Preferred Distribution definition

Preferred Distribution has the meaning set forth in Section 3.4(e) of this Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Preferred Distribution means, with respect to any Preferred Unit of a particular class, an amount per Unit equal to the amount established for such class of Preferred Units.

Preferred Distribution means, in respect of each series of Preferred Units, the amount determined by multiplying the Preferred Unit Rate of Return for such series of Preferred Units by, if the Preferred Unit Rate of Return is a percentage, the aggregate Preferred Unit Subscription Prices of the then issued and outstanding Preferred Units of such series and, if the Preferred Unit Rate of Return is an amount, the number of then issued and outstanding Preferred Units of such series, and then multiplying the result by the Preferred Distribution Ratio;

Examples of Preferred Distribution in a sentence

• Any Preferred Distribution payable on the Class A Preferred Units, including distributions payable for any partial Distribution Period, will be computed on the basis of a 360-day year consisting of twelve 30-day months.

• After the Initial Preferred Distribution has been made, the holders of Series B Preferred Stock shall be entitled to share pro rata with the holders of Common Stock in the distribution of any remaining assets of the Corporation on the basis of each whole outstanding share of the Series B Preferred Stock receiving an amount equal to the Formula Number then in effect times such distribution on each share of the Common Stock.

• After the Initial Preferred Distribution has been made, the holders of Series C Preferred Stock shall be entitled to share pro rata with the holders of Common Stock in the distribution of any remaining assets of the Corporation on the basis of each whole outstanding share of the Series C Preferred Stock receiving an amount equal to the Formula Number then in effect times such distribution on each share of the Common Stock.

• All payments made pursuant to this Section 4.2 shall be applied first to any Arrearage and then to the Accrued Preferred Distribution.

• The guaranteed payment with respect to any Series A Preferred Distribution Period shall be for the account of the holders of Series A Preferred Units as of the applicable Series A Preferred Distribution Record Date.

More Definitions of Preferred Distribution

Preferred Distribution means a semi-annual distribution to the Class A Member (pro rated for periods of less than a full Semi-Annual Period) of an amount equal to one-half of 2.0% of the paid-in Investor Initial Funding Date Contributions and Investor True Up Funding Contributions beginning at the end of the first Semi-Annual Period after the Effective Date and ending at the Class A Flip Point. For the avoidance of doubt, the amount of the paid-in Investor Initial Funding Date Contributions and Investor True Up Funding Contributions shall not include Transaction Expenses paid by the Investor pursuant to Section 2.2(a) and 2.5(a) of the Equity Capital Contribution Agreement.

Preferred Distribution means an amount equal to the quarterly dividend payable in respect of one share of Preferred Stock of the General Partner pursuant to Section 4.3.1(a) of the General Partner's Articles of Incorporation.

Preferred Distribution means an annual rate of return to be determined by the Manager(s),cumulative but not compounded (prorated for any partial year), of the aggregate Adjusted Capital Contribution of each of the Members, from time to time, commencing on the first date each such Interest is issued and outstanding.

Preferred Distribution means an amount equal to 6% per annum of the Preferred Value, calculated on a cumulative basis for each calendar quarter during a calendar year (i.e., from the first day of the year) through the end of the calendar quarter for which the Preferred Distribution is being determined).

Preferred Distribution has the meaning set forth in Section 4.2 hereof.

Preferred Distribution shall have the meaning set forth in Section 9.2(i)(i).

Preferred Distribution means an amount equal to the amount of distributions received by KREF from distributions from the TRS in respect of amounts received by the TRS with respect to TRS Owned Manager Units, less a sufficient reserve to pay any taxes incurred by KREF or any of its subsidiaries (including TRS) with respect to such amount and less any amounts required to be withheld by KREF in respect of the payment of the Preferred Distribution under United States federal tax law or any other applicable state, local or foreign tax law.