Class 1 Residual Return and Residual Profits Amount Sample Clauses

Class 1 Residual Return and Residual Profits Amount. (1) For Fiscal Years 2006 and 2007, the “Class 1 Residual Return” shall be equal to the greater of (A) $0 and (B) Operating Income for such Fiscal Year minus the sum of (i) the Class 1 Amount and (ii) the Residual Profits Amount for such Fiscal Year. (2) For Fiscal Years 2008 and 2009, the “Class 1 Residual Return” shall be equal to the greater of (A) $0 and (B) Operating Income for such Fiscal Year minus the sum of (i) the Class 1 Amount, (ii) the lesser of the Class 2A Cap and the Class 2A Amount, (iii) the Class 2A Preferred Return, (iv) the lesser of the Class 2B Cap and the Class 2B Amount and (v) the Residual Profits Amount for such Fiscal Year. (3) For Fiscal Year 2010 and each Fiscal Year thereafter, the “Class 1 Residual Return” shall be equal to the greater of (A) $0 and (B) Operating Income for such Fiscal Year minus the sum of (i) the Class 1 Amount, (ii) the lesser of the Class 2A Cap and the Class 2A Amount, (iii) the Class 2A Preferred Return, (iv) the lesser of the Class 2B Cap and the Class 2B Amount, (v) the lesser of the Class 5 Cap and the Class 5 Amount, and (vi) the Residual Profits Amount for such Fiscal Year, provided that the “Class 1 Residual Return” for Fiscal Year 2011 and each Fiscal Year thereafter shall not exceed 110.00% of the Class 1 Residual Return for the prior Fiscal Year.
Sample 1
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Related to Class 1 Residual Return and Residual Profits Amount

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Net Asset Value, Distributions, and Redemptions Section 1. Determination of Net Asset Value, Net Income, and Distributions. Subject to Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe and shall set forth in the By-laws or in a duly adopted resolution of the Trustees such bases and time for determining the per Share net asset value of the Shares of any Series and the declaration and payment of dividends and distributions on the Shares of any Series, as they may deem necessary or desirable.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Limited Distributions of Income from Trust Account (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a), no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof. (c) The Company shall provide Ladenburg with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

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