Additional Preferred Return definition

Additional Preferred Return means an amount computed like interest at a rate of twelve and one-half percent (12.50%) per annum, compounded on the last day of each calendar year, on the Additional Preferred Return Base for the period from the Effective Date through the date of the relevant calculation.

Additional Preferred Return means (1) with respect to ROCK OHIO VENTURES I LLC an amount equal to ten (10) times the Capital Contribution (exclusive of any Senior Equity Capital Contribution) made with respect to its Interest in the Company, provided, however, that in no event shall the Capital Contribution upon which the Additional Preferred Return is based exceed the amounts set forth on Schedule 2.1(a) with respect to ROCK OHIO VENTURES I LLC, and (2) with respect to LAKES OHIO DEVELOPMENT LLC an amount equal to $5,000,000.

Additional Preferred Return shall have the meaning ascribed to such term in Section 5.3.

Examples of Additional Preferred Return in a sentence

• In connection with the determination of the amount of distributions of Remaining Distributable Cash Flow with respect to the Residual Units in accordance with Section 3.5, Company shall record in its books and records and track the Additional Preferred Return Account.

• RELATED PARTY TRANSACTIONS (Continued) Net cash from sale or refinancing shall be distributed to the Partners as follows: (1) proportionate to their respective amounts of Additional Preferred Capital, (2) proportionate to their respective amounts of Additional Preferred Return, (3) proportionate to their respective amounts of Cumulative Preferred Returns, and (4) proportionate to their respective amounts of Preferred Partnership Capital.

• Such changes may occur without notice, however, Supplier will use reasonable efforts to notify Customer in advance.

• The initial Capital Account for the holder of the Series T-1 Interest shall be equal to the lesser of (i) the sum of the Base Amount and all accrued and unpaid Preferred Return and Additional Preferred Return as of such date and (ii) the total Fair Market Value of the Partnership’s assets net of the Partnership’s liabilities as of the New Holder Date.

• Prior to any transfer of the Series T-1 Interest incident to a default on the Southern Diversified Timber Loan, holders of the Series T-1 Interest will not be entitled to receive any current distributions in excess of the Preferred Return and Additional Preferred Return.

• The Additional Preferred Return amount at December 31, 2001 related to BEF, BT Partnership and EST's Additional Preferred Capital balance was $2,746, $113,364 and $62,394, respectively.

• The Partners will be entitled to receive a 9% cumulative, non-compounding preferred return (the "Additional Preferred Return") based on their Additional Preferred Capital after the date of the Amendment.

• The Manager shall have the authority to set the Additional Preferred Return, if any, to be paid in respect of Additional Capital Units.

More Definitions of Additional Preferred Return

Additional Preferred Return means, as of any time of determination, an amount equal to (i) the sum of the Base Preferred Return rate in effect at such time plus three percent (3%) per annum multiplied by (ii) the amount of any Base Preferred Return that is not paid by the end of the Semi-Annual Period during which it accrued. The Additional Preferred Return shall continue to accrue until both the Base Preferred Return to which it relates and the Additional Preferred Return is paid in full pursuant to Sections 8.1 and 14.2.

Additional Preferred Return means any and all distributions to be made to the holder or holders of the Series T-1 Interest pursuant to Section 4(b) of this Supplement.

Additional Preferred Return shall have the meaning set forth in Section 3.4(b).