Common use of Investor Liquidation Amount Clause in Contracts

Investor Liquidation Amount. In the event that an Investor elects the Redemption Option under Section 10.2.A hereof or in the event that Inland delivers a Redemption Notice in accordance with Section 10.8.A hereof and, pursuant to the terms of Section 10.8.A hereof, the consideration for such redemption is such Investor’s Investor Liquidation Amount, the entire purchase price payable by the Company to an Investor (or its Affiliates) for such Investor’s Investor LLC Interest (the “Investor Liquidation Amount”) shall be an amount equal to the sum of the following: (i) the Unpaid Investor Preferred Return of such Investor as of the date of the Closing as reasonably determined by the Company’s accountant at such time, plus (ii) such Investor’s Invested Capital as of the date of the Closing. For all purposes of this Article X, in the event that an Investor elects the Redemption Option under Section 10.2.A hereof for less than all of its outstanding Class B Units at such time, then the Investor Liquidation Amount applicable to the Tendered Units of such Investor shall equal such Investor’s Investor Liquidation Amount as determined under this Section 10.10 multiplied by a fraction, the numerator of which shall be equal to the Tendered Units and the denominator of which shall be equal to all of the outstanding Class B Units held by such Investor at such time.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Inland American Real Estate Trust, Inc.), Limited Liability Company Agreement (Inland American Real Estate Trust, Inc.), Limited Liability Company Agreement (Inland American Real Estate Trust, Inc.)

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Investor Liquidation Amount. In the event that an the Investor elects the 10-Year Redemption Option under Section 10.2.A 10.2. hereof or in the event that Inland delivers a Redemption Notice in accordance with Section 10.8.A hereof and, pursuant to the terms of Section 10.8.A hereof, the consideration for such redemption is such Investor’s the Investor Liquidation Amount, the entire purchase price payable by the Company to an the Investor (or its Affiliates) for such Investor’s the Investor LLC Interest (the “Investor Liquidation Amount”) shall be an amount equal to the sum of the following: (i) the Unpaid Investor Preferred Return of such Investor as of the date of the Closing as reasonably determined by the Company’s accountant at such time, plus (ii) such the Investor’s Invested Capital as of the date of the Closing. For all purposes of this Article X, in the event that an the Investor elects the 10-Year Redemption Option under Section 10.2.A 10.2. hereof for less than all of its outstanding Class B Units at such time, then the Investor Liquidation Amount applicable to the Tendered Units of such Investor shall equal such the Investor’s Investor Liquidation Amount as determined under this Section 10.10 multiplied by a fraction, the numerator of which shall be equal to the Tendered Units and the denominator of which shall be equal to all of the outstanding Class B Units held by such the Investor at such time.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Inland Diversified Real Estate Trust, Inc.)

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Investor Liquidation Amount. In the event that an Investor elects the Investors elect the 10-Year Redemption Option under Section 10.2.A 10.2.A(iv) hereof or in the event that Inland delivers a Redemption Notice in accordance with Section 10.8.A hereof and, pursuant to the terms of Section 10.8.A hereof, the consideration for such redemption is such Investor’s the Investor Liquidation Amount, the entire purchase price payable by the Company to an Investor the Investors (or its their Affiliates) for such Investor’s the Investors’ Investor LLC Interest (the “Investor Liquidation Amount”) shall be an amount equal to the sum of the following: (i) the aggregate Unpaid Investor Preferred Return of such each Investor as of the date of the Closing as reasonably determined by the Company’s accountant at such time, plus (ii) such Investor’s the aggregate Invested Capital of each Investor as of the date of the Closing. For all purposes of this Article X, in the event that an Investor elects the Investors elect the 10-Year Redemption Option under Section 10.2.A 10.2.A(iv) hereof for less than all of its their outstanding Class B Units at such time, then the Investor Liquidation Amount applicable to the Tendered Units of such Investor shall equal such Investor’s the Investors’ Investor Liquidation Amount as determined under this Section 10.10 multiplied by a fraction, the numerator of which shall be equal to the Tendered Units and the denominator of which shall be equal to all of the outstanding Class B Units held by such Investor the Investors at such time.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Inland Diversified Real Estate Trust, Inc.)

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