Return of Unused Capital Contributions. If any proposed Portfolio Investment with respect to which there has been a Drawdown is not consummated or if the amount of funds drawn down for any reason exceeds the amount necessary, as the case may be, the General Partner shall return such Drawdown or such excess amount of funds, together, in each case, with any interest or gains thereon (net of any Fund Expenses in respect thereof), to the Limited Partners within [sixty (60)] days of such Drawdown, in the same proportions that such funds were contributed by the Limited Partners. If at any time following the delivery of any Drawdown Notice it is intended to use any part of the relevant Drawdown for a purpose other than that specified in such Drawdown Notice then, at least ten (10) Business Days prior to such use, the General Partner shall provide to each Limited Partner a revised Drawdown Notice with the intention and the effect that each Limited Partner has the opportunity to exercise any right to be an Excused Limited Partner that it has with respect to such Drawdown pursuant to Section 6.7 (Excused Limited Partners).
Return of Unused Capital Contributions. 6.3.1 If any proposed Portfolio Investment with respect to which there has been a Drawdown is not consummated or if the amount of funds drawn down for any reason exceeds the amount necessary, as the case may be, the General Partner shall return such Drawdown or such excess amount of funds, together, in each case, with any interest or gains thereon (net of any Fund Expenses in respect thereof), to the Limited Partners within [sixty (60)] days of such Drawdown, in the same proportions that such funds were contributed by the Limited Partners.
Return of Unused Capital Contributions. Any contributions held by the Company as of the last day of the Investment Period shall be promptly distributed to the Members to the extent that such contributions are not needed, as reasonably determined by the Manager, (i) to pay or fund reserves to pay Company expenses and obligations (including, without limitation, the Management Fee), (ii) to fund acquisitions of securities the Company has committed to acquire, or is in the process of acquiring, as of the close of the Investment Period, and (iii) with respect to the Class B Members and in accordance with Section 5.2 to fund acquisitions solely by the Class B Members of securities made to protect the value of previously acquired securities positions. Any amounts retained pursuant to (i), (ii) or (iii) of the preceding sentence shall be promptly distributed if they become no longer needed for the purposes for which they were retained.
Return of Unused Capital Contributions. In the event that any portion of the Members' Capital Contributions are not used by the Company or, in the judgment of the Board, are not committed by the Company in conjunction with the acquisition, development, operation, management or sale of the Project (including the funding of the Project Reserve) within three (3) months of the date any such Capital Contributions were made, then such unused portions shall be distributed to the Members, ratably in proportion to their Capital Contributions made as of the date of such distribution, without interest paid thereon, as a return of capital.
Return of Unused Capital Contributions. (a) 6.3.1 If any proposed Portfolio Investment with respect to which there has been a Drawdown is not consummated or if the amount of funds drawn down for any reason exceeds the amount necessary, as the case may becompleted, the General Partner shall return such Drawdown or such excess amount of funds, together, in each case, with any interest or gains thereon (net of any Fund Expenses in respect thereof), to the Limited Partners within [sixty (60)90]79 days of such Drawdown, in the same proportions that such funds were contributed by the Limited Partners. The Remaining Commitment of each Limited Partner shall be increased by any funds or excess amount of funds so returned, and such returned funds or excess shall not be reflected in such Limited Partner’s Capital Account or treated as a Capital Contribution.
Return of Unused Capital Contributions. (a) 6.3.1 If any proposed Portfolio Investment with respect to which there has been a Drawdown is not consummated or if the amount of funds drawn down for any reason exceeds the amount necessary, as the case may becompleted, the General Partner shall return such Drawdown or such excess amount of funds, together, in each case, with any interest or gains thereon (net of any Fund Expenses in respect thereof), to the Limited Partners within [sixty (60)90]79 days of such Drawdown, in the same proportions that 79 To retain its flexibility with use of funds, some limited partnership agreements provide (as this one does) for the mandatory return of funds if not used for the initial intended purpose, because typically the distribution waterfall and the calculation of the Last Updated: July 2020 38Canadian Version such funds were contributed by the Limited Partners. The Remaining Commitment of each Limited Partner shall be increased by any funds or excess amount of funds so returned, and such returned funds or excess shall not be reflected in such Limited Partner’s Capital Account or treated as a Capital Contribution.
Return of Unused Capital Contributions. If the Company receives Capital Contributions in excess of the Company’s actual requirements, the B Manager shall cause the Company to return the excess portion of such Capital Contributions to the Class A Members within 10 Business Days after the funding of such Capital Contributions to the Company, and the Commitments of the Class A Members shall be restored by such amount. Any funds returned to the Members pursuant to this Section 5.3 shall not be treated as Capital Contributions, nor shall the return of such funds be treated as a Company distribution for purposes of Section 7.1.
