Bonus Capital definition
Bonus Capital means, with respect to any Member at any time, the amount by which the aggregate Capital Contributions (including Capital Advances treated as Capital Contributions pursuant to Section 3.4(b)(i)) made by such Member pursuant to Section 3.4 exceed such Member’s Maximum Amount.
Examples of Bonus Capital in a sentence
Shareholder has informed the Prospect Parties that between the time of the October Interim Financial Statements and the Closing, he paid bonuses to employees of the Gateway Parties (“Employee Bonus Payments”) and related employment taxes thereon in an amount that corresponded dollar for dollar to the amount of a capital contribution made by Shareholder to Pinnacle for that purpose (“Pinnacle Bonus Capital Contribution”).
Specifically, the amount of the aggregate Employee Bonus Payments was $1,044,500, which was identical to the amount of the Pinnacle Bonus Capital Contribution.