Total Contribution Value definition
Total Contribution Value means the total value of all Contributions to be provided under this agreement as specified in the Contributions Table, as adjusted, where necessary, for CPI;
Total Contribution Value means, with respect to a Contributed Property, the sum of (A) the Approved Contribution Value, and (B) the Company Payment. “Total Project Commitment” means, with respect to an Approved Project, the total equity required from the Company as set forth in the Approved Budget for such Approved Project, and with respect to a Member, such Member’s Percentage Interest times the amount of total equity for such Approved Project. “Tranche I Capital Contributions” means Capital Contributions funded for Tranche I Assets. “Tranche I Investment Period” means the period commencing on the Effective Date and ending on the earliest of (A) the two-year anniversary of the date that the Company or a Subsidiary Entity acquires the first Tranche I Project, (B) the date on which the amount needed to fund the acquisition and development of the next Approved For-Rent Development Project to be acquired by the Company or a Subsidiary Entity is greater than the then Uncommitted Tranche I Commitment, (C) the date on which a Member has funded or committed to fund Capital Contributions totaling such Member’s Total Tranche I Commitment, or (D) the date on which Builder terminates the Investment Period if an Exclusivity Termination Event has occurred. “Tranche I Assets” means all Company Assets (including, the Approved Projects, Subsidiary Entities and BTR Parcels) acquired using proceeds from the Total Tranche I Commitment. “Tranche I Projects” means the Approved Pursuit Projects acquired using proceeds from the Total Tranche I Commitment. “Tranche II Capital Contributions” means Capital Contributions funded for Tranche II Assets. “Tranche II Investment Period” means the period commencing one calendar day the expiration of the Tranche I Investment Period and ending on the earliest of (A) the two-year anniversary of the date that the Company or a Subsidiary Entity acquires the first Tranche II Project, as the same be extended with the Board’s approval, (B) the date on which a Member has funded or committed to fund Capital Contributions totaling such Member’s Total Tranche II Commitment, or (C) the date on which Builder terminates the Investment Period if an Exclusivity Termination Event has occurred. Notwithstanding the foregoing, the Tranche II Investment Period shall not commence if the Tranche I Investment Period was terminated based on the occurrence of an Exclusivity Termination Event. “Tranche II Assets” means all Company Assets (including, the Approved Projects, Subsidiary Entities...