Recallable Amounts Sample Clauses

Recallable Amounts. Subject to the limitations set forth in 6.1.4, 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 4.5.3 (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, in whole or in part, during or after the Commitment Period, reduced by (b) all re-contributions made by such Common Unitholder pursuant to this 4.5.3.
AutoNDA by SimpleDocs
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.

Related to Recallable Amounts

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Non-accountable Expenses The Company further agrees that, in addition to the expenses payable pursuant to Section 3.10.1, on the Closing Date it shall pay to the Representative, by deduction from the net proceeds of the Offering contemplated herein, a non-accountable expense allowance equal to one percent (1.0%) of the gross proceeds received by the Company from the sale of the Firm Shares.

Time is Money Join Law Insider Premium to draft better contracts faster.