Preferred Return Rate definition

Preferred Return Rate means preferred return rate of each Series as specified in each Series Designation.

Preferred Return Rate means a rate equal to TRG's blended cost of funds from time to time, compounded quarterly, but in no event less than five percent (5%) nor greater than ten percent (10%) per annum.

Preferred Return Rate means Fifteen Percent (15%) per annum. Notwithstanding the foregoing, following a Change of Control Event the Preferred Return Rate shall be increased to 24% for so long as such Change of Control Event shall exist. In no event shall the Preferred Return Rate be greater than the maximum amount allowed by law.

Examples of Preferred Return Rate in a sentence

• Series of Preferred: Newly created Series C Preferred Units Issuance Price: $100 per unit Preferred Return Rate: 4% per annum through the second anniversary of the closing; 4.5% per annum for the following three years; and 5% per annum after the fifth anniversary of the closing.

• The Class A Preferred Return Rate is subject to reset as provided herein on each Class A Reset Date.

• In the event agreement is reached at least forty-five (45) days before such Class A Reset Date, the Class A Preferred Return Rate will be reset as of such Class A Reset Date pursuant to such agreement and will remain in effect until the following Class A Reset Date.

• During the period commencing ninety (90) days and ending forty-five (45) days prior to each Class A Reset Date, the Company and the holders of all the Class A Limited Membership Interests shall consult with one another to determine whether they are able to agree upon a Class A Preferred Return Rate in advance of such Class A Reset Date.

• During the period commencing ninety (90) days and ending forty-five (45) days prior to a Class A Reset Date (the “Consultation Period”), the Company and the Class A Limited Members shall consult with one another (and the Administrative Agent (if any) shall coordinate such consultation) to determine whether the Company and the Class A Limited Members are able to agree upon a Class A Preferred Return Rate for the Class A Reset Period commencing on such Class A Reset Date.

More Definitions of Preferred Return Rate

Preferred Return Rate means (i) prior to the Mandatory Redemption Date, a per annum rate, calculated on the basis of a 360-day year and the actual number of days elapsed, equal to six percent (6%), and (ii) if the Preferred Investment Total Return Amount is not paid on or prior to the Mandatory Redemption Date, from and after the Mandatory Redemption Date until paid, a per annum rate, calculated on the basis of a 360-day year and the actual number of days elapsed, equal to eight percent (8%), compounding quarterly (the “Default Rate”).

Preferred Return Rate shall have the meaning given to such term in the Operating Agreement.

Preferred Return Rate means seventeen (17%) percent per annum.

Preferred Return Rate means an annual rate or rates announced by the Wall Street Journal as the prime rate plus two percent (2%).

Preferred Return Rate means seven percent (7%) per annum.

Preferred Return Rate means 16 per cent.

Preferred Return Rate means a per annum rate of return (compounded monthly) equal to the greater of (i) eight percent (8%) or (ii) LIBOR plus three and one-half percent (3.5%). The Preferred Return Rate applicable for each month shall be calculated monthly as of the Preferred Return Rate Determination Date.