Recallable Amounts. In addition to making contributions of its Undrawn Commitments, a Common Unitholder may be required to re-contribute amounts previously distributed to it with respect to its Common Units in an aggregate amount up to such Common Unitholder’s recallable amount (“Recallable Amount”), which equals, with respect to each Common Unit, such Common Unit’s share of (a) 75% of the lesser of the principal amount or the cost portion of any Portfolio Investment that is fully repaid to or otherwise fully recouped by the Company in the form of cash proceeds, whether from the issuer or a third party upon the sale, exchange, repayment, redemption, or disposition of such Portfolio Investment, within one year of the Company’s investment in such Portfolio Investment, and (b) distributions of amounts that were contributed in anticipation of a potential Portfolio Investment that the Company did not consummate within 90 days of the contribution date.
Appears in 3 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (TCW Direct Lending LLC), Limited Liability Company Agreement (TCW Direct Lending LLC)