Class B Common Partnership Unit Return means, as to each Class B Common Partnership Unit that has not yet then been converted into Common Partnership Units: (i) for the period commencing on July 13, 2006 and ending on September 30, 2006 (the “Initial Period”), a cash distribution equal to $0.16606414; (ii) for the three-year period commencing on October 1, 2006 and ending on the third anniversary of such date, a cumulative quarterly cash distribution equal to $0.19097376; and (iii) thereafter, a cumulative quarterly cash distribution equal to $0.20163144.
Class B Common Partnership Unit Return means, as to each Class B Common Partnership Unit that has not yet then been redeemed by the Partnership: (i) for the period commencing on the Closing Date and ending on the last day of the calendar quarter in which the Closing Date shall occur (the “Initial Period”), a cash distribution equal to $771,344.34, divided by the number of days in such calendar quarter, times the number of days in the Initial Period, divided by the number of Units issued to Contributor on the Closing Date, (ii) for the three-year period commencing on first day of the calendar quarter following the Initial Period and ending on the third anniversary of such date, a cumulative quarterly cash distribution equal to $771,344.34 divided by the number of Units issued to Contributor on the Closing Date and (iii) thereafter, a cumulative quarterly cash distribution equal to $814,390.78 divided by the number of Units issued to Contributor on the Closing Date. The foregoing amounts designated for the Class B Common Partnership Unit Return are based on the assumption that the full amount of the Net Contribution Value shall be paid in the form of Units pursuant to Section 2.2(b) of this Agreement. Therefore, in the event any portion of the Net Contribution Value is paid in the form of cash pursuant to Section 2.2(b)(i) of this Agreement, the foregoing amounts designated for the Class B Common Partnership Unit Return shall be reduced proportionately by the proportion to which the Net Contribution Value as reduced by such cash payment bears to the full amount of the Net Contribution Value. As an example, for illustrative purposes only, if the Net Contribution Value is $50 million and the amount of cash paid pursuant to Section 2.2(b)(i) is $5 million, the amount of Net Contribution Value to be paid in the form of Units thus becomes $45 million, and the resulting Class B Common Partnership Unit Return shall be equal to 90% of the amounts stated above for the Class B Common Partnership Unit Return (45 / 50 = 90%).
Class B Common Partnership Unit Return means, as to each Class B Common Partnership Unit that has not yet then been redeemed by the Partnership: (i) for the period commencing on the date of this Amendment and ending on the last day of the calendar quarter in which the date of this Amendment shall occur (the “Initial Period”), a cash distribution equal to $ , divided by the number of days in such calendar quarter, times the number of days in the Initial Period, divided by the number of Class B Common Partnership Units issued on the date of this Amendment, (ii) for the three-year period commencing on first day of the calendar quarter following the Initial Period and ending on the third anniversary of such date, a cumulative quarterly cash distribution equal to $ divided by the number of Class B Common Partnership Units issued on the date of this Amendment, and (iii) thereafter, a cumulative quarterly cash distribution equal to $ divided by the number of Class B Common Partnership Units issued on the date of this Amendment.