Unreturned Capital Value definition

Unreturned Capital Value shall have the meaning given in the LLC Agreement.

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Unreturned Capital Value means the amount of the Capital Contributions made by a Member, reduced by the aggregate amount of all distributions made by the Company to such Member pursuant to Section 4.1 prior to such time.

Examples of Unreturned Capital Value in a sentence

Amounts to be distributed to the holders of Series A Preferred Units pursuant to the first sentence of this Section 7.2(a) will be distributed among such holders in proportion to and to the extent of the Unreturned Capital Value in respect of the Series A Preferred Units owned by each such holder as of the time of the applicable Distribution.
No Distribution or any portion thereof may be made pursuant to Section 7.2(d) through Section 7.2(f) until the entire amount of Unreturned Capital Value of all outstanding Class A Common Units as of the time of such Distribution has been paid in full to the holders of Class A Common Units.
Amounts to be distributed to the holders of Class A Common Units pursuant to the first sentence of this Section 7.2(c) will be distributed among such holders in proportion to and to the extent of the Unreturned Capital Value in respect of the Class A Common Units owned by each such holder as of the time of the applicable Distribution.
No Distribution or any portion thereof may be made pursuant to Section 7.2(b) through Section 7.2(f) until the entire amount of Unreturned Capital Value of all outstanding Series A Preferred Units as of the time of such Distribution has been paid in full in cash.
Except as provided in Section 7.8, no Distribution or any portion thereof may be made pursuant to Section 7.2(b) through Section 7.2(f) until the entire amount of Unreturned Capital Value of all outstanding Series A Preferred Units as of the time of such Distribution has been paid in full in cash.
No Distribution or any portion thereof may be made pursuant to, or in accordance with, Section 7.1(i) through 7.1(j) until the entire amount of Additional Class A-2 Unreturned Capital Value of the Class A-2 Units as of the time of such Distribution has been paid in full.
Neither this Agreement nor any of Source Europe's ----------------- rights hereunder shall be sold, transferred or assigned by Source Europe without Source's prior written approval, and no rights shall devolve by operation of law or otherwise upon any assignee, receiver, liquidator, trustee or other party.
Amounts to be distributed to the holders of Class B Common Units pursuant to the first sentence of this Section 7.2(d) will be distributed among such holders in proportion to and to the extent of the Unreturned Capital Value in respect of the Class B Common Units owned by each such holder as of the time of the applicable Distribution.
So long as there is any Unpaid Yield or ----------------- Unreturned Capital Value with respect to the Class A Units, the Avalon Parties shall not Transfer Securities or Ownership Interests to any Person (other than pursuant to clause (i) of Section 1(d)) in exchange for consideration other than cash, cash equivalents, capital stock of a class that is publicly traded or some combination thereof.
Pursuant to Section 10.1 of the Credit Agreement, the Majority Lenders hereby waive any Default or Event of Default that may have occurred prior to the Amendment Effective Date due to a breach of Section 7.12 caused by Optional Indebtedness Payments in excess of the amount permitted thereby.

More Definitions of Unreturned Capital Value

Unreturned Capital Value means, for (i) any Class A Common Unit, the amount of the Common Capital Value for such Class A Common Unit, reduced by all Distributions made by the Company on such Class A Common Unit pursuant to Section 7.2(c) hereof, (ii) any Class B Common Unit, the amount of the Common Capital Value for such Class B Common Unit, reduced by all Distributions made by the Company on such Class B Common Unit pursuant to Section 7.2(d) hereof and (iii) any Series A Preferred Unit, the amount of the Series A Preferred Capital Value for such Series A Preferred Unit, reduced by all Distributions made by the Company on such Series A Preferred Unit pursuant to Section 7.2(a) hereof.

Unreturned Capital Value means, for any Unit at any time, the amount of the Capital Value for such Unit, reduced by the aggregate amount of all Distributions made by the Company in respect of such Unit pursuant to Section 7.02(b) prior to such time.