Cumulative Preferred Return definition

Cumulative Preferred Return means, with respect to a Limited Partner holding Class A LP Units, and at any time of determination, the sum of the Preferred Return earned by such Limited Partner under the terms of the Partnership Agreement prior to the date of such determination;
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Cumulative Preferred Return means, as of any date of determination, an amount equal to the sum of (i) the Preferred return for the period beginning with the first day of the current Fiscal Year and ending on the date of determination and (ii) the Preferred Return for all previous Fiscal Years.
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Cumulative Preferred Return means a sixteen percent (16%) internal rate of return as computed below:
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Examples of Cumulative Preferred Return in a sentence

  • Net Proceeds from Interim Capital Transactions, as defined, generally will be distributed 99% to the Limited Partners and 1% to the General Partner until each Limited Partner has received an amount equal to his unpaid Cumulative Preferred Return and Unrecovered Capital, as defined.

  • Preferred Units will be purchased and sold at a price equal to the Cumulative Preferred Return on the date of Closing plus an amount equal to the unrecovered Capital Contribution for the Preferred Units as reflected on the books and records of the Company.

  • After the guaranty period, all income, losses and cash distributions were to be allocated 100% to the Partnership until it received its Cumulative Preferred Return, as defined, and thereafter 99.5% to the Partnership and .5% to AFP-II.

  • For purposes of determining the amount of future distributions of Cumulative Preferred Return under Section 5.3A, a corresponding reduction shall be made in the amount of any accrued unpaid Cumulative Preferred Return as of the date of redemption.

  • Preferred Units have an absolute preference upon liquidation over Common Units equal to the Cumulative Preferred Return and Capital Contribution to the extent then unrecovered by the Unit Holder.

  • In consideration of the support provided by the City in respect of the Hotel as described in this Agreement, Developer shall pay to the City, on an annual basis commencing following the end of the first full calendar year following the opening of the Hotel, an amount equal to twenty-five percent (25%) of the amount by which Net Operating Income exceeds, on a cumulative basis, sixteen percent (16%) of the then Total Development Cost of the Hotel (the "Cumulative Preferred Return").

  • The owner, Gordon Scott, reports he has had serious problems with broadband since 2008 and needs to do all but the most rudimentary Internet tasks from his house.Scotts’ is served by AT&T through Frontier Communications copper lines.

  • Preferred Return Arrearage" means the cumulative -------------------------------------------- amount, if any, by which Distributions to the General Partners pursuant to Section 4.03A(c) and 4.04(d) and (e) are less than the General Partners' Cumulative Preferred Return computed to such given time.

  • In consideration of the redemption of the Subject Class B Membership Interest, Trinity shall pay to the Trinity Class B Member as consideration for the Subject Class B Membership Interest an amount equal to the sum of all (i) Unrecovered Capital plus (ii) the Cumulative Preferred Return Distribution Amount at the time of redemption, plus (iii) all Trinity Expenses then unpaid.

  • The Trinity Managing Member shall have the right at any time to direct Trinity to redeem the entire Trinity Class B Membership Interest upon 10 Business Days’ prior written notice thereof to the Trinity Class B Member for an amount equal to the sum of all (i) Unrecovered Capital plus (ii) the Cumulative Preferred Return Distribution Amount at the time of redemption, plus (iii) all Trinity Expenses then unpaid.


More Definitions of Cumulative Preferred Return

Cumulative Preferred Return means a return of ten percent (10%) per annum, compounded annually to the extent not distributed pursuant to Section 5.3.A, on the Unreturned Invested Capital of the Partners. The Cumulative Preferred Return shall begin to accrue on the Effective Date; provided, however, that for purposes of computing the Cumulative Preferred Return and the amounts distributable under Section 5.3.A there shall be deemed to be outstanding on the Effective Date $25,380,000 of accrued unpaid Cumulative Preferred Return. In the event that the amount of Unreturned Invested Capital is reduced pursuant to Section 5.8.A as a result of redemption of Units, a corresponding reduction shall be made in the amount of any accrued unpaid Cumulative Preferred Return at the time of the reduction in Unreturned Invested Capital.
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Cumulative Preferred Return shall be equal to an interest rate accruing from the date any Excess Capital Contributions until such amount is actually repaid in full at the lesser of: (i) the prime rate as quoted from time to time in the money rate section of the Xxxx Xxxxxx Journal plus five percent (5%) per annum or (ii) the maximum nonusurious interest rate allowed by law, compounded annually, on the then outstanding balance thereof. The outstanding balance of accrued interest as of January 1 of each year in which an Excess Additional Capital Contribution is outstanding shall be compounded annually by adding the unpaid interest to the then outstanding principal amount of the Excess Additional Capital Contribution plus any previously compounded interest.
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Cumulative Preferred Return means twelve (12%) percent, per annum, on the Outstanding Capital Contribution of the Class A Limited Partner commencing on the date the Class A Limited Partner made its Original Capital Contribution and continuing until the Outstanding Capital Contribution of the Class A Limited Partner equals zero.
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Cumulative Preferred Return means, for each of the Partners, the amount specified on Exhibit "A" attached hereto. The amounts
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Cumulative Preferred Return means, at any time, an amount equal to the aggregate of the Preferred Return for the fiscal year during which such Cumulative Preferred Return is determined and all previous fiscal years, whether distributed in the year accrued or added to Preferred Capital.
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Cumulative Preferred Return means, with respect to the Preferred Members, a twelve percent (12 %) per annum cumulative, non-compounded annual return on a pre-tax basis, calculated on the basis of the Preferred Members’ Adjusted Capital Contribution, commencing on the Date of Admission and the date of any reallocation of any amounts among the Preferred Members and ending on the date upon which the distributions described in Section 7.08(a)(iii) below result in full recovery on the Preferred Members’ Capital Contributions. The Cumulative Preferred Return shall be paid on each Distribution Date; provided, that to the extent the Cumulative Preferred Return (plus any accrued and unpaid amounts from prior periods) shall not be paid on any Distribution Date, the accrued and unpaid amounts thereof shall be paid on the next succeeding Distribution Date on which the Company shall have Net Cash Flow available for such purpose. In the event of an Early Sale of the Company, the Cumulative Preferred Return in respect of the BRS Units which is accrued and remains unpaid as of immediately prior to the effectiveness of the Early Sale of the Company shall be eliminated and waived by BRS provided that the BRS Deemed Preferred Units Capital Contribution is increased as provided in Section 3(a) the BRS Purchase Agreement. In the event of an Early Redemption of any of BRS Preferred Units, the Cumulative Preferred Return in respect of the BRS Units redeemed which is accrued and remains unpaid as of immediately prior to the effectiveness of the Early Redemption of the BRS Preferred Units shall be eliminated and waived by BRS provided that the full amount of the BRS Deemed Preferred Units Capital Contribution, as increased pursuant to Section 3(a) the BRS Purchase Agreement, allocable to the BRS Units redeemed is irrevocably repaid in full to BRS upon the effectiveness of the Early Redemption of the BRS Preferred Units.
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Related to Cumulative Preferred Return

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

  • Cumulative Interest Expense means, in respect of any Restricted Payment, the sum of the aggregate amount of Consolidated Interest Expense of the Issuer and the Restricted Subsidiaries for the period from and after January 1, 2005 to the end of the Issuer’s most recently ended fiscal quarter for which internal financial statements are available and immediately preceding the proposed Restricted Payment.

  • Cumulative Common Unit Arrearage means, with respect to any Common Unit, whenever issued, and as of the end of any Quarter, the excess, if any, of (a) the sum resulting from adding together the Common Unit Arrearage as to an Initial Common Unit for each of the Quarters within the Subordination Period ending on or before the last day of such Quarter over (b) the sum of any distributions theretofore made pursuant to Section 6.4(a)(ii) and the second sentence of Section 6.5 with respect to an Initial Common Unit (including any distributions to be made in respect of the last of such Quarters).

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

  • Cumulative Shared-Loss Amount means the excess, if any, of the Cumulative Loss Amount over the First Loss Tranche.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Cumulative impact means the potential impact on the promotion of the licensing objectives of a significant number of licensed premises concentrated in one area. The cumulative impact of licensed premises on the promotion of the licensing objectives is a proper matter for a licensing authority to consider in developing its licensing policy statement and when determining applications under the Act.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Liquidation Amount means $1,000 per share of Designated Preferred Stock.

  • Cumulative Shared-Loss Payments means (i) the aggregate of all of the payments made or payable to the Assuming Bank under the Shared-Loss Agreements minus (ii) the aggregate of all of the payments made or payable to the Receiver under the Shared-Loss Agreements.

  • Lower Tier Principal Distribution Amount With respect to any calendar month, the sum of (i) the Cash Flow Distribution Amount and (ii) the Lower Tier Accrual Amount, if any.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Cumulative Compounded RFR Rate means, in relation to a Loan (or any part of it) accruing interest at the Compounded Reference Rate, the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15C (Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • Subordinate Principal Distribution Amount With respect to any Distribution Date and each Class of Subordinate Certificates, (a) the sum of (i) the product of (x) the related Subordinate Class Percentage for such Class and (y) the aggregate of the amounts calculated for such Distribution Date under clauses (1), (2) and (3) of Section 4.02(a)(ii)(Y)(A) of this Series Supplement (without giving effect to the Senior Percentage) to the extent not payable to the Senior Certificates; (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Subordinate Certificates then outstanding, of the principal collections described in Section 4.02(a)(ii)(Y)(B)(b) of this Series Supplement (without giving effect to the Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to a Discount Mortgage Loan) to the extent not payable to the Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Subordinate Certificates minus (b) the sum of (i) with respect to the Class of Subordinate Certificates with the Lowest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (ii) the Capitalization Reimbursement Amount for such Distribution Date, other than the related Discount Fraction of any portion of that amount related to each Discount Mortgage Loan, multiplied by a fraction, the numerator of which is the Subordinate Principal Distribution Amount for such Class of Subordinate Certificates, without giving effect to this clause (b)(ii), and the denominator of which is the sum of the principal distribution amounts for all Classes of Certificates other than the Class A-P Certificates, without giving effect to any reductions for the Capitalization Reimbursement Amount.

  • Subordinate Liquidation Amount For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.

  • 10% in Liquidation Amount means, with respect to the Trust Securities, except as provided in the terms of the Capital Securities or by the Trust Indenture Act, Holder(s) of outstanding Trust Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of 10% or more of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.