Preferred Distribution Amount means the amount equal to the sum of the amounts necessary to satisfy Distribution level 1, Distribution level 2 and Distribution level 3(a) described in Annex A-1 Section 4(a) only (Asset Sale Scenario) of Exhibit C of the Certificates of Designations.
Preferred Distribution Amount means the sum of (a) $1000 per Preferred Unit (the "Per Unit Preferred Capital Contribution"), plus (b) dividends on the unpaid Per Unit Preferred Capital Contribution from the date made as set forth on Schedule A hereto at the rate of 22.5% per annum, increasing by 2.5% every six months, up to a maximum rate of 35% (the "Priority Return").
Preferred Distribution Amount means, for any quarter or other period with respect to which a Company Share dividend is paid and a distribution is required to be made pursuant to Section 5.02(a)(1), an amount equal to such amount that if it were the sole amount distributed on a Preferred Unit pursuant to Section 5.02(a)(1) for such quarter or other period would provide the Preferred Unitholder with a distribution on such Preferred Unit equal to 103% of the corresponding Company Share dividend to be paid for such quarter or other period. Notwithstanding the foregoing, the aggregate Preferred Distribution Amount with respect to any Preferred Unitholder shall not exceed the Preferred Unitholder's Capital Account balance (after reducing such balance to reflect the items described in Regulations section 1.704-1(b)(ii)(2)(d)(4), (5) and (6) and after increasing such Capital Account balance to reflect such Preferred Unitholder's shares of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain), determined as of the date of the relevant distribution.
Examples of Preferred Distribution Amount in a sentence
Therefore, as used throughout this Agreement, the phrase “the purchase price determined pursuant to Article 11” when used in connection with a Membership Interest shall be equal to the Member’s Unreturned Capital Contribution plus the Member’s Unreturned Preferred Distribution Amount.
Specifically, the internal audit function may not defer ultimate judgment on audit matters to others, and shall appoint an individual to head the internal audit function who will have direct and unrestricted access to the board of directors.
More Definitions of Preferred Distribution Amount
Preferred Distribution Amount means, for any calendar quarter, an amount equal to (A) the greater of (i) the Preferred Distribution and (ii) an amount equal to (x) the Preferred Percentage times (y) the excess of Cumulative Distribution Amount over all distributions made pursuant to Section 7.1(b)(ii)(A) of this Agreement in the current calendar year, less (B) all distributions theretofore made pursuant to Section 7.1(b)(ii)(B) of this Agreement with respect to the then current calendar year. For illustrative purposes, an example of the manner in which the Preferred Distribution Amount is calculated under various hypothetical assumptions is set forth in Schedule 7.1.
Preferred Distribution Amount means, in any particular month, 1/12th of $0.25 with respect to each Preferred Share;
Preferred Distribution Amount means, in any particular month, 1/12th of $0.25 with respect to each Preferred Share.
Preferred Distribution Amount means $10,334,000 less the aggregate Distributions made by the Corporation that constitute Distributions of the Preferred Distribution Amount.
Preferred Distribution Amount. With respect to each Partner other than BPOW, the amount that would have been distributed to such Partner on each occasion in which BPOW elects to receive an Additional Mandatory Distribution had such Partner been entitled to make and did make the same (in terms of percentage of Net Income) election to receive an Additional Mandatory Distribution, but without regard to the limitation of the then Cash Available for Distribution.
Preferred Distribution Amount has the meaning set forth in the LLC Agreement.
Preferred Distribution Amount has the meaning specified in Section 6.02(a).