Return on Capital Contribution Clause Samples
The Return on Capital Contribution clause defines how and when investors or partners are repaid the capital they have contributed to a business or venture. Typically, this clause outlines the priority and method of returning initial investments, such as through distributions of profits or upon liquidation of the entity. Its core function is to ensure that contributors are compensated for their investment before profits are divided among other stakeholders, thereby providing clarity and security regarding the return of invested funds.
Return on Capital Contribution. Except as otherwise provided in Article XIX, no Member shall demand a return on or of its Capital Contributions.
Return on Capital Contribution. Except as otherwise provided in Article 20, no Member shall demand a return on or of its Capital Contributions.
Return on Capital Contribution. Except as otherwise provided in Section 13 hereof, no Member shall demand or receive a return on or of its Capital Contributions or withdraw from the Company.
Return on Capital Contribution. The Capital Contribution outstanding from time to time shall earn income thereon ("Return") at a rate per annum equal to the sum of(i) the LIBOR Rate or the Alternative Rate whichever is in effect at such time plus (ii) two hundred fifty (250) basis points (2.50%), computed using the actual number of days elapsed and a 360-day year. If all or a portion of the principal amount of or Return on the Capital Contribution shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall, without limiting the rights of Lessor under the Lease, accrue Return at the Overdue Rate, in each case from the date of nonpayment until paid in full. Return shall be payable (a) in arrears on each Scheduled Payment Date regardless of the length of the then-applicable Interest Period, and (b) upon any prepayment, or termination of the Lease, including acceleration thereunder, on demand. The Interest Periods selected by Lessee pursuant to Section 1.1(a) hereof with respect to LIBOR Loans shall be applicable to the Interest Period applicable under clause (i) of the definition of Return, provided that in the event Lessee fails to give notice of such selection to Administrative Agent by 11:00 a.m. (New York City time) three (3) Business Days prior to the last date of an Interest Period, the next Interest Period shall be the same duration as the expiring Interest Period.