Priority Capital Contributions definition

Priority Capital Contributions means the amount of cash and the fair market value of any other property (net of liabilities secured by such property, which the Company is considered to assume) contributed by a Member to the capital of the Company under Section 3.5 that is considered a “Priority Capital Contribution” thereunder. Any Priority Capital Contributions of the Members will be set forth on Schedule A.
View Source
Priority Capital Contributions means, with respect to a Partner, the amounts contributed as capital to the Capital Account of such Partner from time to time which constitutes Priority Capital.
View Source
Priority Capital Contributions shall have the meaning ascribed in Section 8.04(d).
View Source

Examples of Priority Capital Contributions in a sentence

  • A Member is not entitled to the return of any part of his, her or its Capital Contributions or Priority Capital Contributions or to be paid interest in respect of either such Member’s Capital Account or Capital Contributions or Priority Capital Contributions.

  • The Manager is hereby authorized to complete or amend Schedule A to accurately reflect, without limitation, the admission of additional Members, the withdrawal or expulsion of any Member, the change of address of any Member, the Capital Contributions and Priority Capital Contributions of any Member, the Membership Interest or Units of any Member and any other information called for by Schedule A.

  • Loans by any Member to the Company shall not be considered Capital Contributions or Priority Capital Contributions and shall not affect the maintenance of such Member’s Capital Account.

  • The names, addresses, Capital Contributions, Priority Capital Contributions, Membership Interests and Class A Units and Class B Units of the Members are set forth on Schedule A attached hereto and incorporated herein.

  • Each installment of the Management Fee shall be due and payable based on an annual amount equal to two percent (2.0%) of all Capital Contributions and Priority Capital Contributions ever made to the Company.

  • The Limited Partners comprising the Great Gulf Group have or shall contribute to the Partnership $1,200,000 as and representing Priority Capital Contributions by such Limited Partners, each in the proportion which their respective Percentage Interests are to the total Percentage Interests of the Limited Partners comprising the Great Gulf Group.

  • Any such Additional Capital Contributions made by the Class A Members are referred to as the "Class A Priority Capital Contributions".

  • To the return of all Priority Capital Contributions (including the effect of the 3X multiplier), together with any accrued SHP Preferred Return and Sunrise Preferred Return arising therefrom, if any, pro rata, in proportion to the respective amounts thereof.

  • Nonrecourse Deductions for any Fiscal Year or other period shall be allocated among the Partners in proportion to each Partner’s relative Unreturned Priority Capital Contributions, or, if none exist, the Partner’s relative Percentage Interests, unless a different allocation is determined to be required under the Code after consultation with the Partnership’s tax advisors.

  • Funds may not be advanced by or on behalf of a Partner (a "LENDING PARTNER") to the Partnership by way of loan where any of the other Partners have Unrecovered Priority Capital Contributions, unless and until such Lending Partner's Unrecovered Priority Capital Contributions are at least equal to such Lending Partner's Percentage Interest of the total Unrecovered Priority Capital Contributions of the Partners.


More Definitions of Priority Capital Contributions

Priority Capital Contributions has the meaning set forth in Section 5.3(b)(iii).
View Source
Priority Capital Contributions means additional Capital Contributions made for purposes of funding Project Costs.
View Source