Unrecovered Capital Contribution definition

Unrecovered Capital Contribution. For any Member, the aggregate amount of capital contributed by such Member reduced by the aggregate amount of capital theretofore distributed to such Member pursuant to Articles 16 and 17.

Unrecovered Capital Contribution means, with respect to any Member, as of any date, the aggregate amount of such Member’s Capital Contributions which have been made (or deemed made) to the Company from time to time less the sum of the aggregate distributions made to such Member pursuant to Section 8.1.

Unrecovered Capital Contribution means, with respect to any Member holding Series A Units as of any date, the excess, if any, of (i) the sum of the Capital Contributions made by such Member with respect to such Series A Units as of such date over (ii) the sum of the total amount of Capital Return Distributions made with respect to such Member’s Series A Units prior to such date.

Examples of Unrecovered Capital Contribution in a sentence

• One hundred percent (100%) of the Net Cash Flow from a refinance, sale of the Property, sale of substantially all of the assets of the Company or upon dissolution (or net proceeds of refinance or liquidation, as the case may be) to the Class A Members, in proportion to their respective Class A Interests, until each Class A Member’s Unrecovered Capital Contribution is reduced to zero.

• The Purchase Price funds advanced by MCHP shall be considered a Capital Contribution, and shall constitute an Unrecovered Capital Contribution entitled to an Unpaid Preferred Return, recoverable by MCHP as set forth in this Agreement.

• Net Cash Flow from a Capital Transaction Event shall be allocated and distributed as follows: First, Class A Members are entitled to a priority return of their respective Unrecovered Capital Contribution upon the sale or a refinance2 of the Property, or dissolution or liquidation of the Company in the following order of priority.

• The Net Loss of the Company for each fiscal year of the Company shall be allocated, first, to the Members on a pro rata basis in accordance with their respective Unrecovered Capital Contributions, to the extent of each Member’s Unrecovered Capital Contribution; then, the balance of the Net loss, if any, shall be allocated to the Members, pm rata in accordance with their respective Percentage Capital Accounts.

• For purposes of calculating the Unrecovered Capital Contribution for a Class A Unit, the amount distributed to the General Partner pursuant to Sections 7.2(a)(i)(B)(1) and (c)(ii)(A) on behalf of such Unit shall be included in the amounts distributed with respect to such Class A Unit.

More Definitions of Unrecovered Capital Contribution

Unrecovered Capital Contribution means any Capital Contribution that is made by a Class A Member and is not repaid pursuant to Section 7.2(d).

Unrecovered Capital Contribution means Class A Member’s Capital Contributions minus any return of capital from Net Capital Proceeds or Non-Core Revenue. In this Offering, Manager has elected to treat quarterly distributions from Net Cash Flow as a return on investment and returns from Net Capital Proceeds and/or Non-Core Revenue as a return of capital. “Vote” includes written consent.

Unrecovered Capital Contribution means, as of any date, a Member’s Capital Contributions (other than Priority Capital Contributions) reduced (but not below zero) by the amount of cash and the Gross Asset Value of any Company Assets distributed to such Member pursuant to (i) Section 3.3(b)(iv) and (ii) Section 5.3(c) (including by operation of Section 11.2(c)). In the event a Member Transfers all or any portion of such Member’s Company Interest in accordance with the terms of this Agreement, the Transferee of such Company Interest shall succeed to the Unrecovered Capital Contribution of the Transferor to the extent it relates to the Transferred Company Interest.

Unrecovered Capital Contribution means, with respect to any Member, as of any date, the aggregate amount of such Member's Capital Contributions which have been made (or deemed made) to the Company pursuant to Sections 7.1 or 7.2 from time to time, less the amounts that have been distributed to such Member as a return of capital pursuant to Section

Unrecovered Capital Contribution means, with respect to each Member, the excess, if any, of (i) the Capital Contribution of such Member over (ii) the cumulative amounts of Distributions made to such Member pursuant to Section 4.4(a)(i) as of such date.

Unrecovered Capital Contribution means, at any time, an amount equal the difference, if any, of a Member’s Capital Contribution, plus Additional Capital Contributions, minus all amounts theretofore distributed to such Member pursuant to Section 7.2(1) and Section 7.3(1) hereof.

Unrecovered Capital Contribution of a Member as of any date shall mean the excess of (x) the aggregate amount of Capital Contributions made by such Member (whether on the date hereof or hereafter), over (y) the total Distributions to such Member on or before the date in question (excluding any Distributions made pursuant to Sections 6.2(i)(a) and 6.2(i)(b)).