Minimum Preferred Return definition

Minimum Preferred Return of a Member for a Fiscal Year means an amount equal to ten percent (10.0%) per annum on the Member’s Capital Contribution Balances for the various parts of the Fiscal Year on the basis of a three hundred sixty-five (365) day year, taking into account the actual number of days elapsed, prorated for any partial Fiscal Year based upon the number of days in that Fiscal Year. For example, if Condor Member’s Capital Contribution Balances for a Fiscal Year were $6,000,000.00 for the first 300 days of the Fiscal Year and $6,500,000 for the last 65 days of the Fiscal Year, the Condor Member’s Minimum Preferred Return for the Fiscal Year would be 10% of $6,000,000.00=$600,000.00 multiplied by 300/365=$493,150.68, plus 10% of $6,500,000.00= $650,000.00 multiplied by 65/365=$115,753.42, or a total of $608,904.10.
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Minimum Preferred Return means $30,000,000 less one-half of the Total Escrow Deposit.
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Minimum Preferred Return of a Member for a Fiscal Year means an amount equal to ten percent (10.0%) per annum on the Member’s Capital Contribution Balances for the various parts of the Fiscal Year on the basis of a three hundred sixty-five (365) day year, taking into account the actual
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Examples of Minimum Preferred Return in a sentence

  • If the Available Cash for a Fiscal Year is insufficient to pay any part of a Member’s Minimum Preferred Return for that Fiscal Year, the unpaid amount shall not thereafter be payable and shall not be carried forward or accumulated for payment from Available Cash in any subsequent Fiscal Year.

  • The distributions paid on the Member Loan shall nonetheless be considered distributions to the Declining Member for all purposes under this Agreement, including but not limited to determination of the Declining Member’s Capital Contribution Balance and whether the Declining Member has received it Minimum Preferred Return.

  • The shares of Series A Preferred to be redeemed on a Redemption Date shall be redeemed by paying for each share in cash an amount equal to the Minimum Preferred Return on such Redemption Date, such amount being referred to herein as the "Preferred Redemption Price." Such payment shall be made by the Corporation in full, from funds legally available therefor, on such Redemption Date to the holder entitled thereto.


More Definitions of Minimum Preferred Return

Minimum Preferred Return means a Ckrush's aggregate Capital Contributions to the Company, plus twenty percent (20%) of Ckrush's aggregate Capital Contributions to the Company, plus the aggregate amount of Net Loss allocated to Ckrush.
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Related to Minimum Preferred Return

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

  • Initial Dividend Threshold shall have the meaning specified in Section 14.04(d).

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • Senior Non Preferred Liabilities means any unsubordinated and unsecured senior non preferred obligations (créditos ordinarios no preferentes) of Banco Santander under Additional Provision 14.2º of Law 11/2015 (including any Notes) and any other obligations which, by law and/or by their terms, and to the extent permitted by Spanish law, rank pari passu with the Senior Non Preferred Liabilities.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Combined Return means any Tax Return (other than for Federal Income Taxes) filed on a consolidated, combined (including nexus combination, worldwide combination, domestic combination, line of business combination or any other form of combination), unitary or Group Relief basis that includes activities of members of the ESG Group or the KBR Group, or both, as the case may be.

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

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Total Stockholder Return means the total return (change in share price plus reinvestment of any dividends) of a Share.

  • Relative Total Shareholder Return means for the Incentive Period the Total Shareholder Return of the Company compared to the Total Shareholder Return of the Peer Group, as more particularly set forth on attached Exhibit C.

  • 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 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).

  • Total Shareholder Return means the total return (change in share price plus reinvestment of any dividends) of a Share.

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

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

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Percentage means 3% of the number of outstanding shares of common stock of the Corporation as provided in the most recent 1934 Act filing made by the Corporation with the SEC immediately prior to the submission of the Nomination Notice.

  • Company Returns is defined in Section 3.15(a) of the Agreement.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

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

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Combined Debt Amount means, as of any date, (i) the aggregate Commitments as of such date (or, if greater, the Revolving Credit Exposures of all Lenders as of such date) plus (ii) the aggregate amount of outstanding Designated Indebtedness (as such term is defined in the Guarantee and Security Agreement) and, without duplication, the aggregate amount of unused commitments under any Designated Indebtedness (as such term is defined in the Guarantee and Security Agreement).