Class D Preferred Return definition

Class D Preferred Return means, with respect to each Class D Preferred Unit, an amount accruing with respect to such Class D Preferred Unit at the rate of eight percent (8%) per year on the sum of (i) the Unreturned Class D Preferred Capital of such Class D Preferred Unit and (ii) the Unpaid Class D Preferred Return thereon. For clarity, in calculating the Class D Preferred Return with respect to any Class D Preferred Unit for purposes of distributions, the Class D Preferred Return shall include amounts accrued and unpaid through the date of such distribution.

Class D Preferred Return means, with respect to each Unitholder of Class D Units as of any date, the excess of (x) a return of 10% compounded annually on the Unreturned Class D Capital outstanding from time to time of such Unitholder over (y) the aggregate amount of all distributions made to such Unitholder pursuant to or in accordance with Section 4.4(a)(ii).

Class D Preferred Return means a cumulative, non-compounded preferred return of 5% per annum on the Unreturned Capital Contributions of a Class D Member, determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the Class D Preferred Return is being determined, cumulative to the extent not distributed in any period pursuant to Section 6.2(a)(i) or Section 6.2(b)(i) of the average daily balance of the Unreturned Capital Contributions of a Class D Member, from time to time, during the period to which the Class D Preferred Return relates, commencing on the later of (i) the day on which the Class D Member first makes a Capital Contribution; and (ii) the date of this Agreement. Closing - with respect to any Member, the sale to and the subscription for and purchase by, such Member of its Interest and its admission as a Member, pursuant to its Subscription Agreement or pursuant to some other form of exchange agreement approved by the Manager in its sole discretion. Code - the Internal Revenue Code of 1986, as the same may be hereafter amended from time to time. Company - as defined in the introduction to this Agreement. Company Expenses - as defined in Section 8.1. Confidential Matter - as defined in Section 15.14. Damages - any and all damages, disbursements, suits, claims, liabilities, obligations, judgments, fines, penalties, charges, amounts paid in settlement, expenses, costs and expenses (including, without limitation, attorneys’ fees and expenses) arising out of or related to litigation and interest on any of the foregoing. Defaulting Party - as defined in Section 15.20(a). Disabling Event - as defined in Section 13.2(a). Disposition - the sale, exchange, refinance, redemption, assignment, transfer, repayment, repurchase or other disposition by the Company of all or any portion of an Investment for cash or for marketable securities that can be distributed to the Members pursuant to Section 6.2, and the term shall also include (a) a distribution in kind to the Members of all or any portion of an Investment and (b) a write down of an Investment or determination that an Investment is worthless in accordance with the Code. Distributable Cash - the excess of the sum of all cash receipts of all kinds (other than Capital Contributions) over cash disbursements (or reserves therefor) for Company Expenses. DOL Regulations - regulation of the United States Department of Labor included within 29 CFR section 2510.3...

Examples of Class D Preferred Return in a sentence

• The Partners acknowledge and agree that the Class B Preferred Return and the Class D Preferred Return has been, and will continue to be, compounded monthly and that the return shall accrue on the sum of the Class B Amount or the Class D Amount, as the case may be, and the previously accrued Class B Preferred Return or Class D Preferred Return, as the case may be.

• In addition to the Class D Preferred Return, the Limited Partners receiving a Class D Interest shall also receive a collective Percentage Interest in the Partnership of one percent (1%), which Percentage Interest shall be allocated among the Limited Partners holding a Class D Interest in proportion to the amount of their respective Class D Capital Contributions.

• Distributions of Net Operating Cash Flow under Section 5.1 of the Partnership Agreement is amended such that the first amount distributed shall be to pay the Class D Preferred Return.

• The holders of the Class D Preferred Units shall be entitled to receive the Class D Preferred Return pursuant to the provisions of this Agreement, including, without limitation, Sections 8.3, 11.2, and 15.2.

More Definitions of Class D Preferred Return

Class D Preferred Return means, with respect to all Class D Limited Partnership Interests, a cumulative and annually compounded return equal to 3.50% per annum on the Class D Capital Contributions of each respective Class D Limited Partner calculated from the date on which the respective Capital Contribution was received and accepted by the Partnership until the date that such Class D Capital Contribution is returned to the Class D Limited Partner or the date of determination of the Class D Preferred Return, as applicable.

Class D Preferred Return means, with respect to any Class D Preferred Unit, an amount equal to a twenty four percent per annum return on the Unreturned Class D Capital balance attributable to such Class D Preferred Unit, compounded annually to the extent not distributed annually.

Class D Preferred Return means, with respect to any Class D Preferred Member, a cumulative preferred return of 20% per annum, compounded annually as described below, on the Unrecovered Capital of such Class D Preferred Member with respect to its Class D Preferred Units, calculated on the basis of a 360-day year, consisting of twelve 30-day months, which shall accrue on a daily basis, from the date of each Capital Contribution, whether or not distributed by the Company and whether or not the Company has any earnings or profits. To the extent any amount of accrued Class D Preferred Return is not paid in cash on a current basis pursuant to Section 6.1.4 such accrued amount of Class D Preferred Return shall compound on an annual basis on December 31 of each year.

Class D Preferred Return means, with respect to any Partner, an annual rate of return equal to seven percent (7.0%).

Class D Preferred Return means, with respect to any Partner a return equal to the following for the applicable Fiscal Year (or portion thereof):