Return of Initial Capital Contributions Sample Clauses

Return of Initial Capital Contributions. So long as the Manager does not elect to reinvest Capital Contributions, upon the sale or other disposition (such as pay off) of the Company’s loans, the Manager shall distribute and return to the Class A Members the full amount, or such portion of, each Class A Member’s initial capital contribution as the Manager shall determine in the Manager’s sole and reasonable discretion taking into account such factors as anticipated current and future cash requirements of the Company. The Manager intends use proceeds from such dispositions to finance further lending activities in accordance with the objectives of the Company. The Manager may, in the Manager’s sole and reasonable discretion, distribute to each Class A Member, on a quarterly basis, an amount of cash necessary to provide each Class A Member with a pre-tax non-cumulative annual return of eight percent (8.0%) non-compounding return on the outstanding amount of each such Class A Member’s initial Capital Contribution.
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Return of Initial Capital Contributions. The Partnership hereby refunds and distributes (i) to Holdings the initial capital contribution made by Holdings to the Partnership along with 97.0% of any interest or profit that resulted from the investment or other use of such capital contribution, (ii) to RRMC the initial capital contribution made by RRMC to the Partnership along with 1.0% of any interest or profit that resulted from the investment or other use of such capital contribution and (iii) to the General Partner the initial capital contribution made by the General Partner to the Partnership along with 2.0% of any interest or profit that resulted from the investment or other use of such capital contribution.
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Return of Initial Capital Contributions. To each of the Members, their initial capital contributions made under SECTION 3.2(A) above.
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Related to Return of Initial Capital Contributions

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Initial Capital Contribution On March 7, 2007, the Member made a capital contribution of One Hundred Dollars ($100.00) to the Company, and, as consideration therefor, the Member received a percentage interest of One Hundred Percent (100%) in the Company.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

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