Unreturned Capital Contribution means, with respect to any Member, the excess, if any, of the aggregate amount of all Capital Contributions contributed by such Member to the Company, over the aggregate amount of distributions made to such Member pursuant to Section
Unreturned Capital Contribution means the cumulative Capital Contributions of a Partner, reduced, but not below $0, by the cumulative amounts distributed to that Partner pursuant to Section 5.02(a) hereof.
Unreturned Capital Contribution means with respect to each Member, the amount of such Member’s Capital Contribution less any amounts paid to such Member as a return of its Capital Contribution as required by Sections 4.1 and 9.3.
Examples of Unreturned Capital Contribution in a sentence
The redemption price paid for Units under Section 12.2.5, shall be the lower of (a) the fair market value of the Company’s assets determined in accordance with Section 16.15, with the Company’s accountant determining the transferor Member’s capital account balance which would exist if the Company’s assets were sold in a taxable disposition for a price equal to such fair market value, and (b) any Unreturned Capital Contribution related to such Units.
More Definitions of Unreturned Capital Contribution
Unreturned Capital Contribution means, with respect to any Member, the initial contribution by such Member to the Company or a Series pursuant to this Agreement, less any returned capital specified as such, that is not classified by the Manager as a return on investment. Certificate of Formation shall mean the Certificate of Formation of the Company and any and all amendments thereto and restatements thereof filed on behalf of the Company with the office of the Secretary of State of the State of Delaware pursuant to the Act. Mythic Collection, LLC Amended and Restated Company Agreement Code shall mean the Internal Revenue Code of 1986, as amended from time to time, or any superseding federal tax law. A reference herein to a specific Code section refers, not only to such specific section, but also to any corresponding provision of any superseding federal tax statute, as such specific section or such corresponding provision is in effect on the date of application of the provisions of this Agreement containing such reference. Company shall refer to Mythic Collection, LLC, formed and continued under and pursuant to the Act and this Agreement. Company Agreement or Agreement shall mean the Series Limited liability company Agreement, as amended, modified, supplemented or restated from time to time.
Unreturned Capital Contribution of any Member means, at any date, the Capital Contributions of such Member reduced from time to time (but not below zero) by any distribution to such Member pursuant to Section 5.2(b)(ii) hereof.
Unreturned Capital Contribution means an amount equal to the total Capital Contributions made by a Class B Member with respect to the Preferred Equity less any amount of distributions of Distributable Cash, Discretionary Distributions, or Special Distributions at any time in excess of the Unpaid Preference.
Unreturned Capital Contribution means, with respect to each Member, such Member’s total Capital Contributions less distributions previously received by such Member pursuant to Section 3.1.2 of this Agreement.
Unreturned Capital Contribution means, as calculated and determined with respect to each Member, the initial capital contribution of such Member, increased by additional Capital Contributions and only reduced by any distributions of capital pursuant to Sections 4.2(e) and (f) hereof. As of the date hereof, the amount of the Unreturned Capital Contribution of Managing Member is $800.00 and the amount of the Unreturned Capital Contribution of Non-Managing Member is $200.00.
Unreturned Capital Contribution shall have the meaning set forth in Section 5.2.4.
Unreturned Capital Contribution with respect to a Class B Unit or a Class C Unit shall equal the excess, if any, of the Capital Contributions made with respect to such Unit over the aggregate Distributions made with respect to such Unit pursuant to this Section 5.2.4. Except in the case of Distributions following the dissolution of the Company, Distributions under this Section 5.2.4 must be approved by the Board of Managers in accordance with Section 5.1.3.