Unreturned Preferred Capital definition

Unreturned Preferred Capital with respect to each Unitholder means the excess, if any, of (i) such Unitholder's aggregate Capital Contributions in respect of Preferred Units over (ii) the aggregate amount of all distributions made to such Unitholder pursuant to or in accordance with Section 4.4(a)(i).

Unreturned Preferred Capital means at any time the aggregate Capital ---------------------------- Contributions with respect to the Investor Units reduced by all prior distributions made to the holders of Investor Units by the Company pursuant to Section 5.2(b). --------------

Unreturned Preferred Capital means, with respect to each Member, such Member's Preferred Capital reduced by all prior distributions made to such Member by the Company pursuant to Section 5.2(a)(ii).

Examples of Unreturned Preferred Capital in a sentence

• On the Mandatory Redemption Date, the Manager shall be obligated to cause the Company to redeem the entirety of the Preferred Member’s Interest in exchange for distributions made to the Preferred Member in an amount equal to the aggregate of (i) Unreturned Preferred Capital, (ii) all accrued and unpaid Preferred Return, and (iii) all actual third party costs and expenses incurred by the Preferred Member in connection with such redemption.

• So long as Unreturned Preferred Capital remains outstanding, Company shall not be a Plan and none of the assets of Company shall constitute Plan Assets.

• The amount paid by Preferred Member in respect of such other Necessary Expenses shall be deemed to be an additional PE Contribution and shall be added to the Unreturned Preferred Capital of Preferred Member.

• To exercise the Partnership Redemption Right, the Board of Managers shall deliver to the JMB Partner a written notice (a “Partnership Redemption Notice”) setting forth: (i) the date upon which the redemption shall occur (a “Redemption Date”); and (ii) the dollar amount of the Unreturned Preferred Capital (and the corresponding number of Class J Units) that is being redeemed (the “Redemption Amount”).

More Definitions of Unreturned Preferred Capital

Unreturned Preferred Capital means the aggregate Preferred Capital less all distributions of Preferred Capital to the Xxxxxxx Member (but not less than zero). For the avoidance of doubt, an advance of funds pursuant to a Xxxxxxx Principal Loan shall not be deemed a distribution of Preferred Capital.

Unreturned Preferred Capital means, for any Member at ---------------------------- any time, the excess (if any) of such Member's Preferred Capital over all amounts previously distributed to such Member pursuant to Section 8.2(a) or 8.4(b)(1).

Unreturned Preferred Capital means with respect to each Preferred Unit at any time the excess, if any, of (a) $1,000 over (b) all prior distributions made by the Company with respect to such Preferred Unit pursuant to Section 5.2(b).

Unreturned Preferred Capital means the positive balance (not reduced below zero) of PE Contributions less distributions to Preferred Member under Section 3.1(a)(3) and Section 3.1(b)(2). EXHIBIT C Representations and Warranties of the Company to Preferred Member The Sponsor Member hereby represents and warrants that the following are true and correct as of the date hereof:

Unreturned Preferred Capital means, with respect to a Preferred Unit, the excess, if any, of (a) (i) if such Preferred Unit is a Warrant Preferred Unit, the Deemed Preferred Unit Amount in respect to such Warrant Preferred Unit or (ii) if such Preferred Unit is not a Warrant Preferred Unit, the Capital Contribution made in exchange for or on account of such Unit over (b) all Distributions made by the Company on account of such Warrant Preferred Unit or Preferred Unit after all Unpaid Preferred Yield on account of such Warrant Preferred Unit or Preferred Unit shall have been paid in full.

Unreturned Preferred Capital means an amount not less than zero and equal to the excess of a Preferred Member’s total Capital Contributions with respect to its Preferred Membership Interest over the sum of any distributions to such Member pursuant to Section 4.1(b)(ii) with respect to such Member’s Preferred Membership Interest.

Unreturned Preferred Capital means at any time an amount equal to the excess of the Preferred Capital at such time over the aggregate of all previous distributions to the General Partner pursuant to Section 4.7(b) or Section 3.6, all such distributions to be applied first in reduction of the Initial Preferred Capital until the Initial Preferred Capital shall have been reduced to zero (0).