Recallable Capital definition

Recallable Capital means, for any Investor, at any time, any amounts distributed to such Investor that are added back to such Investor’s Uncalled Capital Commitment and subject to recall as a Capital Contribution pursuant to the applicable Subscription Agreement.

Recallable Capital means distributed capital or deemed distributions permitted to be recalled from an Investor pursuant to the Constituent Document of the applicable Fund.

Recallable Capital means, with respect to any Member as of any date, an amount equal to the sum of distributions made or deemed made to such Member pursuant to Article IV that, in the discretion of the Managing Member: (i) are required to satisfy any indemnification, reimbursement, contribution or similar obligation of the Company (including any obligation resulting from applicable law) or any other expense or obligation of the Company, including repayment of indebtedness; (ii) are subject to recall or reimbursement from or recontribution by the Company or (iii) are returned to such Member without having been allocated by the Company to Portfolio Assets.

Examples of Recallable Capital in a sentence

• Promptly after the delivery to any Investor, notice of any distribution to any Investor that is Recallable Capital (it being agreed that any amounts distributed to any Investor constituting Recallable Capital shall be acknowledged by the Borrowers as being subject to recall as a Capital Contribution pursuant to the applicable Subscription Agreement) along with a revised Borrowing Base Certificate.

• Any Member acquiring all or a portion of the interest of another Member in the Company, pursuant to Section 3.4.2 or otherwise, shall be deemed for all purposes of Article V to have, as a result, increased its Capital Commitment and Available Commitment (including Recallable Capital) by the portion of the Capital Commitment and Available Commitment (including Recallable Capital) of the transferring Member allocable to such acquired interest.

• Drawdowns with respect to Recallable Capital shall generally be made with respect to each Sub-Account pro rata based upon each such Sub-Account’s respective portions of distributions that are subject to recall.

• The aggregate amount of indemnification to be provided under the provisions of the Company Documents shall in no event exceed the aggregate amount of the Investor’s Undrawn Commitment (including the portion thereof that constitutes Recallable Capital); provided, however, that the foregoing shall not modify or limit any indemnification obligations of the Investor pursuant to the indemnities provided for breaches of the representations and warranties made by the Investor in the Subscription Agreement.

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More Definitions of Recallable Capital

Recallable Capital means, for any Investor, its aggregate amount of distributions categorized as a return of such Investor’s Capital Contributions, as determined by the Board of Directors of the Borrower; in each case which amount has been set forth as “Recallable Capital” on a certificate of Borrower delivered to Administrative Agent; provided that the failure of Borrower to deliver such certificate to Administrative Agent will result in the exclusion of such amount from “Recallable Capital”.

Recallable Capital means any amount distributed to a Limited Partner that may be recalled under an LPA, which has been set forth as “Recallable Capital” on an updated Borrowing Base Certificate provided to the Lender.

Recallable Capital means, for any Member, at any time, any amounts returned to such Member pursuant to the Operating Agreement that are actually added back to such Member’s Unfunded Capital Commitment and subject to drawdown as a Capital Contribution pursuant to the Operating Agreement without any condition, limitation, expiration, sunset or termination of any kind, so long as such amounts have been identified as “Recallable Capital” with respect to such Member in a Borrowing Base Certificate delivered or a certificate of signed by a Responsible Officer delivered to Administrative Agent; provided, that the failure of Investment Manager to provide such certified information shall result in the exclusion of such amount from “Recallable Capital” until such information is received or unless Administrative Agent otherwise agree to include such amount.

Recallable Capital means the portion of the returns that can be recalled in accordance with the fund’s rules.

Recallable Capital means any amount distributed to an Investor that may be recalled under the Fund Documents, and which has been set forth as “Recallable Capital” on an updated Borrowing Base Certificate provided to the Administrative Agent. “Required Lenders” means Lenders (excluding Defaulting Lenders) holding more than 50% of the outstanding Loans (excluding Loans held by Defaulting Lenders) on any date of determination. “REIT” means a real estate investment trust qualified as such under Sections 856 through 860 of the Internal Revenue Code and the regulations promulgated thereunder. “Side Letter” means each executed side letter that amends or supplements an Investor’s Subscription Document or other Operative Document of the Guarantor. “Subscription Document” means each executed subscription agreement (including all attachments) documenting an Investor’s interest in a Guarantor, each Side Letter, and documentation of each Investor transfer, repurchase or redemption. “Tax Distribution Notice” means a written notice setting forth, to the Administrative Agent’s reasonable satisfaction, the calculation of any Permitted REIT Distribution and certifying that such Borrower Party remains a REIT. “Term SOFR” means the 1 month forward-looking term SOFR rate published by CME Group (xxxxx://xxx.xxxxxxxx.xxx) two SIFMA trading days prior to each Interest Rate Reset Period.

Recallable Capital means, with respect to any Member as of any date, the sum of distributions made or deemed made to such Member pursuant to Section 5.1 that, in the discretion of the Board of Directors: (i) are required to satisfy any indemnification, reimbursement, contribution or similar obligation of the Company or the Operating Company (including any obligation resulting from applicable law) or any other expense or obligation of the Company or the Operating Company, including repayment of indebtedness; (ii) are subject to recall or reimbursement from or recontribution by the Operating Company; (iii) are Balancing Distributions (other than Additional Amounts); or (iv) are returned to such Member without having been allocated by the Operating Company to Portfolio Assets.

Recallable Capital means (i) all or any portion of any Capital Contributions that have been returned to the Members by the Managing Member which is not invested in an Investment or used to pay Company Expenses or Organizational Expenses; or (ii) any capital distributable to the Members in accordance with this Agreement prior to the end of the Capital Call Period.