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

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

The 55,850,951 issued and outstanding Preferred Units shall share equally in the Preferred Distribution and each Preferred Unit shall be entitled to receive $13.7782 (the “Preferred Unit Amount”) in redemption and complete satisfaction of all amounts to which each Preferred Unit is entitled under this Section 3.4(e).

More Definitions of Preferred Distribution

Preferred Distribution shall have the meaning given it in Section 6.2(a)(i) hereof;

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 [***] 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 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 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 has the meaning set forth in Section 4.2 hereof.

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.