Unreturned Capital Contribution definition

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.

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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 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.

Examples of Unreturned Capital Contribution in a sentence

For purposes of this Section 3.6, the Unreturned Capital Contribution of a Member shall be adjusted by the amount of any impairment charged to such Member’s equity in accordance with GAAP so long as the impairment is deemed other-than-temporary and the applicable Permitted Investment for which such impairment relates is then in default.
The amount of such deferred distribution shall be included in the Member’s Unreturned Capital Contribution.
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.
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”).
Gratus Capital Properties Fund III LLC 31 Amended & Restated Operating Agreement The price paid at the time of Withdrawal shall be the greater of (1) the Company’s most recently determined and published NAV per Unit, times the number of Units being withdrawn, times the applicable Discount Factor OR (2) the Units' Unreturned Capital Contribution, without any allowance for appreciation of the underlying Properties (the “Unit Price”).

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, 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 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. 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 VV Markets, 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 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.

Unreturned Capital Contribution shall have the meaning set forth in Section 5.2.4.

Unreturned Capital Contribution means, with respect to any Class A Unit and at any time, an amount (not less than zero) equal to the Capital Contributions actually made with respect to such Class A Unit, at or prior to such time, less amounts distributed with respect to such Class A Unit at or prior to such time in excess of the cumulative return to which such Class A Unit is entitled.