Preferred Return Account definition

Preferred Return Account means, with respect to each Class A-1 Member, as of any relevant date, the amount equal to (a) that Class A-1 Member’s cumulative Preferred Return Amount, minus (b) the aggregate distributions to that Investor Member pursuant to Section 5.2.

Preferred Return Account means, with respect to each Preferred Unit holder, an amount, from time to time, equal to the amount of Preferred Return payable to such holder less the amount distributed to such holder pursuant to Section 8.1(a) of this LLC Agreement.

Preferred Return Account means, with respect to each Member, a return on equity investment computed like interest at the rate per Fiscal Year equal to eight percent (8%) cumulative and compounded annually (prorated for any partial Fiscal Year), accruing beginning on October 3, 2016, on the unpaid sum of that Member’s Capital Return Account.

Examples of Preferred Return Account in a sentence

• MTB's Call Right may not be exercised until the Preferred Units have been redeemed fully (by payment of the Remaining Liquidation Value for such Preferred Units and any Preferred Return Account balance attributable thereto).

• In connection with the determination of the amount of distributions of Remaining Distributable Cash Flow with respect to the Residual Units in accordance with Section 3.5, Company shall record in its books and records and track the Additional Preferred Return Account.

• The Company shall allocate gross income to the holders of the Preferred Units in an amount equal to the amount of Preferred Return paid in cash during such year and during any prior year (to the extent that gross income had not previously been allocated pursuant to this Section 7.1(a)), including amounts of Preferred Return accrued for prior years and reflected in the Preferred Return Account.

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• Offshore Fund I’s Preferred Return Account and Capital Return Account in TES Holdings II shall be deemed to be equivalent to its Preferred Return Account and Capital Return Account in TES Holdings immediately prior to the redemptions pursuant to Section 2.4(c)(i).

More Definitions of Preferred Return Account

Preferred Return Account means, with respect to each of the Parent REIT and the Subsidiary REIT as of any relevant date after the issuance of the Preferred Units, the excess, if any, of (a) an amount equal to a return computed like interest accruing on a daily basis from and including the date that the Preferred Units are issued hereunder at the rate of twelve and one half percent (12.5%) per annum on the sum of (x) the product of $1,000 and the number of Preferred Units held by each of Parent REIT and the Subsidiary REIT on each day of a relevant period, plus (y) all accumulated, accrued and unpaid distributions thereon, from and including the date hereof over (b) the sum of cumulative distributions made to such entity prior to such relevant date pursuant to Section 4.1(a) (including distributions received by such entity pursuant to Section 4.1(a) by reason of Section 12.2(a)(ii) hereof) and clause (c) of Section 9.3.

Preferred Return Account means with respect to any Member, the excess of (i) that Member's Preferred Return, over (ii) all allocations to that Member pursuant to Section 6.6(c) below.

Preferred Return Account means, an account maintained for each Class A Member equal to, as of any particular date, the excess, if any, of (a) the aggregate Preferred Return of such Class A Member, minus(b) the aggregate amount of Distributions made to such Class A Member prior to such relevant date pursuant to Section 4.1(a) and Section 4.2(b) hereof.

Preferred Return Account means, with respect to each Preferred Interest as of any date of determination, an amount equal to the excess, if any, of (i) the cumulative amount of Preferred Return accrued with respect to such Preferred Interest through such date minus (ii) the sum of (A) the cumulative amount of distributions made with respect to such Preferred Interest pursuant to Section 4.1(a) through such date, (B) the cumulative

Preferred Return Account means a record keeping account to be maintained by the Company for each Member, the initial balance of which shall be equal to zero. The Preferred Return Account of each Member shall be increased from time to time by an amount equal to a ten percent (10%) per annum return, compounded annually, on the balance of such Member’s Contribution Account outstanding from time to time, subject to Section 15.3(e). The balance of each Member’s Preferred Return Account shall be reduced by distributions to such Member pursuant to Section 6.1(b)(i) hereof. Excel Manager 6 LLC shall not have a Preferred Return Account.

Preferred Return Account means for each Member an account maintained for Member to which shall be credited the accrued Preferred Return of such Member and from which shall be debited the amount of any distributions of the Preferred Return to such Member pursuant to Section 5.2.2.A or 5.2.2.B hereof, as well as any distribution of the “Preferred Return” as defined in the Limited Liability Company Agreement of [Leaseco, LLC] dated ___, 2005, made to a Member or its Affiliate by a Lessee.

Preferred Return Account means a memorandum account established and maintained by the Company for each Member which shall be increased on the last day of each calendar quarter by an amount equal to a return in the nature of interest accruing during such calendar quarter on such Member's Weighted Average Invested Capital for such calendar quarter at the Preferred Rate, and reduced by an amount equal to the aggregate amount of distributions received by such Member during such calendar quarter pursuant to Section 5.2(A).