Return of Unutilized Contributions Sample Clauses

Return of Unutilized Contributions. (a) If the Adviser determines that a proposed Primary Investment in respect of which Class B Members have made Capital Contributions will not be consummated, the Adviser may cause the Company to refund to the Class B Members that made such Capital Contributions the amounts of such Capital Contributions. If the Adviser determines that a proposed Primary Investment in respect of which Class B Members have made Capital Contributions will not require the full amount of Capital Contributions made therefore, the Adviser may cause the Company to refund to the Class B Members that made such Capital Contributions, pro rata to the amounts of such Capital Contributions, the amount of such Capital Contributions which exceeds the portion required to consummate such Primary Investment. (b) For purposes of determining the Remaining Capital Commitment of a Class B Member, and for purposes of determining the amount of Capital Contribution made by a Class B Member pursuant to Section 5.2(a), the amount refunded shall be treated as never having been contributed to the Company. If during the period between the contribution and a refund of such amount, the Class B Members have made Capital Contributions for another Primary Investment or for any other purpose in ratios that were incorrect in light of the preceding sentence, then the Adviser shall require such additional Capital Contributions and shall refund such amounts, as are necessary to adjust the Capital Contributions of Class B Members for such other Primary Investment to the correct ratio.
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Return of Unutilized Contributions 
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Related to Return of Unutilized Contributions

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.3 to the Trustees of the OECTA ELHT by the last day of each month from and after the Board’s Participation Date.

  • When Can I Make Contributions You may make annual contributions to your Xxxx XXX any time up to and including the due date for filing your tax return for the year, not including extensions. You may continue to make regular contributions to your Xxxx XXX even after you attain RMD age. In addition, rollover contributions and transfers (to the extent permitted as discussed below) may be made at any time, regardless of your age.

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