Adjusted Invested Capital definition

Adjusted Invested Capital means Invested Capital, minus, upon the sale of a Property, the lesser of (i) the Sale Proceeds from that Property that are available for distribution or (ii) the sum of (A) the Allocable Invested Capital for that Property and (B) any Cumulative Allocable Invested Capital Shortfall.

Adjusted Invested Capital means the original capital contribution paid for each Unit reduced by the total cash distributed from net proceeds from refinancing and net proceeds from the sale of Properties with respect to each Unit.

Adjusted Invested Capital. (with respect to each Member) means, at any time, the sum of all Capital Contributions made by such Member pursuant to Article III less distributions previously made to that Member pursuant to Section 5.1 (ii).

Examples of Adjusted Invested Capital in a sentence

• For purposes of this Section 5.06(b), in determining whether Adjusted Invested Capital has been returned and a full distribution of the Return has been made to the General Partner and the Limited Partners, generally only amounts distributed pursuant to Section 5.02(b)(i) and Section 5.06(a) will be taken into account.

• The Assignee shall have a Capital Account and shall have Adjusted Invested Capital in the same amount as when its Percentage Interest was held by the assigning Member.

• For purposes of this Section 5.06(b), in determining whether Adjusted Invested Capital has been returned and a full distribution of the Return has been made to the General Partner and the Limited Partners, generally only amounts distributed pursuant to Section 5.02(a)(i), Section 5.02(b)(i), and Section 5.06(a) will be taken into account.

• Moreover, if the amounts payable to the General Partners and their Affiliates pursuant to Paragraphs 9.4.3 and 11.6 exceed 10% of Cash From Sales or Financings, the payment of such excess shall be subordinated to distributions to the Limited Partners of Cash From Sales or Financings equal to their total of Original Invested Capital and a sum equal to 10% per annum cumulative noncompounded on their Adjusted Invested Capital.

• However, payment of this fee shall be deferred each year until the Partnership has distributed to Limited Partners Distributable Cash From Operations for such year which is equal to 10% of their Adjusted Invested Capital, computed annually, on a noncumulative basis, or until the Partnership generates Cash From Sales or Refinancings at which time all previously deferred amounts of the Partnership Management Fee will be paid to the Managing General Partner in full.

More Definitions of Adjusted Invested Capital

Adjusted Invested Capital means the average of the quarter-end balances for each fiscal quarter of the ROIC Performance Period of (a) the sum of (i) the Company’s GAAP total stockholders’ equity and (ii) the Company’s GAAP total short-term and long-term debt; less (b) the Company’s GAAP cash and cash equivalents; but excluding in all cases the impact of (1) any business acquisition by the Company for a purchase price equal to or greater than $250 million and consummated during the ROIC Performance Period, (2) any business sale, divestiture or disposition by the Company during the ROIC Performance Period, and (3) all Company investments in marketable or non-marketable securities that are consummated during the ROIC Performance Period.

Adjusted Invested Capital means, as of any date, the Original Invested Capital attributable to the Units held by any Person on or before such date, as decreased (but not below zero) by the amount which (i) all Distributions from Cash from Operations and Cash from Sales and Refinancing with respect to such Units on or before the date of determination pursuant to any provision of this Agreement exceed (ii) the Priority Distribution attributable to such Units for such period.

Adjusted Invested Capital means the original capital contribution paid for each Unit reduced by any return of capital (defined as a return of cash invested; or cash distributed in excess of funds generated from operations, should this occur) and further reduced by the total cash distributed from net proceeds from financing and net proceeds from the sale of properties with respect to each Unit. Thus, distributions of cash from operations do not reduce "Adjusted Invested Capital."

Adjusted Invested Capital means the average of the quarter-end balances for each fiscal quarter of the ROIC Performance Period of (a) the sum of (i) the Company’s GAAP total stockholders’ equity and (ii) the Company’s GAAP total short-term and long-term debt; less (b) the Company’s GAAP cash and cash equivalents; but excluding in all cases the impact of (1) any business acquisition by the Company for a purchase price equal to or greater than $250 million and consummated during the ROIC Performance Period, (2) any business sale, divestiture or disposition by the Company during the ROIC Performance Period, and (3) all Company investments in marketable or non-marketable securities that are consummated during the ROIC Performance Period. • “Adjusted Net Income” means the Company’s GAAP net income from continuing operations for the ROIC Performance Period, but excluding the Adjustment Items. • “Adjustment Items” with respect to the ROIC Performance Period means (1) unusual or infrequently occurring items in accordance with GAAP; (2) the impact of any change in accounting principles that occurs during the ROIC Performance Period and the cumulative effect thereof, to the extent such change was not considered in establishing target performance levels (the Administrator may either apply the changed accounting principle to the calculation of Adjusted Net Income for the Baseline Year, or exclude the impact of the change in accounting principle from the calculation of Adjusted Net Income for the ROIC Performance Period);

Adjusted Invested Capital means, as of any date, the Original Invested Capital attributable to the Units held by any Person on or before such date, as decreased (but not below zero) by the amount by which (i) all Distributions with respect to such Units on or before the date of determination pursuant to any provision of the Operating Agreement exceed (ii) the Priority Distribution attributable to such Units for such period.

Adjusted Invested Capital means at any time the sum of all Capital Contribution made by a Class A Member, less all distributions made up to the time of reference to such Class A Member pursuant to Section 4.4(b).

Adjusted Invested Capital shall be the Original Invested Capital paid by the original owner of each Unit, reduced by the total of cash distributed from Cash From Sales or Financings and from working capital reserves (to the extent such cash distributed came from Net Proceeds) to such Limited Partner and to all prior or subsequent holders of such Unit.