Common use of Return of Initial Capital Contributions Clause in Contracts

Return of Initial Capital Contributions. So long as the Manager does not elect to reinvest Capital Contributions, upon the sale or other disposition (such as pay off) of the Company’s loans, the Manager shall distribute and return to the Class A Members the full amount, or such portion of, each Class A Member’s initial capital contribution as the Manager shall determine in the Manager’s sole and reasonable discretion taking into account such factors as anticipated current and future cash requirements of the Company. The Manager intends use proceeds from such dispositions to finance further lending activities in accordance with the objectives of the Company. The Manager may, in the Manager’s sole and reasonable discretion, distribute to each Class A Member, on a quarterly basis, an amount of cash necessary to provide each Class A Member with a pre-tax non-cumulative annual return of eight percent (8.0%) non-compounding return on the outstanding amount of each such Class A Member’s initial Capital Contribution.

Return of Initial Capital Contributions. So long as the Manager does not elect to reinvest Capital Contributions, upon the sale or other disposition (such as pay off) of the Company’s loans, the Manager shall distribute and return to the Class A Members the full amount, or such portion of, each Class A Member’s initial capital contribution as the Manager shall determine in the Manager’s sole and reasonable discretion taking into account such factors as anticipated current and future cash requirements of the Company. The Manager intends use proceeds from such dispositions to finance further lending activities in accordance with the objectives of the Company. The Manager may, in the Manager’s sole and reasonable discretion, distribute to each Class A Member, on a quarterly basis, an amount of cash necessary to provide each Class A Member with a pre-tax non-cumulative annual return of eight and a half percent (8.08.5%) non-compounding return on the outstanding amount of each such Class A Member’s initial Capital Contribution.

Return of Initial Capital Contributions. So long as the Manager does not elect to reinvest Capital Contributions, upon the sale or other disposition (such as pay off) of the Company’s loans, the Manager shall distribute and return to the Class A Members the full amount, or such portion of, each Class A Member’s initial capital contribution as the Manager shall determine in the Manager’s sole and reasonable discretion taking into account such factors as anticipated current and future cash requirements of the Company. The Manager intends use proceeds from such dispositions to finance further lending activities in accordance with the objectives of the Company. The Manager may, in the Manager’s sole and reasonable discretion, distribute to each Class A Member, on a quarterly basis, an amount of cash necessary to provide each Class A Member with a pre-tax non-cumulative annual return of eight percent (8.08%) non-compounding return (simple interest) on the outstanding amount of each such Class A Member’s initial Capital Contributioncapital contribution.

Return of Initial Capital Contributions. So long as the Manager does not elect to reinvest Capital Contributions, upon the sale or other disposition (such as pay off) of the Company’s loans, the Manager shall distribute and return to the Class A Members the full amount, or such portion of, each Class A Member’s initial capital contribution as the Manager shall determine in the Manager’s sole and reasonable discretion taking into account such factors as anticipated current and future cash requirements of the Company. The Manager intends use proceeds from such dispositions to finance further lending activities in accordance with the objectives of the Company. The Manager may, in the Manager’s sole and reasonable discretion, distribute to each Class A Member, on a quarterly basis, an amount of cash necessary to provide each Class A Member with a pre-tax non-cumulative annual return of eight five percent (8.05.0%) non-compounding return on the outstanding amount of each such Class A Member’s initial Capital Contribution.