Additional Invested Capital means the cumulative total, as of any given date during the Term of this Agreement, of: (i) any expenditures made by TRS pursuant to Section 8.03; plus (ii) any contributions by TRS to the Reserve beyond the funding described in Section 8.02 A, other than those contributions which are treated as Operating Expenses or reimbursed to TRS under Section 8.02 E plus (iii) any expenditures Owner is required to make to the real property described on Exhibit A pursuant to any and all leasehold agreements between Owner and TRS.
Additional Invested Capital means the cumulative total, as of any given date during the Term, of the following: (i) any contribution made by Owner pursuant to Section 7.01A (provided that Additional Invested Capital shall be decreased by any return to Owner of excess Working Capital pursuant to Section 7.01B); (ii) any expenditures made by Owner pursuant to Section 8.03, and any expenditures by Owner pursuant to Section 19.09; (iii) any contributions by Owner to the FF&E Reserve (beyond the funding described in Section 8.02B), other than those contributions which are reimbursed to Owner under Section 8.02F; (iv) consideration paid and reasonable costs incurred by Owner or any Affiliate of Owner in connection with the purchase of any interest (direct or indirect) held in Owner by any party which is not an Affiliate of Owner; and (v) Expansion Payments paid pursuant to the Expansion Agreement or Stock Purchase Agreement, and (vi) any additional amounts advanced or funded by Owner pursuant to this Agreement which do not constitute Owner Deductions.
Additional Invested Capital means, with respect to each Hotel, the sum of any amounts paid after the Effective Date by (a) the applicable Landlord pursuant to Sections 5.1.2(b), 10.2.3 or 11.2 of the applicable Lease or, (b) the applicable Owner pursuant to Section 5.04 or Section 5.06 or pursuant to Section 6.04 or Section 6.07 in excess of the insurance proceeds or Award, as the case may be.
Examples of Additional Invested Capital in a sentence
The Company has distributed $105,000,000 to Prime or its assignee pursuant to this Agreement and the Company will distribute an amount equal to the UST Required Additional Invested Capital to Prime pursuant to this Agreement without reduction in Prime's Invested Capital.
Except as and in the manner provided with respect to the UST Required Additional Invested Capital, no Member shall have any obligation to restore any deficit in such Member's Capital Account, and such deficit shall not be considered a debt owed to the Company or to any other person.
The Owner’s Priority for each Hotel shall be determined in accordance with the definition thereof based upon the Additional Invested Capital for such Hotel as most recently reported to Manager by the applicable Owner.
Additional Invested Capital means the cumulative total, as of any given date during the Term of this Agreement, of any expenditures made by Lessor to increase the scope and size of the Hotel in the form of banquet space, meeting space and additional rooms for rent; all of which would add revenues.
More Definitions of Additional Invested Capital
Additional Invested Capital means the cumulative total, as of any given date during the Term of this Agreement, of: (i) any expenditures made by Owner pursuant to Section 8.03, plus (ii) any contributions by Owner to the Reserve beyond the funding described in Section 8.02 A, other than those contributions which are treated as Deductions or reimbursed to Owner under Section 8.02 E, plus (iii) any advances of Working Capital made by Owner pursuant to Section 7.01 (including any advances by Owner for the payment of Impositions under Section 13.01) from its own funds, so long as any such advance is not made as a result of an Operating Loss (described in Section 9.04), and further provided that any subsequent reimbursement of Working Capital to Owner (including any reimbursement of payments made by Owner for Impositions) shall reduce the amount of Additional Invested Capital by the same amount of any such reimbursement, plus (iv) any rental payments pursuant to any capital leases approved by Management Company and Owner that are not otherwise paid from the Reserve or treated as a Deduction under the terms of this Agreement, plus (v) special assessments paid by Owner pursuant to clause (2) of Section 13.02.
Additional Invested Capital means the cumulative total, as of any --------------------------- given date during the Term, of the following: (i) any expenditures made by Owner in response to a Building Estimate, pursuant to Section 8.03, and any expenditures by Owner pursuant to Section 20.10.C; (ii) any contributions by Owner to the FF&E Reserve (beyond the funding described in Section 8.02.B and 8.02.E); other than those contributions which are reimbursed to Owner under Section 8.02.F; (iii) any payments by Owner with regard to special assessments or impact fees, pursuant to Section 13.01.B(2) or 13.01.B(3); and (iv) any costs, expenses and charges which are described on Exhibit "F" hereto as September 13, 1993 2 "capital charges" pursuant to Section 2.05.A. Owner shall give Management Company prompt notice of any amounts for which it has provided funding which constitute "Additional Invested Capital" together with such evidence of funding as Management Company may reasonably require.
Additional Invested Capital means the cumulative total, as of any given date during the term of this Agreement, of: (i) any expenditures made by Owner pursuant to Section 8.03 (including any expenditures made by Owner during the first twenty-four (24) Accounting Periods following the Management Commencement Date pursuant to any property improvement plan setting forth required property improvements as mutually agreed by Management Company, Owner and Franchisor), plus (ii) any contributions by Owner to the Reserve beyond the funding described in Section 8.02 A, other than those contributions which are treated as Deductions or reimbursed to Owner under Section 8.02 E, plus (iii) any advances of Working Capital made by Owner pursuant to Section 7.01, so long as any such advance is not made as a result of an Operating Loss (described in Section 9.04), and further provided that any subsequent reimbursement of Working Capital to Owner shall reduce the amount of Additional Invested Capital by the same amount of any such reimbursement, plus (iv) any rental payments pursuant to any capital leases approved by Management Company and Owner that are not otherwise paid from the Reserve or treated as a Deduction under the terms of this Agreement.
Additional Invested Capital means the cumulative total, as of any --------------------------- given point in time during the Term, of the following: (i) any expenditures made by Owner pursuant to Section 8.03, excepting expenditures made pursuant to Section 20.10 C; (ii) any contributions by Owner to the FF&E Reserve (beyond the funding described in Section 8.02 B), other than those contributions that are reimbursed to Owner under Section 8.02 E; and (iii) any payments by Owner with regard to special assessments or impact fees pursuant to Section 13.01 B(2) or (3).
Additional Invested Capital means the cumulative total, as of any given date during the Term of this Agreement, of: (i) any expenditures made by Owner pursuant to Section 8.03, plus (ii) any contributions by Owner to the Reserve beyond the funding described in Section 8.02 A, other than those contributions which are treated as Deductions or reimbursed to Owner under Section 8.02 E, plus (iii) any advances of Working Capital made by Owner pursuant to Section 7.01 (including any advances by Owner for the payment of Impositions under Section 13.01) from its own funds, so long as any such advance is not made as a result of an Operating Loss (described in Section 9.04), and further provided that any subsequent reimbursement of Working Capital to Owner (including any reimbursement of payments made by Owner for Impositions) shall reduce the amount of Additional Invested Capital by the same amount of any such reimbursement, plus (iv) any rental payments pursuant to any capital leases approved by Management Company and Owner that are not otherwise paid from the Reserve or treated as a Deduction under the terms of this Agreement, plus (v) special assessments paid by Owner pursuant to clause (2) of Section 13.02. Affiliate means any individual or entity, directly or indirectly through one or more intermediaries, controlling, controlled by, or under common control with a party. The term “control,” as used in the immediately preceding sentence, means, with respect to a corporation, the right to exercise, directly or indirectly, fifty point one percent (50.1%) or more of the voting rights attributable to the shares of the controlled corporation, and, with respect to an entity that is not a corporation, the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of the controlled entity. Agreement shall have the meaning set forth in the Preamble. Annual Operating Projection shall have the meaning set forth in Section 9.03.
Additional Invested Capital means the cumulative total, as of any --------------------------- given point in time during the term of this Agreement, of any expenditures made by Owner pursuant to Section 8.03 and any contributions by Owner to the FF&E Reserve beyond the funding described in Section 8.02 B.
Additional Invested Capital means, without duplication, the cumulative total, as of any given date during the Term, of all contributions or advances of capital made by Owner or Master Tenant or by their respective members in respect of the Property, whether in the form of equity contributions or member loans.