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.

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 ▇▇▇▇ ▇▇▇▇▇▇ 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.

Examples of Cumulative Preferred Return in a sentence

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.
All of such funds shall be distributed to the Trinity Class B Member in respect of its Trinity Class B Membership Interest and (i) the Cumulative Preferred Return Distribution Amount shall be reduced by the amount of such distribution and (ii) if the funds distributed are in excess of the Cumulative Preferred Return Distribution Amount, the Unrecovered Capital shall be reduced by such excess.
Net Cash From Operations shall be distributed (i) first to the Partners, proportionate to their respective amounts of their Additional Preferred Capital Preferred Return and Additional Preferred Capital Preferred Return Arrearage; (ii) second to the Partners, proportionate to their respective amounts of their Cumulative Preferred Return; and (iii) then, to the Partners, in the proportion that the number of Units owned by each Partner bears to the total number of all Partnership Units then outstanding.
The sum of (I) the proceeds of any sale pursuant to this Section 5.7(b) and (II) the proceeds of all other Permitted Assets then owned by Trinity shall immediately be used by Trinity to make a distribution to the Trinity Class B Member in an amount equal to the sum of all (x) Unrecovered Capital plus (y) the Cumulative Preferred Return Distribution Amount at the time of distribution, plus (z) all Trinity Expenses then unpaid and that will be incurred in connection with such distribution.
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.

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.

Cumulative Preferred Return means, with respect to each Series A Preferred Unit, an amount accrued on such Series A Preferred Unit’s Unpaid Preference Amount, from the date of the applicable Capital Contributions, at the rate of six percent (6%) per annum.

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.

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.

Cumulative Preferred Return means a sixteen percent (16%) internal rate of return as computed below:

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.

Cumulative Preferred Return means, for each of the Partners, the amount specified on Exhibit "A" attached hereto. The amounts