Unrecovered Contributions definition

Unrecovered Contributions of a Member as of any date shall mean the aggregate Capital Contributions from time to time made by such Member minus the total distributions to such Member on or before the date in question (other than distributions to such Member representing payment of the Preferential Return).
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Examples of Unrecovered Contributions in a sentence

  • Distributions under this clause (c), other than distributions under this clause (c) in an amount equal to the monthly principal payments made on the 2015 Project Loan, shall not reduce the Unrecovered Contributions of Skechers.

  • Distributions under this clause (c), other than distributions made pursuant to this clause (c) in an amount equal to the monthly principal payments made on any Loan referenced in the first sentence of this Section 5.2(c), shall not reduce the Unrecovered Contributions of Skechers.

  • The HF Member hereby consents to and approves of the Skechers Prepayment Contribution by the Skechers Member and agrees that (a) the Skechers Prepayment Contribution shall be treated as a Capital Contribution under the LLC Agreement and (b) the amount of the Unrecovered Contributions of the Skechers Member shall be increased, as of the Effective Date, by the Skechers Prepayment Contribution.

  • The Non-Managing Member shall have the right, at any time within five business days after the date of delivery of an Additional Capital Contribution Notice, to contribute to the Company its pro rata share (based on its Unrecovered Contributions as a percentage of all Unrecovered Contributions of all the Members) of such Additional Capital Contribution Amount.

  • The amount of the Contribution made on such Funding Date with respect to each Property will be added to the amount of the Unrecovered Contributions allocable to such Property.

  • The Skechers Member hereby consents to and approves of the HF Distribution, and the Members agree that the amount of the Unrecovered Contributions of the HF Member shall be decreased, as of the Effective Date, by the HF Distribution Amount.