Recallable Amounts Clause Samples

Recallable Amounts. In addition to making contributions of its Undrawn Commitments, a Common Unitholder may be required to re-contribute amounts previously distributed to it with respect to its Common Units in an aggregate amount up to such Common Unitholder’s recallable amount (“Recallable Amount”), which equals, with respect to each Common Unit, such Common Unit’s share of (a) 75% of the lesser of the principal amount or the cost portion of any Portfolio Investment that is fully repaid to or otherwise fully recouped by the Company in the form of cash proceeds, whether from the issuer or a third party upon the sale, exchange, repayment, redemption, or disposition of such Portfolio Investment, within one year of the Company’s investment in such Portfolio Investment, and (b) distributions of amounts that were contributed in anticipation of a potential Portfolio Investment that the Company did not consummate within 90 days of the contribution date.

Recallable Amounts. A Common Unitholder may be required to re-contribute amounts previously distributed to it with respect to its Common Units. The amount that a Common Unitholder may be required to re-contribute pursuant to this 4.4.3 (the “Recallable Amount” of such Common Unitholder) shall be equal to (a) such Common Unitholder’s share of all Portfolio Investments that are repaid to the Company or otherwise recouped by the Company and distributed to such Common Unitholder, reduced by (b) all re-contributions made by such Common Unitholder pursuant to this 4.4.3; provided, however, following the first four fiscal quarters after the first Drawdown Date, no Common Unitholder shall be required to re-contribute Recallable Amounts in an aggregate amount greater than the lesser of (i) 30% of aggregate distributions actually received by such Common Unitholder from the Company or (ii) 25% of the aggregate Commitment by such Common Unitholder. The obligation to re-contribute Recallable Amounts shall expire on the second anniversary of the disposition of the relevant Portfolio Investment giving rise to the relevant distribution.

Recallable Amounts. In addition to making contributions of its Undrawn Commitments, each Preferred Member may be required to re-contribute amounts previously distributed to it in an aggregate amount up to such Member’s recallable amount (“Recallable Amount”), which equals, (a) 100% of distributions to such Member of amounts that were contributed by such Member in anticipation of a potential Portfolio Investment that the Company did not consummate within 60 days of the applicable contribution date plus (b) 100% of distributions to such Member of Proceeds during the Commitment Period representing a return of capital contributions made in respect of the Preferred Membership Interests.