Unreturned Capital Contribution definition

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 the excess, if any, of (a) The sum of (i) In the case of the Members, the Original Capital Contribution; and (ii) Any additional capital contributions (other than contributions made pursuant to Paragraph 5.H hereof) made to the Company by such Member over (b) Any distributions from the Company to such Member of Excess Proceeds pursuant to Paragraph 11.A(d).

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 price paid at the time of Withdrawal shall be 90% of that Unit’s Unreturned Capital Contribution, without any allowance for appreciation of the Company’s assets (the “Unit Price”).

• The amount of such deferred distribution shall be included in the Member’s Unreturned Capital Contribution.

• Upon such conversion of Class B Membership Interest Units to GRMH Common Stock, there will be corresponding reduction of the Class B Member’s Unreturned Capital Contribution and the Unpaid Preference with respect to the Preferred Equity in the Company using the same conversion rate.

• Therefore, as used throughout this Agreement, the phrase “the purchase price determined pursuant to Article 11” when used in connection with a Membership Interest shall be equal to the Member’s Unreturned Capital Contribution plus the Member’s Unreturned Preferred Distribution Amount.

• Except as provided in Section 4.4 hereof, distributions of Cash Flow shall be made to the Members as follows: (a) First, to the Managing Member, until the Managing Member has received an aggregate amount under this Section 4.1.1(a) and under Section 4.1.2(a) below equal to an accrued return of eleven percent (11%) per annum on the Managing Member’s Unreturned Capital Contribution; (b) Then, to the Members in accordance with their respective Percentages.

More Definitions of Unreturned Capital Contribution

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, 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 means the amount of each Class A Member’s original Capital Contribution plus any additional Capital Contributions made by such Member reduced by the amount of any distributions received by such Member pursuant to Section 5.1(b).

Unreturned Capital Contribution means, as to each Member, such Member's Capital Contribution less the aggregate amount previously distributed to such Member under Section 4.1.2(b).

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, 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.