Capital Interest definition
Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.
Capital Interest means, with respect to any Joint Venture, the ratio of (i) Borrower’s contribution to the capital of such Joint Venture to (ii) the aggregate amount of all contributions to the capital of such Joint Venture.
Capital Interest means the fair market value as of the date contributed of a member's capital contribution as adjusted for any additional capital contributions or withdrawals;
Examples of Capital Interest in a sentence
For the purpose of calculating the value for assets in clauses (a) and (b) above, projects that have not yet attained a stabilized occupancy (which, for this purpose only, shall be 90% occupancy) shall be valued at the book value of the project (multiplied, if such project is owned by a Joint Venture, by Borrower’s Capital Interest in such Joint Venture).
More Definitions of Capital Interest
Capital Interest means the fair market value as of the
Capital Interest means the General Partner's Interest, other than its Carried Interest.
Capital Interest. Means with respect to each Member, the proportion that such Member’s aggregate Unrecovered Capital Contribution bears to the total Unrecovered Capital Contributions of all Members.
Capital Interest means the Member’s interest in the capital of the Company.
Capital Interest has the meaning set forth in this Annex A under the term “Equity Securities”.
Capital Interest is defined in Section 4.1(a).
Capital Interest means each of NGP I’s and NGP II’s (and their respective successors’ and assigns’) membership interest in the Company, with the rights and obligations specified in this Agreement.