Class A Preference Amount definition

Class A Preference Amount means any amount previously paid by Hertz pursuant to the Series 2005-1 Demand Note and distributed to the Class A Noteholders in respect of amounts owing under the Class A Notes that is recoverable or that has been recovered as a voidable preference by the trustee in a bankruptcy proceeding of Hertz pursuant to the Bankruptcy Code in accordance with a final nonappealable order of a court having competent jurisdiction.

Class A Preference Amount means, beginning on August 1, 2004, for each Fiscal Year of the Partnership, with respect to a Partner, an aggregate amount equal to the product of (i) ten percent (10%) per annum multiplied by (ii) the average weighted daily outstanding balance of such Partner's Undistributed Class A Capital (assuming for this purpose that the Class A Capital Contributions set forth on Exhibit B had been made on August 1, 2004) during such period, which Class A Preference Amount shall be cumulative, compounded annually and prorated for any partial Fiscal Year or Fiscal Year shorter than a calendar year; provided, however, that if the Call Option has not been exercised prior to 30 days from the date of delivery to the Partnership of the Interstate Stock certificates owned by the Partnership then the percentage set forth above in clause (i) shall be twenty percent (20%) and shall be deemed to have been twenty percent (20%) per annum from August 1, 2004. Without regard to the foregoing, the Class A Preference Amount shall not accrue on any portion of the Class A Capital Contribution in excess of each Partner's Original Class A Amount set forth on Exhibit B (the "Preference Amount Limit") prior to January 1, 2005, provided that if the Call Option has not been exercised prior to 30 days from the date of delivery to the Partnership of the Interstate Stock certificates owned by the Partnership, then each Partner's Preference Amount Limit shall be increased as of August 1, 2004 by the November-December Preference Amount as set forth on Exhibit B.

Class A Preference Amount means any amount previously paid by Hertz pursuant to the Series 2005-4 Demand Note and distributed to the Class A Noteholders in respect of amounts owing under the Class A Notes that is recoverable or that has been recovered as a voidable preference by the trustee in a bankruptcy proceeding of Hertz pursuant to the Bankruptcy Code in accordance with a final nonappealable order of a court having competent jurisdiction.

Examples of Class A Preference Amount in a sentence

• Prior to any draw on the Class A Non-Ford Letters of Credit or withdrawal from the Class A Non-Ford Cash Collateral Account pursuant to this Section 3.9(d), the Trustee shall have received a certified copy of the order requiring the return of such Class A Preference Amount.

• Prior to any draw on the Class A Non-Ford Letters of Credit or withdrawal from the Class A Non-Ford Cash Collateral Account pursuant to this Section 2.8(d), the Trustee shall have received a certified copy of the order requiring the return of such Class A Preference Amount.

• Until the payment to the Class A Preferred Member of the Class A Preference Amount, the Class A Preferred Member shall be entitled to veto any action of the Members or the Board of Governors of the Company affecting the rights and preferences applicable of the Class A Preferred Shares.

• The price to be paid for any such Class A Membership Interest shall be equal to the Terminating Member's Unreturned Class A Preference Amount as of the date of dissolution or liquidation.

• So long as the Class A Preference Amount has not been paid in full to the Class A Preferred Member, no change, modification, or amendment of this Agreement which affects the rights or preferences of the Class A Preferred Shares or any other term hereof applicable to the Class A Preferred Member shall be valid unless such change, modification or amendment shall be in writing signed by the Class A Preferred Member.

More Definitions of Class A Preference Amount

Class A Preference Amount means, beginning on the Effective Date, for each Fiscal Year of the Partnership, with respect to a Partner, an aggregate amount equal to fifteen (15%) percent per annum multiplied by the average weighted daily outstanding balance of such Partner's Undistributed Class A Capital during such period, which Class A Preference Amount shall be cumulative, compounded annually and prorated for any partial Fiscal Year or Fiscal Year shorter than a calendar year.

Class A Preference Amount. Any amount previously paid in respect of the Class A Certificates that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C. §§101 et seq.), as amended from time to time in accordance with a final, nonappealable order of a court having competent jurisdiction.

Class A Preference Amount means, with respect to each Class A Unit held by a Class A Limited Partner, an amount equal to an annual pre-tax return of 8%, compounded quarterly, on all Unreturned Capital Contributions made by such Class A Limited Partner with respect to such Class A Unit. For the sake of clarity, the Class A Preference Amount shall be calculated with respect to a given Capital Contribution starting on the later to occur of (i) the date of contribution and (ii) the Effective Date, and shall be applied (and compounded) to the sum of (a) the portion of such Capital Contribution not, as of the time of calculation, repaid to such Class A Limited Partner and (b) any Class A Preference Amount accrued and not, as of the time of calculation, distributed to such Class A Limited Partner until the amount of such Capital Contribution has been returned to such Class A Limited Partner in its entirety and all such accrued Class A Preference Amount has been distributed to such Class A Limited Partner in its entirety.

Class A Preference Amount means, with respect to each outstanding Class A Common Unit, the aggregate Unreturned Capital with respect to such Class A Common Unit, as set forth on the Class A Preference Amount Schedule.

Class A Preference Amount means an amount equal to the sum of (i) the unpaid Class A Tier One Priority Distributions and (ii) to the extent not theretofore returned to the Class A Member, the Class A Tier Two Priority Amount.

Class A Preference Amount means an amount equal $54,971,437.70 less the Chairman Stipulated Incentive.

Class A Preference Amount means the Class A Initial Preference Amount and any additional Capital Contribution pursuant to Section 5.3.1 for which Class A Units are issued.