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.30 The Class B EARs have a financial right to consideration upon a Change in Control.