Owners Capital definition

Owners Capital means the aggregate of the funds of the Owners actually expended for the direct costs of acquiring real property, constructing and equipping the buildings and other improvements on real property, leasing of the tenant spaces in the Facilities and operating, financing and selling the Facilities.
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Owners Capital means an amount equal to $11,964,000. --------------
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Examples of Owners Capital in a sentence

  • Therefore, notwithstanding any other provision of this Article VII (other than the Regulatory Allocations), offsetting special allocations of Trust income, gain, loss, or deduction shall be made so that, after such offsetting allocations are made, each Owner's Capital Account balance is, to the extent possible, equal to the Capital Account balance such Owner would have had if the Regulatory Allocations were not part of the Agreement and all Trust items were allocated pursuant to Sections 7.01 and 7.

  • No Member or Economic Owner shall be paid interest on any Capital Contribution to the Company or on such Member's or Economic Owner's Capital Account, and no Member or Economic Owner shall have any right (a) to demand the return of such Member's or Economic Owner's Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI hereof or (b) to cause a partition of the Company's assets.

  • Allocations pursuant to this Section 5.6 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Member's or Economic Owner's Capital Account or share of profits, losses, other items or distributions pursuant to any provisions of this Agreement.

  • No Member or Economic Owner shall be required to pay to the Company or any other Member or Economic Owner any deficit or negative balance which may exist from time to time in such Member's or Economic Owner's Capital Account.

  • Except as otherwise provided in this LLC Agreement, the affirmative vote or consent of all of the Members shall be required to modify, compromise or release the amount and/or character of a Member's or Economic Interest Owner's Capital Contribution, or any promise made by a Member as consideration for the acquisition of an interest in the Company.

  • To the extent of any positive balance in such Owner's Capital Account, each Owner shall be specially allocated all Default Losses for such Fiscal Year resulting from defaults on such Owner's Related Owner Notes transferred to the Trust.

  • If the allocation of such Default Losses would be in excess of the positive balance in such Owner's Capital Account, such excess shall be allocated to the Other Owners to the extent of the respective positive balance in each other Owner's Capital Account and in proportion to each other Owner's initial Capital Contributions.

  • Any increase in a Member's or Economic Interest Owner's Preference Contribution Account pursuant to Section 6.3(e) shall not be added to such Member's or Economic Interest Owner's Capital Account.

  • Except as otherwise provided in this LLC Agreement, the unanimous affirmative vote or unanimous consent of all of the Members with Voting Rights shall be required to modify, compromise or release the amount and/or character of a Member's or Economic Interest Owner's Capital Contribution, or any promise made by a Member as consideration for the acquisition of an interest in the Company.

  • Except as otherwise required in the Act (and subject to the terms of this Article), no Member or Economic Interest Owner shall have any liability to restore any portion of a deficit balance in such Member’s or Economic Interest Owners Capital Account.