Preferential Return definition

Preferential Return means the amount of Investor’s aggregate capital contribution to a Project LLC plus 10% per annum, compounded monthly, accruing on the combined amount of such contributions and compound interest that has not been returned to Investor through distributions from the Project LLC.
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Preferential Return means a return of capital declared or payable in respect of a Convertible Preference Share in accordance with clause 8.4.2 or 8.4.3 of this Section.
Sample 1
Preferential Return means the amount of Rockwell’s aggregate capital contribution to the Company plus 10% per annum, compounded monthly, accruing on the combined amount of such contributions and compound interest that has not been returned to Investor through distributions from the Company.
Sample 1

Examples of Preferential Return in a sentence

  • As provided in the LLC Agreement, the distributions to Proinvest would include distributions of twenty-five percent (25%) of distributions after the Investor Members have received distributions equal to the cumulative Preferential Return and all unreturned capital contributions.

  • A Preferential Return Account shall be maintained for each Preferred Unit Holder in accordance with this provision.

  • As provided in the LLC Agreement, the allocation to Proinvest would be an allocation of twenty-five percent (25%) of net income, after Investor Members have received allocations equal to all prior losses, the cumulative Preferential Return, and all unreturned capital contributions.

  • Accrued but unpaid Management Fees for any period shall be deferred without interest and shall be payable in subsequent periods from any funds available to the Owner after payment of all other costs and expenses of the Owner (other than the Preferential Return), including any reserves then determined by Proinvest to no longer be necessary to be retained by the Owner.

  • Each Preferred Unit Holder’s Preferential Return Account, as determined and adjusted pursuant to this Section 3.8, shall be separate and distinct from each Preferred Unit Holder’s Capital Account and will be maintained pursuant to this Section 3.8 solely for the purpose of determining the amount of cash to be distributed to each Preferred Unit Holder and the priority of such distributions pursuant to Section 5.2(b) hereinbelow.

  • There is no guarantee that any distribution will ever be made, that any distribution will be made in any quarter, that the amount of any quarterly distribution will be sufficient to pay the full amount of Preferential Return accruing for that quarter, that the Company will have funds legally available for distribution to Unitholders, or that the Company will have cash available for distribution after allocating for operating expenses, working capital, and prudent reserves.

  • The Preferential Return Account of each Preferred Unit Holder shall consist of an initial balance equal to such Preferred Unit Holder’s Initial Capital Contribution pursuant to Section 3.1 decreased by an amount equal to the aggregate amount of cash distributed to such Preferred Unit Holder pursuant to Section 5.2(b) hereinbelow.

  • The Preferred Unit Holders shall be automatically redeemed when and to the extent that distributions are made by the Company pursuant to Section 5.2(a) and Section 5.2(b) of this Agreement, and the Preferred Units shall no longer be deemed to be outstanding as of the date on which each Preferred Unit Holder’s Preferential Return Account has been reduced to zero and there is no accrued but unpaid Priority Return due to any Preferred Unit Holder.

  • The Company hereby authorizes for issuance 1,475.83 Founder Units, each of which shall represent a Capital Contribution of $1,000 and have a Preferential Return Amount of $1,500.

  • The Preferential Return Account of each Preferred Unit Holder shall consist of an initial balance equal to such Preferred Unit Holder’s Initial Capital Contributions with respect to its Preferred Units decreased by an amount equal to the aggregate amount of cash distributed to such Preferred Unit Holder pursuant to Section 5.2(b) hereinbelow.


More Definitions of Preferential Return

Preferential Return means, in respect of a Member, a cumulative non-compounded return of 7% per annum on (but not of) such Member’s Unrecovered Contributions and Unrecovered Additional Contributions, as applicable.
Sample 1
Preferential Return means, with respect to any Partner and as of the end of any fiscal quarter, an amount (not less than zero) equal to such Partner's Return Base as of the last day of the preceding fiscal quarter multiplied by 0.017059% (the equivalent, with quarterly compounding, of 7% compounded annually). A Partner's 7% Preferential Return for any fiscal period consisting of less than a full fiscal quarter shall be determined through proration on a daily basis by (1) multiplying 0.017059% times a fraction, the numerator of which is the actual number of days in such fiscal period and the denominator of which is the actual number of days in the fiscal quarter that includes such fiscal period; and (2) multiplying the result by such Partner's Return Base as of the end of the preceding fiscal quarter.
Sample 1
Preferential Return means, with respect to each Series A Unit, the amount of Outstanding Capital Contributions of Series A Unit members per each Series A unit plus the amount accruing on such Preferred Unit on a daily basis at Preferred Interest, compounding annually on December 31 of each year on the aggregate Outstanding Capital Contributions with respect to each Series A Unit.
Sample 1
Preferential Return means, for any period, an amount equal to 10% of the Net Asset Value of the Partnership as of the beginning of such period (as calculated pursuant to Section 1.14 hereof) multiplied by the number of days in such period and divided by 365 (366 in the case of a leap year). In the event there is a negative return in any fiscal year of the Partnership, such negative return shall be added to the Preferential Return for the first Valuation Date in the next fiscal year. For this purpose, “negative return” in a fiscal year means the net loss of the Partnership in such year allocated to the Limited Partners pursuant to this Article 3 in respect of Units held by them (and not redeemed) on the last fiscal day of such fiscal year.
Sample 1
Preferential Return means a return of capital declared or payable in respect of a CP Share in accordance with clause 4.2 or 4.3 of this Schedule.
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Related to Preferential Return

  • preferential tariff treatment means the rate of customs duties applicable to an originating good of the exporting Party in accordance with paragraph 1 of Article 16; and

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

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;

  • Price and Preferential Points Assessment means the process described in clause 27.6 of this Part C, as prescribed by the PPPFA.

  • Total Return means the annual compounded rate of return for an investment fund for a period that would equate the initial value to the redeemable value at the end of the period, expressed as a percentage, and determined by applying the following formula:

  • Total Return Swap means an agreement between counterparties in which one party agrees to make payments of the total return from underlying asset(s), which may include securities, baskets of securities, or securities indices during the specified period, in return for payments equal to a fixed or floating rate of interest or the total return from other underlying asset(s).

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

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.

  • Priority Return means a 6% cumulative, non-compounded, pre-tax annual return (based on a 365-day year).

  • Priority Tax Claims means Claims of governmental units of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Undervote means that the elector does not properly designate any choice for an office or ballot question, and the tabulator records no vote for the office or question.

  • Carryforward Interest With respect to any Distribution Date and each Class of Certificates (other than the Class X, Class P and Class R Certificates), the sum of (i) the amount, if any, by which (x) the sum of (A) Current Interest for such Class for the immediately preceding Distribution Date and (B) any unpaid Carryforward Interest for such Class from previous Distribution Dates exceeds (y) the amount distributed in respect of interest on such Class on such immediately preceding Distribution Date, and (ii) interest on such amount for the related Accrual Period at the applicable Certificate Interest Rate. Certificate: Any one of the certificates executed by the Trustee and authenticated by the Certificate Registrar in substantially the forms attached hereto as Exhibit A.

  • Priority Non-Tax Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • State premium tax liability means any liability

  • Scheduled Return Date means the date on which You are originally scheduled to return to the point of origin or the original final destination of Your Trip.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Rental Return Date means the return date listed on the car rental agreement.

  • Tax Claims means any Claim against the Participating CCAA Parties (or any one of them) for any Taxes in respect of any taxation year or period ending on or prior to the applicable Filing Date, and in any case where a taxation year or period commences on or prior to the applicable Filing Date, for any Taxes in respect of or attributable to the portion of the taxation period commencing prior to the applicable Filing Date and up to and including the applicable Filing Date. For greater certainty, a Tax Claim shall include, without limitation, (a) any and all Claims of any Taxing Authority in respect of transfer pricing adjustments and any Canadian or non- resident Tax related thereto, and (b) any Claims against any BL/Wabush Released Party in respect of such Taxes;

  • 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 Profits As to any Distribution Date and any Mortgage Loan that became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, the excess, if any, of (i) Net Liquidation Proceeds in respect of such Liquidated Loan over (ii) the unpaid principal balance of such Liquidated Loan plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs.

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Overvote means that the elector marks or designates more names than there are persons to be elected to an office or designates more than one answer to a ballot question, and the tabulator records no vote for the office or question.

  • MOIC means the multiple of Blackstone’s aggregate invested equity capital in the Company since its initial investment in the Company through the date of determination as determined by the Board based on an analysis provided by the Company’s management. It being understood that the invested capital on the date hereof equals $792 million.

  • Compounded SOFR means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being established by the Administrative Agent in accordance with:

  • Distribution Tariff means the Distribution Tariff prepared by the Company and approved by the Commission on an interim or final basis, as the case may be;