Class A Unpaid Yield definition

Class A Unpaid Yield of any Class A Preferred Unit means, as of any date, an amount equal to the excess, if any, of (a) the aggregate Class A Yield accrued on such Class A Preferred Unit for all periods prior to such date (including partial periods), over (b) the aggregate amount of prior Distributions made by the LLC that constitute payment of Class A Yield on such Class A Preferred Unit.

Class A Unpaid Yield means, with respect to each outstanding Class A Unit, as of any date, an amount equal to the excess, if any, of (a) the aggregate Class A Yield accrued on such Class A Unit for all periods prior to such date less (b) the aggregate amount of prior Distributions made by the Company on such Class A Unit pursuant to Section 8.1(a).

Class A Unpaid Yield of any Class A Unit means, as of any date, an amount equal to (i) the aggregate Class A Yield accrued on such Class A Unit for all periods prior to such date (including partial periods), minus (ii) the aggregate amount of prior Distributions made by Intermediate LLC that constitute payment of Class A Yield on such Class A Unit pursuant to Section 4.1(a)(i);

Examples of Class A Unpaid Yield in a sentence

• Subject to a participation threshold, if any, each holder of Class B PIUs is entitled to its pro rata share of proceeds from a Change in Control of Adenza Parent after satisfaction of all liabilities and payment to the holders of Class A Units of the Class A Unreturned Capital and Class A Unpaid Yield, each as defined in the Second Amended and Restated Limited Partnership Agreement of Adenza Parent.

• The LLC shall be required to redeem all Class A Preferred Units with respect to which such redemption requests have been made at a price per Class A Preferred Unit equal to the sum of the Class A Unpaid Yield plus the Class A Unreturned Capital with respect to such Unit within 20 days after receipt of the initial redemption request.

• So long as any Class A Preferred Units remain outstanding, the LLC shall distribute, at least annually and at any other time the LLC makes a Distribution under Section 4.1(b) or Section 4.1(e) to the Unitholders holding Class A Preferred Units, the Class A Unpaid Yield on such Class A Preferred Units, payable, at the option of the LLC, in cash or additional Class A Preferred Units (valued at the Stated Value).

• No Distribution or any portion thereof may be made pursuant to Section 4.1(b) below without the entire amount of the Class A Unpaid Yield on the outstanding Class A Preferred Units as of the time of such Distribution has been paid in full.

• The LLC may not redeem any Class A Preferred Units, other than pursuant to the Purchase Agreement, unless the aggregate Class A Unpaid Yield accrued on the outstanding Class A Preferred Units as of the Redemption Date has been declared and paid in full.

• Upon any such redemption, the LLC shall pay a price per Unit equal to the Class A Unreturned Stated Value plus the Class A Unpaid Yield of such Unit as of the Redemption Date (the "Liquidation Value").

• Unless otherwise determined by the Board or the Required Interest, each Class A Unit shall automatically and without any further action be deemed to be cancelled immediately following the Distribution which results in, immediately following such Distribution, the payment by the Company of cumulative Distributions which cause the aggregate Class A Unpaid Yield on such Unitholder’s Class A Units to equal zero and the aggregate Class A Unreturned Capital on such Unitholders’ Class A Units to equal zero.

• The Initial Limited Partners and the General Partner acknowledge that they are receiving Common Units and cash distributions in satisfaction of their Class A Unpaid Yield and Liquidation Amount (each as defined in the limited partnership agreement of MainLine, as it existed prior to the date hereof) and consent to any deviation from the provisions of Section 3.1 of the limited partnership agreement of MainLine, as it existed prior to the date hereof, provided herein.

• Often, as noted above, the philanthropist applies funding not only to government entities or public–private partnerships like Achieve, Inc., but also funds advocacy groups and interested organizations as a means of shaping the public and political discourse around the policy change.

• Subject to a participation threshold, if any, each holder of Class B PIUs is entitled to its pro rata share of proceeds from a Change in Control of Adenza Parent after satisfaction of all liabilities and payment to the holders of Class A Units of the Class A Unreturned Capital and Class A Unpaid Yield, each as defined in the Second Amended and Restated Limited Partnership Agreement of Adenza Parent.30 The Class B EARs have a financial right to consideration upon a Change in Control.