Examples of Unrecovered Capital in a sentence
In the event that the Manager resigns, dies or is terminated before the Class A Member’s Unrecovered Capital has been reduced to zero dollars ($0);, then effective as of the date of such resignation, death or termination, the Class B Member forfeits all of its Membership Interest without further action, payment or distribution.
Second, Class A Members are entitled to a further priority return of their respective Unrecovered Capital Contribution, such that one hundred percent (100%) of the Net Capital Proceeds shall be distributed to the Class A Members, in proportion to their respective Class A Interests, until each Class A Member’s Unrecovered Capital Contribution is reduced to zero.
Manager intends to return all Class A Members’ Unrecovered Capital Contributions at refinance.
Minimum Quarterly Distribution by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.
One hundred percent (100%) of the Net Cash Flow from a refinance, sale of the Property, sale of substantially all of the assets of the Company or upon dissolution (or net proceeds of refinance or liquidation, as the case may be) to the Class A Members, in proportion to their respective Class A Interests, until each Class A Member’s Unrecovered Capital Contribution is reduced to zero.