Preferred Redemption Bonus Payment definition
Preferred Redemption Bonus Payment means, as of any date, the quotient of (i) the excess, if any, of (x) the product of (A) the Aggregate Bonus Pool times (B) 80% times (C) the Redemption Percentage, over (y) the aggregate Preferred Redemption Bonus Payments previously paid under this Plan, divided by (ii) the number of Units then outstanding.