Examples of Unpaid Preferred Return in a sentence
For the avoidance of doubt, the Preferred Unitholders acknowledge and agree that, effective as of the effectiveness of this Agreement, the Unpaid Preferred Return (as defined in the Prior Agreement) is $0.
Notwithstanding anything to the contrary set forth above, if any Preferred Unitholder shall exercise the Redemption Right with respect to any Preferred Units, the Partnership shall be obligated to pay to such Preferred Unitholder, together with the Cash Amount, the Unpaid Preferred Return attributable to the Preferred Units being redeemed as of the date such payment is made.
Notwithstanding Section 4.4(a), if the amount described in Section 4.4(a)(i) or Section 4.4(a)(ii)(1) has not been distributed pursuant to Section 4.4(a)(i) or Section 4.4(a)(ii)(1), respectively, due to the proviso set forth therein, the Company shall make a guaranteed payment to the Preferred Unitholders, out of the Distributable Assets, in an amount equal to the Current Preferred Return or Unpaid Preferred Return, respectively, before any subsequent distributions are made pursuant to Section 4.4(a).
No Member shall be entitled to interest on its Capital Contribution; provided, however, that this provision shall not be deemed to be contrary to the distribution requirement for Unpaid Preferred Return under Section 5.2(i).
After payment of such amounts, the Limited Partner shall be deemed to have made its Contributions as of the applicable Drawdown Date(s) for purposes of calculating such Limited Partner’s Unpaid Preferred Return.