Examples of Capital Interest in a sentence
The Capital Interest of a contributing Member or Members shall be adjusted such that each Member will have an amount of Membership Units, which bears the same relationship to total outstanding Membership Units as the aggregate capital contributions of all Members, as such capital contributions are reflected in each Member’s Capital Account.
In the event a Member is Debarred by the U.S. Government, the Member will be treated as having withdrawn from the Company with the consent of the other Members under Section 13.4, and the only obligation of the Company to Debarred Member shall be the redemption by the Company to the withdrawing Member of its Capital Interest existing at the time of such withdrawal for a purchase price equal to the positive balance, if any, in such Member’s Capital Account.
Notwithstanding the reduction in payment described in the preceding sentence, the Capital Interest of the withdrawing Partner shall be charged with the full amount of the reserve so allocated to it.
The Borrower shall duly and punctually pay Capital, Interest, Fees and all other amounts payable by the Borrower hereunder in accordance with the terms of this Agreement.
The Partnership shall pay to such Limited Partner, in cash, a redemption price for such Limited Partner’s entire Capital Interest equal to the amount of the Capital Account and the amount of the Unrealized Profit and Loss Account maintained for such Limited Partner, valued as of the date of redemption, less any amount allocable to the General Partner pursuant to Section 503, calculated as provided in Section 305(d) as if the redemption were a complete withdrawal.