Unrecovered Capital Contribution. For any Member, the aggregate amount of capital contributed by such Member reduced by the aggregate amount of capital theretofore distributed to such Member pursuant to Articles 16 and 17.
Unrecovered Capital Contribution means, with respect to any Member holding Series A Units as of any date, the excess, if any, of (i) the sum of the Capital Contributions made by such Member with respect to such Series A Units as of such date over (ii) the sum of the total amount of Capital Return Distributions made with respect to such Member’s Series A Units prior to such date.
Unrecovered Capital Contribution means, with respect to any Member, as of any date, the aggregate amount of such Member’s Capital Contributions which have been made (or deemed made) to the Company from time to time less the sum of the aggregate distributions made to such Member pursuant to Section 8.1.
Examples of Unrecovered Capital Contribution in a sentence
In the event of any such distribution, the net proceeds thereof shall be allocated and distributed as follows: · First, Class A Members and Class B Members are entitled to receive all Net Capital Proceeds, until their respective pro-rata Unrecovered Capital Contribution has been reduced to zero dollars ($0.00).
More Definitions of Unrecovered Capital Contribution
Unrecovered Capital Contribution means Class A Member’s Capital Contributions minus any return of capital from Net Capital Proceeds. In this Offering, Sponsors have elected to treat quarterly distributions from Net Cash Flow as a return on investment and returns from Net Capital Proceeds as a return of capital.
Unrecovered Capital Contribution means any Capital Contribution that is made by a Class A Member and is not repaid pursuant to Section 7.2(d).
Unrecovered Capital Contribution means, with respect to any Member, as of any date, the aggregate amount of such Member's Capital Contributions which have been made (or deemed made) to the Company pursuant to Sections 7.1 or 7.2 from time to time, less the amounts that have been distributed to such Member as a return of capital pursuant to Section
Unrecovered Capital Contribution means the portion of a Member's Capital Contribution attributable that a Member’s Units which has not been distributed to that Member pursuant to Section 6.4 or paid to that Member under Section 6.6 and recovered against distribution otherwise payable under Section 6.4.
Unrecovered Capital Contribution means, as of any date, a Member’s Capital Contributions (other than Priority Capital Contributions) reduced (but not below zero) by the amount of cash and the Gross Asset Value of any Company Assets distributed to such Member pursuant to Section 5.3(c) (including by operation of Section 11.2(c)). In the event a Member Transfers all or any portion of such Member’s Company Interest in accordance with the terms of this Agreement, the Transferee of such Company Interest shall succeed to the Unrecovered Capital Contribution of the Transferor to the extent it relates to the Transferred Company Interest.
Unrecovered Capital Contribution. Means, with respect to any Member, such Member’s Capital Contribution less amounts previously distributed to such Member under subsection 2.1(c) or 4.2(b).
Unrecovered Capital Contribution means Class A Member’s Capital Contributions minus any return of capital made to such Class A Member. In this Offering, Manager has elected to treat quarterly distributions as a return on investment.