Adjusted Capital Contribution definition

Adjusted Capital Contribution is defined in Article IV, Section 4.6(a).

Adjusted Capital Contribution means, as of any day, a Member's Capital Contribution adjusted as follows:

Adjusted Capital Contribution of a Member means the excess of (a) that Member’s Capital Contribution to the Company, over (b) the Distributions to the Member under Section 6.10(b) and the Distributions under Section 10.5(a) that shall constitute return of capital Distributions. Distributions to a Member under Section 10.5(a) first shall constitute return of capital Distributions to the extent that these Distributions reduce the Member’s Adjusted Capital Contribution to an amount not less than zero, and thereafter Distributions under Section 10.5(a) shall constitute Distributions of Unpaid Preferred Return to the extent that these Distributions reduce the Member’s Unpaid Preferred Return to an amount not less than zero.

Examples of Adjusted Capital Contribution in a sentence

• Distributions to a Member under Section 10.5(a) first shall constitute return of capital Distributions to the extent that these Distributions reduce the Member’s Adjusted Capital Contribution to an amount not less than zero, and thereafter Distributions under Section 10.5(a) shall constitute Distributions of Unpaid Preferred Return to the extent that these Distributions reduce the Member’s Unpaid Preferred Return to an amount not less than zero.

• At the discretion of the general partner, proceeds from capital transactions shall be distributed first to the limited partners until their "Adjusted Capital Contributions" are reduced to zero, then to the general partner until its Adjusted Capital Contribution is reduced to zero.

• Preferred Members are entitled to receive a preferred return out of any assets legally available, at the cumulative, non-compounded rate of 8% per annum on such Preferred Members’ Adjusted Capital Contribution Account on each Preferred Unit.

• If any Member transfers all or any number of his or her membership interest in accordance with the terms of this Operating Agreement, the Transferee shall succeed to the Transferor’s Adjusted Capital Contribution to the extent that it relates to the transferred membership interest.

• If any Interest Holder transfers all of any portion of its Interest in the Company in accordance with the terms of this Agreement, such Interest Holder’s transferee shall succeed to the Adjusted Capital Contribution of the transferor to the extent it relates to the Interest.

More Definitions of Adjusted Capital Contribution

Adjusted Capital Contribution means, at any specified time, the amount of Capital Contribution of each Partner that has been actually paid to the Partnership pursuant to Section 4.1.

Adjusted Capital Contribution means, as of any day, a Member's Initial Capital Contribution, reduced by the amount of cash and Carrying Value of any Company property distributed to such Member pursuant to Section 5.4(a)(i).

Adjusted Capital Contribution of a Member means the excess of (a) that Member’s Capital Contribution to the Company, over (b) Distributions to that Member under Section 6.8(a).

Adjusted Capital Contribution of a Partner shall mean the aggregate of such Partner's Capital Contributions, reduced, but not below zero, by distributions to such Partner pursuant to Paragraph 8.1 (Distribution of Distributable Cash) hereof.

Adjusted Capital Contribution means, for each fiscal period, the Limited Partners' Capital Contribution reduced by all distributions of noninvested funds pursuant to Section 3.4.2 hereof and distributions of Sale or Refinancing Proceeds made to the Limited Partners through the end of such period.

Adjusted Capital Contribution means the amount of Capital Contributions listed on Exhibit A for each Preferred Unit Holder attributable to such Preferred Unit Holder’s Preferred Units minus (i) the Capital Contributions attributable to such Preferred Unit Holder’s Preferred Units redeemed pursuant to Section 6.17, and (ii) all distributions to such Preferred Unit Holder pursuant to Section 10.2(c).

Adjusted Capital Contribution means the Capital Contribution of a Member reduced, but not below zero, by cash distributions to such Member and tax losses allocated to such Member. A substitute Member shall succeed to the Adjusted Capital Contribution of his predecessor.