Unreturned Capital Contribution means with respect to each Member, the amount of such Member’s Capital Contribution less any amounts paid to such Member as a return of its Capital Contribution as required by Sections 4.1 and 9.3.
Unreturned Capital Contribution means, with respect to any Member, the initial contribution by such Member to the Company or a Series pursuant to this Agreement, less any returned capital specified as such, that is not classified by the Manager as a return on investment. Certificate of Formation shall mean the Certificate of Formation of the Company and any and all amendments thereto and restatements thereof filed on behalf of the Company with the office of the Secretary of State of the State of Delaware pursuant to the Act. Mythic Collection, LLC Amended and Restated Company Agreement Code shall mean the Internal Revenue Code of 1986, as amended from time to time, or any superseding federal tax law. A reference herein to a specific Code section refers, not only to such specific section, but also to any corresponding provision of any superseding federal tax statute, as such specific section or such corresponding provision is in effect on the date of application of the provisions of this Agreement containing such reference. Company shall refer to Mythic Collection, LLC, formed and continued under and pursuant to the Act and this Agreement. Company Agreement or Agreement shall mean the Series Limited liability company Agreement, as amended, modified, supplemented or restated from time to time.
Unreturned Capital Contribution means the cumulative Capital Contributions of a Partner, reduced, but not below $0, by the cumulative amounts distributed to that Partner pursuant to Section 5.02(a) hereof.
Examples of Unreturned Capital Contribution in a sentence
The determination of the 125% Standard and the Liquidation Value shall be made without consideration of the Unreturned Capital Contribution of the Manager.
An Unreturned Capital Contribution shall not be a liability of the Partnership or any Partner.
If such allocation is made, the cash necessary to pay same shall be withheld from Distributable Cash that would otherwise be distributable to such Limited Partner or shall reduce the Unreturned Capital Contribution Balance of such Limited Partner.
Fourth, any remaining Net Profits shall be allocated among the Partners whose Unreturned Capital Contribution Account exceeds their respective Positive Capital Accounts, to the extent of such aggregate differences, pro rata in proportion to the amount of such excess.
Except as provided in Section 4.4 hereof, distributions of Cash Flow shall be made to the Members as follows: (a) First, to the Managing Member, until the Managing Member has received an aggregate amount under this Section 4.1.1(a) and under Section 4.1.2(a) below equal to an accrued return of eleven percent (11%) per annum on the Managing Member’s Unreturned Capital Contribution; (b) Then, to the Members in accordance with their respective Percentages.
More Definitions of Unreturned Capital Contribution
Unreturned Capital Contribution of any Member means, at any date, the Capital Contributions of such Member reduced from time to time (but not below zero) by any distribution to such Member pursuant to Section 5.2(b)(ii) hereof.
Unreturned Capital Contribution means, with respect to a particular Member at any given time, an amount equal to: (a) the then aggregate amount of the Capital Contributions made to the Company by such Member for his/her/its Units; less (b) the then aggregate amount of Distributions made to such Member pursuant to Section 5.1(a). If any Person transfers all or a portion of their Units in accordance with the terms of this Agreement, the transferee shall succeed to the Unreturned Capital Contribution of the transferor to the extent that it relates to the transferred Units.
Unreturned Capital Contribution means, as calculated and determined with respect to each Member, the initial capital contribution of such Member, increased by additional Capital Contributions and only reduced by any distributions of capital pursuant to Sections 4.2(e) and (f) hereof. As of the date hereof, the amount of the Unreturned Capital Contribution of Managing Member is $800.00 and the amount of the Unreturned Capital Contribution of Non-Managing Member is $200.00.
Unreturned Capital Contribution means, as to each Member, such Member's Capital Contribution less the aggregate amount previously distributed to such Member under Section 4.1.2(b).
Unreturned Capital Contribution means, with respect to any Member, the initial contribution by such Member to the Company or a Series pursuant to this Agreement, less any returned capital specified as such, that is not classified by the Manager as a return on investment. Certificate of Formation shall mean the Certificate of Formation of the Company and any and all amendments thereto and restatements thereof filed on behalf of the Company with the office of the Secretary of State of the State of Delaware pursuant to the Act. Code shall mean the Internal Revenue Code of 1986, as amended from time to time, or any superseding federal tax law. A reference herein to a specific Code section refers, not only to such specific section, but also to any corresponding provision of any superseding federal tax statute, as such specific section or such corresponding provision is in effect on the date of application of the provisions of this Agreement containing such reference. Company shall refer to VV Markets, LLC, formed and continued under and pursuant to the Act and this Agreement. Company Agreement or Agreement shall mean the Series Limited liability company Agreement, as amended, modified, supplemented or restated from time to time.
Unreturned Capital Contribution shall have the meaning set forth in Section 5.2.4.
Unreturned Capital Contribution with respect to a Class B Unit or a Class C Unit shall equal the excess, if any, of the Capital Contributions made with respect to such Unit over the aggregate Distributions made with respect to such Unit pursuant to this Section 5.2.4. Except in the case of Distributions following the dissolution of the Company, Distributions under this Section 5.2.4 must be approved by the Board of Managers in accordance with Section 5.1.3.