as of April 30, 2005.
Members’ Equity. An amount in cash equal to the members' equity of the Membership Interests as determined by Deja Foods' accountants, as of Closing, in accordance with generally accepted accounting principles.
Members’ Equity
