Class B Return definition

Class B Return as of any date of determination means the quotient of (a) the Aggregate Net Proceeds received by the CCMP Investors with respect to shares of Class B Common Stock (or shares of Class A Common Stock into which shares of Class B Common Stock are converted) through such date, divided by (b) the CCMP Investment; provided, however, that solely with respect to an IPO (and solely on the IPO Date), the “Class B Return” shall equal the quotient of (i) sum of (A) the Aggregate Net Proceeds received by the CCMP Investors with respect to shares of Class B Common Stock prior to the IPO plus (B) the product of (x) price per share at which shares of the Class A Common Stock are initially sold by the underwriters in connection with the IPO and (y) the number of shares of Class A Common Stock into which shares of Class B Common Stock held by the CCMP Investors are converted, divided by (ii) the CCMP Investment.
View Source
Class B Return shall equal the quotient of (i) sum of (A) the Aggregate Net Proceeds received by the CCMP Investors with respect to shares of Class B Common Stock prior to the IPO plus (B) the product of (x) price per share at which shares of the Class A Common Stock are initially sold by the underwriters in connection with the IPO and (y) the number of shares of Class A Common Stock into which shares of Class B Common Stock held by the CCMP Investors are converted, divided by (ii) the CCMP Investment.
View Source
Class B Return means an amount equal to ten percent (10%) per annum, compounded annually determined on the basis of a 360 day year, accruing to the extent not paid pursuant to Sections 4.01, 4.02, 8.02 or 9.03 herein, of the average daily balance of Class B Unreturned Capital during the period commencing on the Closing Date and ending on the date of any calculation.
View Source

Examples of Class B Return in a sentence

  • In the event that, upon the occurrence of a Change of Control (and provided that Executive is employed with the Company or one of its Subsidiaries on the applicable Change of Control Date), the Class B Return is equal to or greater than 2, 100% of the Performance Vesting Shares shall vest on the Change of Control Date.

  • In the event that, upon the occurrence of a Change of Control (and provided that the Executive is employed with the Company or one of its Subsidiaries on the applicable Change of Control Date), the Class B Return is equal to or greater than 2, 100% of the Performance Vesting Shares shall vest on the Change of Control Date.

  • Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest if such distribution would violate the Act or other applicable law or, in the case of a distribution with respect to the Class B Interest, violate Section 8.02(b) or exceed the Class B Unreturned Capital plus any unpaid Class B Return.

  • If (a) a Bankruptcy occurs as to the Company and (b) an exchange described in Section 8.03 has not occurred, no other Member of the Company shall be entitled to receive any distributions under this Agreement until the Class B Member has received a distribution of (i) the Class B Unreturned Capital and (ii) any unpaid Class B Return.

  • The purpose of this clause the protection of the work of the bargaining unit employees and not the broadening of that work to other areas.

  • The purchase price for such Interests and Units shall be equal to the sum of (i) Calton, Inc.'s Undistributed Class ▇ ▇▇▇urn, (ii) Calton, Inc.'s Class A Invested Ca▇▇▇▇▇, (iii) Calton, Inc.'s U▇▇▇▇▇▇ibuted Class B Return, (iv) Calton, Inc.'s Class ▇ Invested Capital and (v) the appraised value of the Units held by Calton, Inc., as determined throug▇ ▇▇▇ appraisal procedure set forth in Section 6.5 of the Operating Agreement.

  • For the purposes hereof, the Class B Interest shall be redeemed in full at such time as the Class B Member has received cash redemption payments equal, in the aggregate, to the sum of (i) Class B Unreturned Capital and (ii) the aggregate Class B Return that has not been added to Class B Unreturned Capital, calculated through and including the date of such redemption in full.

  • Redemption payments shall be applied first to the payment of accrued Class B Return that has not been paid or added to Class B Unreturned Capital, and then to payment of Class B Unreturned Capital.

  • If the Change of Control Date or IPO Date is on or prior to and the Class B Return is equal to or greater than , one hundred percent (100%) of the Performance Vesting Shares shall vest on the Change of Control Date or IPO Date, as applicable.


More Definitions of Class B Return

Class B Return means, for any dividend or distribution required to be shared with the holders of Class B Common Stock in accordance with Section 3 or Section 4, an amount equal to the difference between (i) product of (A) the Class B Return Percentage, taking into account such dividend or distribution to be shared as if such dividend or distribution has been made, multiplied by (B) the difference between (1) the sum of (x) the Total Prior Distributions and (y) such dividend or distribution to be shared among the Initial Stockholders and the holders
View Source
Class B Return as of any date of determination means the ratio, the numerator of which is the cumulative value of the aggregate cash proceeds received by the JPMP Investors with respect to shares of Class B Common Stock through such date, and the denominator of which is the JPMP Investment; provided, however, that in the event of an IPO, the numerator of the ratio shall be determined to equal the sum of (A) the cumulative value of the aggregate cash proceeds received by the JPMP Investors with respect to shares of Class B Common Stock prior to the IPO and (B) the product of (x) the per share mid-point of the valuation range provided by the underwriters and (y) the number of Shares held by the JPMP Investors.
View Source
Class B Return means, as to any holder of Class B Common Units, the amount of distributions such Partner would have received for the quarter (or other distribution period) from REIT Shares if such Partner owned the number of REIT Shares equal to the product of such Partner’s Class B Common Units and the Conversion Factor on the Partnership Record Date pertaining to such quarter (or other distribution period).
View Source
Class B Return means an amount equal to the lesser of (a) the Prime Rate plus one percent (1%) per annum or (b) ten percent (10%) per annum, calculated on a calendar year basis, for the actual number of days for which the Class B Return is being determined, of the Class B Invested Capital of each of the Members, cumulative but not compounded, commencing on the date that the Member's Capital Contribution pursuant to Section 2 of this Amendment was made.
View Source

Related to Class B Return

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Preferred Return has the meaning specified in the Company LLC Agreement.

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class B Interest Accrual Amount With respect to any Distribution Date, the sum of the Interest Accrual Amounts for the Classes of Class B Certificates with respect to such Distribution Date.

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).