Preferred Return Capital definition

Preferred Return Capital means, with respect to any Preferred Limited Partner, an amount equal to the product of (i) the number of Preferred LP Interests held by the Preferred Limited Partner times (ii) $1.00.
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Preferred Return Capital means, with respect to any Member on a Distribution Date, the sum of (i) an amount equal to the product of (x) the number of units held by the Member times (y) $1,000, plus (ii) in the case of the Senior Preferred Members, the amount of any Senior Preferred Return, and the case of the Junior Preferred Member, the amount of any Junior Preferred Return, that accrued but was undistributed on a prior Distribution Date, until such accrued but undistributed amount is distributed by the Company to such Member.
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Examples of Preferred Return Capital in a sentence

  • The (x) ratio of the aggregate Xxxx-to-Market Values of the Permitted Assets held by the Company to the aggregate Preferred Return Capital of the Class A Limited Members shall not, as of any given day, be less than 2:1 and (y) the ratio of the Portfolio Values (as determined pursuant to Section 5.9(b)) of the Permitted Assets held by the Company to the aggregate Preferred Return Capital of the Limited Members shall not, as of any given day, be less than 2:1.

  • In the event Class A Limited Membership Interests or Class B Limited Membership Interests are Transferred in accordance with the terms of this Agreement (other than in a Class A Remarketing or a Class B Remarketing), the transferee shall succeed to the Preferred Return Capital of the transferor to the extent it relates to the Transferred Interests.

  • The Preferred Return Capital per Class B Limited Membership Interest being remarketed shall be equal to the amount derived by dividing (x) the then aggregate Preferred Return Capital of the Class B Limited Members with respect to such Series being remarketed, by (y) the number of Class B Limited Membership Interests of such Series then outstanding.

  • By way of example, if Class A Limited Membership Interests with an aggregate Preferred Return Capital of $50 million were converted into Class B Limited Membership Interests at a time when the aggregate Preferred Return Capital of all Class A Limited Membership Interests was $200 million, the percentage of Profits allocated to the Class A Limited Members pursuant to Section 3.1(h) hereof subsequent to the conversion would be reduced from 0.57% to 0.43% (i.e., 0.57% - [0.57 x ($50 million / $200 million]).

  • The Term "Prohibited Transaction" means any transaction set forth in Section 406 of ERISA or Section 4975 of the Internal Revenue Code of 1986, as amended from time to time.

  • The Class A Remarketing Notice shall set forth such information as is necessary to facilitate the Class A Mandatory Remarketing, including, without limitation, the Class A Remarketing Date and the Class A Mandatory Purchase Price and Preferred Return Capital per Class A Limited Membership Interest.

  • The aggregate Preferred Return Capital of the Series B-1 Limited Members as of the first Scheduled Reset Date will be $849,348,230.

  • The aggregate Preferred Return Capital of the Class A Members as of the initial Class A Reset Date is $248,120,718.

  • For the avoidance of doubt, the Class A Mandatory Purchase Price and Preferred Return Capital per Class A Limited Membership Interest being remarketed pursuant to Section 7.2 shall be determined pursuant to (x) in the case of a Class A Mandatory Remarketing, Section 7.1(e)(i), and (y) in the case of a Class A Interim Remarketing, Section 7.1(e)(ii).

  • The Class A Remarketing Notice shall set forth such information as is necessary to facilitate the Class A Mandatory Remarketing, including, without limitation, the Class A Mandatory Purchase Price and Preferred Return Capital per Class A Limited Membership Interest as determined pursuant to Section 7.1(e)(iii) and the applicable formula for determining the Class A Optional Make Whole Amount, if any, applicable to such Class A Limited Membership Interests being remarketed.

Related to Preferred Return Capital

  • Preferred Return has the meaning specified in the Company LLC Agreement.

  • Unreturned Capital means, with respect to any Unit, at any time, an amount equal to the excess, if any, of (i) the aggregate amount of Capital Contributions made with respect to such Unit, over (ii) the aggregate amount of Distributions made by the Company with respect to such Unit pursuant to Section 4.01(a)(ii) prior to such time.

  • Invested Capital means the amount calculated by multiplying the total number of Shares purchased by Stockholders by the issue price at the time of such purchase, reduced by the portion of any Distribution that is attributable to Net Sales Proceeds and by any amounts paid by the Company to repurchase Shares pursuant to the Company’s plan for the repurchase of Shares.

  • Unreturned Capital Contributions means, as to each Member, the aggregate Capital Contributions made to the Company by such Member minus the aggregate distributions of such Capital Contributions made to such Member from the Company pursuant to Sections 3.2(b) and 6.2(a)(ii) hereof.

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Liquidation Amount means $1,000 per share of Designated Preferred Stock.

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Senior Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date, (ii) with respect to any Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the lesser of (x) the Senior Percentage of the applicable Non-PO Percentage of the Stated Principal Balance of such Mortgage Loan and (y) either (A) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the amount of the Liquidation Proceeds allocable to principal received on the Mortgage Loan or (B), if an Excess Loss was sustained with respect to such Liquidated Mortgage Loan during such preceding calendar month, the Senior Percentage of the amount of the Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (iii) the sum of (x) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the amounts described in subclause (f) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date, and (y) the Senior Prepayment Percentage of any Subsequent Recoveries described in clause (ii) of the definition of Non-PO Formula Principal Amount for such Distribution Date; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Senior Principal Distribution Amount will be reduced on the related Distribution Date by the Senior Percentage of the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.

  • Priority Return means a 6% cumulative, non-compounded, pre-tax annual return (based on a 365-day year).

  • Group 1 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 1 Senior Percentage of the Principal Payment Amount for Loan Group 1, (b) the Group 1 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 1 and (c) the Group 1 Senior Liquidation Amount.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), and any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Economic Capital Account Balances has the meaning set forth in Section 5.01(g) hereof.

  • Group 2 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 2 Senior Percentage of the Principal Payment Amount for Loan Group 2, (b) the Group 2 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 2 and (c) the Group 2 Senior Liquidation Amount.

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.

  • Virginia venture capital account means an investment fund that has been certified by the

  • Contributed Capital at any time, the aggregate amount which shall theretofore have been received by the Borrower as a contribution to its capital or as consideration for the issuance of partnership interests in the Borrower; Contributed Capital shall in any event exclude the proceeds of any Specified Affiliate Debt and any Restricted Equity.

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;