Unreturned Capital Contribution Clause Samples

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Unreturned Capital Contribution. The excess, if any, of a Member’s aggregate Capital Contributions made after the date of this Agreement, over the aggregate cash distributed to the Member after the date of this Agreement, except for Tax Distributions under Section 10.1.2. Shop At Home, Inc. 11.5 % $ The Scripps Shop At Home Holding Company 87.5 % $ SAH Acquisition Corporation 1 % $ THIS AGREEMENT, dated as of , 2002 (the “Effective Date”), is among The Scripps Shop At Home Holding Company fka SAH Holdings, Inc., an Ohio corporation (the “Company”), Shop At Home, Inc., a Tennessee corporation (“SATH”), and Scripps Networks, Inc., a Delaware corporation (“Scripps”).
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Unreturned Capital Contribution. With respect to any Member, the sum of all Capital Contributions made by such Member reduced by all distributions to such Member.
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Unreturned Capital Contribution. Unreturned Capital Contributions means, regarding a Member, all capital contributed by such Member less any amounts returned to such Member from a Capital Transaction pursuant to Section 4.2.
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Related to Unreturned Capital Contribution

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.