Preferred Return Sample Clauses

Preferred Return. A Cumulative Return of six percent computed from the Initial Closing Date through the date as of which such amount is being calculated. Property or Properties. The Company's partial or entire interest in real property (including leasehold interests) located outside the United States and personal or mixed property connected therewith. An investment which obligates the Company to acquire a Property will be treated as a Property for purposes of this Agreement. Property Management Fee. A fee for property management services rendered by the Advisor or its Affiliates in connection with assets of the Company acquired directly or through foreclosure.

Preferred Return. The term “

Preferred Return. As noted, Distributions are not assured. Xxxxxxx Homes Xxxxxxx Loans | 15 Company Operating Agreement Note (Amended): Our Company may never raise enough capital to move forward with its intended business operations. First, to the Members, pro rata in accordance with their percentage interests in the Company as defined in the Operating Agreement (Percentage Interests), until all Members have received a cumulative, non compounded preferred return per annum on their Capital Contributions.

Preferred Return. A Cumulative Return of six percent computed from the Initial Closing Date through the date as of which such amount is being calculated.

Preferred Return. Subject to the further terms of the Agreement, until the time each Class A Member’s initial capital contribution is returned in full in accordance with Section 4.2 below as a result of the sale of the Company’s real property or disposition of Loans, the Manager may, in the Manager’s sole and reasonable discretion, distribute to each Class A Member, on a quarterly basis, an amount of cash necessary to provide each Class A Member with a pre-tax non-cumulative annual return of seven and a half percent (7.5%) (non-compounding) on the outstanding amount of each such Class A Member’s initial capital contribution. Distributions are expected to commence payments during the first quarter after the first anniversary date of the first Subscription Agreement accepted by the Company.

Preferred Return. When distributions are made, Members will receive the first dollars of Distributions from the previous month (as determined by the Manager) until they have received their Preferred Return.

Preferred Return. First, to the Members, pro rata in accordance with their percentage interests in the Company (as defined in the Operating Agreement - “Percentage Interest”), until all Members have received a cumulative, non-compounded preferred return of 8% per annum on their Capital Contributions.

Preferred Return. Holders shall be entitled to receive, with respect to each of their Class P Units, distributions payable quarterly in arrears, accruing daily from the date such Unit is issued, on the basis of a 360-day year composed of twelve 30-day months, on a cumulative basis at the Applicable Distribution Rate on the sum of (i) the Preferred Base Amount of such Class P Unit and (ii) the aggregate accrued distributions at the Applicable Distribution Rate (the “Preferred Return”) that have compounded on such Class P Unit but remain unpaid at the beginning of the relevant Preferred Return Period (whether or not declared by the Board) (such compounded and unpaid amount, the “Compounded Return”). If the Preferred Base Amount or the Compounded Return is reduced by any redemption or repurchase of a Class P Unit pursuant to Section 4 or Section 5 or pursuant to an RP Election (collectively, “Prior Preferred Redemptions”) made between Distribution Payment Dates, from such date of payment the Preferred Return shall accrue at the Applicable Distribution Rate on the basis of such reduced sum of the Preferred Base Amount and Compounded Return. The Preferred Return shall be payable quarterly in arrears on each Distribution Payment Date. If any scheduled Distribution Payment Date for Preferred Return falls on a date that is not a Business Day, the payment due on such date shall be postponed until the next succeeding Business Day, and no additional amount shall accrue as a result of such postponement if payment is made on such date. Distributions shall be payable to Holders of record of Class P Units as they appear on Schedule C to the LLC Agreement at 5:00 p.m., Las Vegas time, on the applicable record date, which shall be the Business Day immediately preceding the applicable Distribution Payment Date. The Preferred Return on a Class P Unit for any Preferred Return Period shall accrue and be payable in kind by adding to the then-existing Class P Unit Liquidation Preference of such Class P Unit an amount equal to the amount of such Preferred Return (but only to the extent such Preferred Return in respect of such Class P Unit has not previously been paid, including pursuant to an RP Election or Section 4.03(b), Section 4.03(c), Section 4.03(d) or Section 10.02 of the LLC Agreement). Notwithstanding anything to the contrary in this Annex A or the LLC Agreement (but without prejudice to the assumption stated in the final sentence of the definition of Applicable Premium), any payments in...

Preferred Return. A Funding Partner shall be specially allocated Net Income equal to 15% per annum on the funding provided on behalf of the Nonfunding Partner (and not subsequently made up by the Nonfunding Partner) until such time as the Nonfunding Partner contributes all of the remaining unfunded amounts to the Partnership.

Preferred Return. Second, any remaining net income from Company Operations shall be allocated 100% to the Members until they have been allocated amounts equal to the full amount of the Preferred Return which has been distributed to them.