Contribution Return definition

Contribution Return means, as of any date of calculation, a pre-tax cumulative return on the balance of the Limited Partner’s Contribution Account outstanding from time to time, computed at a per annum rate equal to (a) during any period when any principal portion of the Equity Note is outstanding as a LIBOR Rate Loan, the Contribution LIBOR Rate; (b) during any period when either (i) 100% of the principal balance of the Equity Note is a Base Rate Loan, or (ii) the Base Rate applies to the Equity Note as a result of any circumstance described in Section 6 of the Equity Note, the Base Rate; or (c) during any period when an Event of Default shall have occurred and remain uncured, the Overdue Rate; provided, however, that in none of the foregoing cases shall the applicable foregoing rate exceed the highest interest rate applicable to the Equity Note permitted by law; and provided further that any amounts of Contribution Return not distributed in accordance with §3.5 hereof shall bear interest at the Overdue Rate.

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Contribution Return means, as of any date of calculation, (a) with respect to the aggregate amount of the Contribution, a pre-tax cumulative return on the balance of the Contribution outstanding from time to time, and (b) with respect to each Parcel Contribution Tranche, a pre-tax cumulative return on the balance of such Parcel Contribution Tranche outstanding from time to time, in each case computed at a per annum rate equal to (i) during any period when a LIBOR Rate Loan is outstanding, (A) during each Interest Period commencing prior to the Final Completion Date, the Interim Rate and (B) during each Interest Period commencing on or after the Final Completion Date, the sum of the Adjusted LIBOR Rate for such Interest Period plus 2.45% per annum; (ii) during any period when either (A) 100% of the principal balance of the Loan is a Base Rate Loan, or (B) the Base Rate applies as a result of any circumstance described in Section 2.4 (f) of the Loan Agreement, the Base Rate; or (iii) during any period when an Event of Default shall have occurred and remain uncured, the Overdue Rate; provided, however, that in none of the foregoing cases shall the applicable foregoing rate exceed the highest rate permitted by Applicable Law. During the period from the first Funding Date on which a Contribution Advance shall be made with respect to the Parcel Contribution Tranche for such Property, to the related Parcel Completion Date, Contribution Return on such Parcel Contribution Tranche shall be compounded on each Loan Payment Date as a result of a Contribution Advance to be deemed made pursuant to Section 2.2 (d) of the Participation Agreement. After the related Parcel Completion Date, Contribution Return shall be payable on each Loan Payment Date from the proceeds of the Facility Rent payable by the Lessee on each such date and any amount of Contribution Return not so paid when due will bear interest at the Overdue Rate until paid in full (whether after or before judgment).

Contribution Return means, as of any date of calculation, with respect to the aggregate amount of the Contribution, a pre-tax cumulative return on the balance of the Contribution outstanding from time to time, computed at a per annum rate equal to (i) during any period when a LIBOR Rate Loan is outstanding, the sum of the Adjusted LIBOR Rate for such Interest Period plus 9.10% per annum; (ii) during any period when either (A) 100% of the principal balance of Loan B is a Base Rate Loan, or (B) the Base Rate applies as a result of any circumstance described in SECTION 2.4 (f) of the Loan Agreement, the Base Rate; or (iii) during any period when an Event of Default shall have occurred and remain uncured (other than an Event of Default resulting solely from a Loan Event of Default not caused by the acts or omissions of Lessee), the Overdue Rate; PROVIDED, HOWEVER, that in none of the foregoing cases shall the applicable foregoing rate exceed the highest rate permitted by Applicable Law. During the period from the first Funding Date on which a Contribution Advance shall be made to the Completion Date, Contribution Return shall be compounded on each Loan Payment Date as a result of a Contribution Advance to be deemed made pursuant to SECTION 2.2 (d) of the Participation Agreement. After the Completion Date, Contribution Return shall be payable on each Loan Payment Date from the proceeds of the Facility Rent payable by the Lessee on each such date and any amount of Contribution Return not so paid when due will bear interest at the Overdue Rate until paid in full (whether after or before judgment).

Examples of Contribution Return in a sentence

• If the Contributing Member elects to make an Additional Capital Contribution as a Priming Capital Contribution, such Priming Capital Contribution shall earn the Priming Capital Contribution Return and shall be repaid from distributions of Available Cash pursuant to Section 7.1(a)(i) and Section 7.1(b)(i).

• Any amounts distributed to a Member in respect of a Priming Capital Contribution shall be allocated first, to the Priming Capital Contribution Return and second, to return of such Priming Capital Contribution.

• The Contribution shall (i) be in an amount not to exceed the Equity Commitment, (ii) be repayable in full (subject to the provisions of Section 15.6 of the Lease) on the Scheduled Termination Date, (iii) bear a pre-tax cumulative return equal to the Contribution Return, and (iv) be subject to such other terms and conditions as the Lessor and the Lessee shall agree.

• All Capital Contributions of the Partners shall be credited to the Partners’ Capital Accounts maintained by the Partnership, in accordance with §3.3. Except as provided herein with respect to Contribution Return, no interest shall be paid on Capital Contributions.

• The EDD will require a good faith payment for all delinquent Quarterly Contribution Return and Report of Wages, DE 9, Quarterly Contribution Return and Report of Wages (Continuation), DE 9C, and Payroll Tax Deposit, DE 88, forms that have not been filed/paid through the current quarter for tax years 2011 forward.

• In the event that any distribution of Contribution Return shall not be paid when due under this §3.5(a), or within three Business Days thereafter, such unpaid distribution shall bear interest at the Overdue Rate from the date when due until paid.

• The Partnership’s obligation to the Limited Partner with respect to all Contribution Return credited to the General Partner Contribution Account shall be satisfied by distributions made pursuant to §3.5 (a) below.

• Under the Lease, the Lessee agrees to pay the Facility Rent for each Parcel to the Lender as agent and assignee of the Lessor in respect of the Contribution Return on each Rent Payment Date after the related Parcel Closing Date.

• In addition the employer will undertake to provide updates of this information in accordance with the Contribution Return Form which will be forwarded to the employer by the CEPU on a monthly basis.

• In addition, the Lessee agrees to pay as Facility Rent (i) on the Completion Date, all accrued and unpaid Contribution Return, if any, which shall not have been added to the balance of the Contribution in accordance with Section 2.2 of the Participation Agreement with respect to any period when the balance thereof equals the Equity Commitment, and (ii) an amount equal to the Lessor's Breakage Costs in the event of the imposition of such Lessor's Breakage Costs.

More Definitions of Contribution Return

Contribution Return means, as of any date of calculation, a pre-tax cumulative return on the balance of the Contribution outstanding from time to time, computed at a per annum rate equal to (a) during any period when a LIBOR Rate Loan is outstanding, (i) during each Interest Period commencing prior to the Completion Date, the Interim Rate and (ii) during each Interest Period commencing on or after the Completion Date, the sum of the Adjusted LIBOR Rate for such Interest Period plus 3.00% per annum; (b) during any period when either (i) 100% of the principal balance of the Loan is a Base Rate Loan, or (ii) the Base Rate applies as a result of any circumstance described in Section 2.4 (f) of the Loan Agreement, the Base Rate; or (c) during any period when an Event of Default shall have occurred and remain uncured, the Overdue Rate; provided, however, that in none of the foregoing cases shall the applicable foregoing rate exceed the highest rate permitted by Applicable Law. During the period from the initial Funding Date to the Completion Date, Contribution Return shall be compounded on each Loan Payment Date as a result of a Contribution Advance to be deemed made pursuant to Section 2.2 (d) of the Participation Agreement. After the Completion Date, Contribution Return shall be payable on each Loan Payment Date from the proceeds of the Facility Rent payable by the Lessee on each such date and any amount of Contribution Return not so paid when due will bear interest at the Overdue Rate until paid in full (whether after or before judgment).

Contribution Return means, as of any date of calculation, (a) with respect to the aggregate amount of the Contribution then outstanding, a pre-tax cumulative return on the balance of the Contribution outstanding from time to time, computed at a per annum rate equal to (i) during any period when a Remarketing Loan, if it were then outstanding under the Reimbursement Agreement, would be treated as a LIBOR Rate Loan, the Contribution Return Rate; (ii) during any period when either (A) such Remarketing Loan would be a Base Rate Loan, or (B) the Base Rate would apply as a result of any circumstance described in SECTION 2.03(f) of the Reimbursement Agreement, the Base Rate; or (iii) during any period when an Event of Default shall have occurred and remain uncured, the Overdue Rate; PROVIDED, HOWEVER, that in none of the foregoing cases shall the applicable foregoing rate exceed the highest rate of interest permitted by Applicable Law which would be applicable to the Contribution if it were treated as indebtedness of the Lessee to the Lessor. Contribution Return shall be payable on each Rent Payment Date from the proceeds of the Facility Rent payable by the Lessee on each such date and any amount of Contribution Return not so paid when due will bear interest at the Overdue Rate until paid in full (whether after or before judgment).