Unrecovered Capital Contribution definition

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 no event will a redemption under this subparagraph (b) be for an amount less than the sum of such affected Member’s Unrecovered Capital Contribution.

• The Net Loss of the Company for each fiscal year of the Company shall be allocated, first, to the Members on a pro rata basis in accordance with their respective Unrecovered Capital Contributions, to the extent of each Member’s Unrecovered Capital Contribution; then, the balance of the Net loss, if any, shall be allocated to the Members, pm rata in accordance with their respective Percentage Capital Accounts.

• Net Cash Flow from a Capital Transaction Event shall be allocated and distributed as follows: First, Class A Members are entitled to a priority return of their respective Unrecovered Capital Contribution upon the sale or a refinance2 of the Property, or dissolution or liquidation of the Company in the following order of priority.

• The repurchase price per Unit shall equal the Unrecovered Capital Contribution of such Unit as of such day, reduced by all distributions after the date of determination of the Unrecovered Capital Contribution made with respect to the tendered Units.

• For purposes of calculating the Unrecovered Capital Contribution for a Class A Unit, the amount distributed to the General Partner pursuant to Sections 7.2(a)(i)(B)(1) and (c)(ii)(A) on behalf of such Unit shall be included in the amounts distributed with respect to such Class A Unit.

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 Investor Class Limited Partner’s initial Capital Contributions minus any return of capital made to such Investor Class Limited Partner. In this Offering, Sponsor has elected to treat quarterly distributions as a return of capital. Therefore, quarterly distributions made to Investor Class Limited Partners from Net Cash Flow from operations shall reduce Investor Class Limited Partner’s Unrecovered Capital Contribution.

Unrecovered Capital Contribution means any Capital Contribution that is made by a Class O Member and is not repaid pursuant to Section 7.2(d).

Unrecovered Capital Contribution means the amount of cash or property actually contributed by a Member to the Company plus, if any, the outstanding principal amounts on notes evidencing a portion of Capital Contribution (as long as such notes are not in default) as reduced from time to time by the amount of all distributions of Net Extraordinary Cash Income made to a Member or made to any predecessor holder of the membership interest of the then Member.

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.