Capital Return Notice definition

Capital Return Notice means, with respect to a Fund Group, the written notice delivered to an Investor by or on behalf of any Credit Party of such Fund Group for the purpose of making a return of capital pursuant to the applicable Credit Party’s Partnership Agreement, which notice shall be in the form of Exhibit R. “Capital Return Notices” means, where the context may require, all Capital Return Notices made by any such Credit Party, collectively.

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Capital Return Notice means the written notice delivered to an Investor by or on behalf of any Fund for the purpose of making a return of capital pursuant to the applicable Fund’s Governing Agreement, which notice shall be substantially in the form reasonably acceptable to the Administrative Agent approved by the Administrative Agent upon ten (10) Business Days prior notice from the Initial Borrower.

Capital Return Notice means the written notice delivered to an Investor by or on behalf of any Borrower for the purpose of making a return of capital pursuant to the applicable Borrower’s Constituent Documents, which notice shall include: (a) the amount of the Capital Contribution that is being returned to such Investor; (b) the section of the Constituent Documents pursuant to which such amount is being returned and an express statement that such amount is recallable; and (c) such Investor’s new Uncalled Capital Commitment after giving effect to such return of capital, and substantially in the form of Exhibit O. “Capital Return Notices” means, where the context may require, all Capital Return Notices, collectively.

Examples of Capital Return Notice in a sentence

No Credit Party shall return any funds to the Investors which may be the subject of a Capital Call without concurrently delivering to the Administrative Agent a copy of each related Capital Return Notice and a Capital Return Certification.
No Borrower shall return any funds to the Investors that may be the subject of a Capital Call without concurrently delivering to the Administrative Agent a copy of each related Capital Return Notice and a Capital Return Certification.
The effective date on which an Investor’s Unused Commitment increases by Returned Capital for purposes of this Credit Agreement shall be the date on which the Investor Capital Return Notice and, if reasonably requested by the Administrative Agent, an Investor Capital Return Certification, duly completed and executed by the applicable Borrower, is delivered to the Administrative Agent by such Borrower.
The Borrower shall not return any funds to the Investor which may be the subject of a Capital Call without concurrently delivering to the Administrative Agent a copy of each related Capital Return Notice and Capital Return Certification.
Within three (3) Business Days following delivery thereof to any Investor, copies of any Capital Return Notice provided to such Investor together with a Capital Return Certification.

More Definitions of Capital Return Notice

Capital Return Notice means the written notice delivered to an Investor by or on behalf of any Credit Party or Managing Entity for the purpose of making a return of capital pursuant to the applicable Credit Party’s Constituent Document. “ Capital Return Notices ” means, where the context may require, all Capital Return Notices, collectively.