Distributable Capital Proceeds definition

Distributable Capital Proceeds means the amount received by the Partnership on a Capital Transaction (including amounts realized on an installment obligation received in a Capital Transaction) minus the costs of that transaction and the amount of any proceeds applied by the Partnership, in its reasonable discretion, towards Partnership expenditures or reserves for Partnership purposes other than distributions to Partners.
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Distributable Capital Proceeds means for any period the net cash proceeds realized by the Company from Capital Transactions for such period (but excluding Capital Contributions and Deficit Loans of the Members), after deducting (a) related capital expenses paid by the Company, (b) any payments of indebtedness of the Company related to such Capital Transaction and (c) any reserves established and funded with respect to contingencies related to such Capital Transaction.
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Distributable Capital Proceeds means the excess of (a) (i) the Capital Proceeds from a Capital Transaction, and (ii) any decrease in the reserves of the Company or a Project Entity or Owner, to the extent such reserves were funded with proceeds from a Capital Transaction; over (b) the sum of (i) amounts paid or payable by the Company to satisfy any debt required to be repaid by the Company in connection with any Capital Transaction giving rise to the Distributable Capital Proceeds or to satisfy liabilities and expenses attributable to the Capital Transaction, (ii) any other costs or expenditures attributable to the Capital Transaction or which are then due and payable by the Company, and (iii) such reserves as the Board determines are appropriate for the Company and its future needs.
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Examples of Distributable Capital Proceeds in a sentence

  • In such a transaction there shall be made such adjustments to the Members' Default Capital, accrued Default Preferred Return, Adjusted Capital and Capital Accounts as would have been made if Company Proceeds were Capital Proceeds, the Distributable Capital Proceeds of which were distributed (with applicable Company retentions) pursuant to SECTION 5.7.2.

  • Cash distributions under this Section (a) shall first be made from Distributable Cash Flow and then from Distributable Capital Proceeds.

  • The Owner shall distribute such contributions by such parties to any Project Entity as a return of capital, which shall (if such proceeds are Project Distributable Capital Proceeds) in turn distribute such contributions to the Company, which in turn shall (if such proceeds are Distributable Capital Proceeds) distribute such Contributions to the Members.

  • Nothing contained herein, however, will be construed as limiting any Members' (i) obligations to contribute capital to the Company pursuant to SECTION 5.2 (Additional Contributions) and to reinvest Distributable Capital Proceeds up to the amount of each Member's Adjusted Permanent Capital pursuant to SECTION 0, or (ii) liability to other Members on account of the liable member's breach of this Agreement.

  • Such agreements shall provide that the Project Distributable Cash Flow and Project Distributable Capital Proceeds from an EOP Project (which shall be determined after paying interest and principal on Project Required Funds Loans) shall be distributed as set forth below.

  • Manager shall cause the Company to repay Company Required Funds Loans from the Capital Proceeds of the Last Project prior to making any distribution to the Members of any Distributable Capital Proceeds from such Project.

  • During the Winding Up Period, Distributable Cash Flow and Distributable Capital Proceeds shall continue to be distributed to the Members as provided in SECTION 5.7 (Distributions) and Profits, Losses and credits shall continue to be allocated between the Members as provided in SECTION 5.8 (Allocations).

  • Unless the Members otherwise agree, the Company will make no distribution of Distributable Capital Proceeds to any Member which would reduce that Member's Adjusted Balance to an amount less than the Member's Adjusted Permanent Capital Amount from time to time.