Contributor Principal definition

Contributor Principal means each of those individual members of the Initial Non-Managing Members set forth on Schedule 1 hereto who receive from the Non-Managing Member a portion of the Special Distribution made to the Initial Non-Managing Members pursuant to Section 5.10 hereof, which individuals, for the avoidance of doubt, are not Members of the Company (collectively, “Contributor Principals”).
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Contributor Principal means each of those individual members of the Initial Non-Managing Members set forth on Schedule 1 hereto who receive from the Non-Managing Member a portion of the Special Distribution made to the Initial Non- Managing Members pursuant to Section 5.10 hereof, which individuals, for the avoidance of doubt, are not Members of the Company (collectively, “Contributor Principals”).
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Examples of Contributor Principal in a sentence

  • By their execution and delivery hereof, each Contributor Principal acknowledges that it has been provided the opportunity to execute a Principal Guarantee for the HCP Loan and the Existing Indebtedness as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP with respect to the HCP Loan and to the applicable lender with respect to any Existing Indebtedness, in each case as of the Effective Date.

  • For purposes of this agreement, contributions made to the Owner(s) shall be deemed as Contributor Principal.

  • As used herein, “Principal Guarantee” or “Principal Guarantees” means an agreement, or agreements, in substantially the form attached hereto as Exhibits E-1 and E-2 or in such other form as may be reasonably acceptable to the lender and such Contributor Principal and providing substantively the same benefits to such Contributor Principal as the form attached hereto as Exhibits E-1 and E-2.

  • By their execution and delivery hereof, each Contributor Principal acknowledges that it has been provided the opportunity to execute a Principal Guarantee for the ▇▇▇▇▇▇▇ Court I HCP Loan and/or ▇▇▇▇▇▇▇ Court II HCP Loan as of the Effective Date, and if such Contributor Principal has exercised such opportunity, it has executed and delivered such Principal Guarantee to HCP, in each case as of the Effective Date.

  • As used herein, “Principal Guarantee” means an agreement in substantially the form attached hereto as Exhibit E or in such other form as may be reasonably acceptable to the lender and such Contributor Principal and providing substantively the same benefits to such Contributor Principal as the form attached hereto as Exhibit E.

  • If the CPA’s appraisal is objected to by the Owner(s) or any Contributor or the selling Contributor, then the appraisals from three additional local CPAs shall be sought and obtained and the value of the selling Contributor Principal and Interest shall be determined as the average amount of all four appraisals.