KM Cumulative Return definition
KM Cumulative Return means an amount equal to 17.5% per annum on the varying balance of the Unrecovered KM Investment during the period to which the KM Cumulative Return relates. The calculation of the KM Cumulative Return commences on the Effective Date, with respect to Kinder Morgan’s Initial Capital Contribution, and on the date of contribution, with respect to any other Capital Contributions made by ▇▇▇▇▇▇ ▇▇▇▇▇▇ pursuant to this Agreement. The calculation of the KM Cumulative Return ends on the date distributions, if any, are made pursuant to Section 10.2(e)(ii) hereof. The KM Cumulative Return shall be determined on the basis of a computation year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the KM Cumulative Return is being determined. The KM Cumulative Return is cumulative and shall be compounded quarterly on the first day of each Quarter.