Net Capital Appreciation definition

Net Capital Appreciation means, with respect to any Accounting Period, the excess, if any, of the Ending Value over the Beginning Value and, with respect to any Fiscal Year of the Partnership or other period used to determine the Incentive Allocation, means the aggregate Net Capital Appreciation for such period, less the aggregate Net Capital Depreciation for such period.

Net Capital Appreciation means the excess, if any, of the Ending Value over the Beginning Value.

Net Capital Appreciation with respect to any Series means the excess of the Net Assets of such Series on the last day of a Fiscal Period over the Net Assets of such Series on the first day of the same Fiscal Period, after subtracting any capital contributions by Members during the Fiscal Period with respect to such Series and adding any distributions to or withdrawals by Members during the Fiscal Period with respect to such Series.

Examples of Net Capital Appreciation in a sentence

• At the end of each Fiscal Period, each Capital Account of each Member (including the Manager) for such Fiscal Period shall be adjusted by crediting (in the case of Net Capital Appreciation) or debiting (in the case of Net Capital Depreciation) the Net Capital Appreciation or Net Capital Depreciation, as the case may be, to each Capital Account of each Member (including the Manager) in proportion to their respective Ownership Percentages for such Fiscal Period.

• Net Capital Appreciation and Net Capital Depreciation of the Company during the Fiscal Periods which include the period of liquidation shall be allocated pursuant to Article III.

• Net Capital Appreciation and Net Capital Depreciation for any Allocation Period during the period of liquidation will be allocated in accordance with Article V of this Agreement.

• For purposes of determining allocations, including calculating the Incentive Allocation and the balance in a Capital Account's Loss Recovery Account, any Investor-Related Taxes related to a Limited Partner shall be deemed distributed from the Capital Account(s) of such Limited Partner to such Limited Partner and shall not be deemed to be expenses that reduce Net Capital Appreciation, increase Net Capital Depreciation or increase the balance of the Loss Recovery Account.

• In addition, if for any of the reasons described above, the General Partner determines that a Partner should have no interest whatsoever in a particular Security, type of Security or transaction, then the interests in such Security, type of Security, or transaction may be set forth in a separate memorandum account and the Net Capital Appreciation and Net Capital Depreciation for each such memorandum account shall be separately calculated.

More Definitions of Net Capital Appreciation

Net Capital Appreciation or “Net Capital Depreciation” shall mean, with regard to any Accounting Period, the difference between the Net Asset Value of the BDC at the beginning of the Accounting Period (after giving effect to withdrawals for the preceding Accounting Period and capital contributions for the current Accounting Period) and the Net Asset Value of the BDC at the close of the same Accounting Period (before giving effect to withdrawals for such Accounting Period). Any increase in the Net Asset Value shall be deemed Net Capital Appreciation and any decrease in Net Asset Value shall be deemed Net Capital Depreciation. For purposes of determining Net Capital Appreciation or Net Capital Depreciation for an Accounting Period ending on the date a Side Pocket Investment Account was created, the

Net Capital Appreciation means any increase in the value of the Fund's Net Assets, including unrealized gains, from the beginning of each Allocation Period to the end of such Allocation Period (before giving effect to repurchases of Interests and Management Fees, but after giving effect to expenses other than Management Fees), and with respect to any calendar year or other period used to determine the Incentive Allocation, refers to any aggregate Net Capital Appreciation for such period in excess of the aggregate Net Capital Depreciation for such period.

Net Capital Appreciation or “Net Capital Depreciation” shall mean, with regard to any Accounting Period, the difference between the Net Asset Value of the Partnership at the beginning of the Accounting Period (after giving effect to withdrawals for the preceding Accounting Period and capital contributions for the current Accounting Period) and the Net Asset Value of the Partnership at the close of the same Accounting Period (before giving effect to withdrawals for such Accounting Period). Any increase in the Net Asset Value shall be deemed Net Capital Appreciation and any decrease in Net Asset Value shall be deemed Net Capital Depreciation.

Net Capital Appreciation means the increase in the value of the Fund's net assets, including unrealized gains, from the beginning of each Accounting Period to the end of the Accounting Period.

Net Capital Appreciation means, with respect to any Member, the excess, if any, of the aggregate amount credited to such Member's Capital Account under clause (ii) of paragraph (c) of Section 5.3 hereof over the aggregate amount debited to such Member's Capital Account under clause (ii) of paragraph (d) of Section 5.3 hereof.

Net Capital Appreciation means the increase in the value of the Partnership’s net assets from the beginning of each fiscal quarter to the end of such fiscal quarter. "Net Capital Depreciation" means the decrease in the value of the Partnership’s net assets from the beginning of each fiscal quarter to the end of such fiscal quarter, properly adjusted for contributions and withdrawals during such fiscal quarter.

Net Capital Appreciation has the meaning set forth in the Third Amended and Restated Limited Partnership Agreement of Banyan Capital Fund, LP, as amended.