Deemed Capital Contribution definition

Deemed Capital Contribution means the product of $25,000 per Unit (regardless of the purchase price paid for a Unit) multiplied by the number of Units owned by a Partner.

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Deemed Capital Contribution has the meaning set forth in this Section 1.1.

Deemed Capital Contribution as defined in Section 2(c).

Examples of Deemed Capital Contribution in a sentence

The Percentage Interest of each Member shall be adjusted after additional Capital Contributions are made pursuant to this Section 6.5, with the adjusted Percentage Interest obtained by dividing: (X) A Member's Percentage Interest at the greater of Fair Market Value or Adjusted Cost without giving effect to the Deemed Capital Contribution plus the amount of the Member's Deemed Capital Contribution as determined in accordance with Section 6.5(d) above.
Distributions shall be paid monthly to each Partner in a an amount determined by the General Partner, in its sole discretion, to the extent Net Cash is available, in a target amount equal to the Applicable Percentage per annum uncompounded on such Partner’s Unreturned Deemed Capital Contribution.
The General Partner shall endeavor to distribute each Partnership Fiscal Year to each Limited Partner an amount at least equal to the Applicable Percentage per annum uncompounded on such Limited Partner’s Unreturned Deemed Capital Contribution.
Notwithstanding anything herein to the contrary, no Member shall receive any tax distributions with respect to the portion of any income allocated to such Member that relates to a Deemed Capital Contribution by such Member.
For the avoidance of doubt, it is agreed that any Effective Date Deemed Capital Contribution will not constitute a Capital Contribution for purposes of maintaining Capital Accounts.
Notwithstanding anything in this Agreement to the contrary the Members agree that the application of Section 12.3.1 and this Section 12.3.3 shall result in the adjustment of the Members’ Capital Accounts as of the Effective Date (immediately following any actual contribution required to be made on or before such date) to equal the respective amount set forth for each Member on Exhibit A as a Deemed Capital Contribution.
Once cumulative distributions under this Section 4.1.1 with respect to a Unit equal the Deemed Capital Contribution with respect to such Unit, then no further distributions shall be made with respect to that Unit until cumulative distributions on all Distributable Units are equal to the respective Deemed Capital Contributions of those Units.
In such event, (1) the Deemed Capital Contribution of Elbow Trust or Hove Trust, as the case may be, shall be reduced by the product of (x) such Deemed Capital Contribution as of the Termination Date and (y) an amount equal to one (1) minus the Vesting Fraction and (2) the amount of such reduction shall be reallocated equally to the Capital Contributions of the Class A Members and the Class B Members.
In such event, (1) the aggregate Deemed Capital Contribution of Silvester, Fulham and Right Trust shall be reduced by the product of (x) such aggregate Deemed Capital Contribution as of the Termination Date and (y) an amount equal to one (1) minus the Vesting Fraction and (2) the amount of such reduction shall be reallocated equally to the Capital Contributions of the Class A Members and the Class B Members.

More Definitions of Deemed Capital Contribution

Deemed Capital Contribution means with respect to each Existing Member an amount equal to $50,000 multiplied by the number of Units (including fractional Units) sold to such Member by the Company. In the plural, "Deemed Capital Contributions" shall mean with respect to the Existing Members an amount equal to $50,000 multiplied by the number of Units (including fractional Units) sold to all such Members by the Company. "Deemed Capital Contribution" with respect to each Unit acquired in connection with the Concurrent Private Placement or in the Mergers shall be equal to the per Unit average Unreturned Capital Contributions of Existing Members as of the date of the closing of the Concurrent Private Placement or the Mergers, as applicable. Member's Deemed Capital Contributions shall be calculated separately, as determined by the Manager, to account for such Member's holdings of multiple Units and/or multiple Termination Units.

Deemed Capital Contribution has the meaning set forth in Section 3.1.

Deemed Capital Contribution as defined in the Purchase Agreement;