Priority Return Percentage definition

Priority Return Percentage means that percentage applicable to a class or series of Preferred Units set forth on Exhibit A hereto (or otherwise set forth in this Agreement or in an amendment to this Agreement) used to calculate the Priority Return Amount.

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Priority Return Percentage has (i) the meaning set forth in Section 8(a)(ii)) prior to the NAV Pricing Date and (ii) the meaning set forth in Section 8(b)(ii) from and after the NAV Pricing Date.

Priority Return Percentage has the meaning set forth in Section 8(c).

Examples of Priority Return Percentage in a sentence

Priority Return Percentage has the meaning set forth in Section 10(c).
Priority Return Percentage has the meaning set forth in Section 9.
Priority Return Percentage shall have the meaning set forth in Section 11(c).
If the Advisory Fee is payable with respect to any partial calendar month or calendar year, the Fixed Component will be prorated based on the number of days elapsed during any partial calendar month and the Performance Component (including the Priority Return Percentage) will be prorated based on the number of days elapsed during, and the Annual Total Return Percentage achieved for, the period of such partial calendar year.
If the Performance Component is payable pursuant to this Section 9(b)(ii), the Advisor will be entitled to such payment even in the event that the total percentage return to Unitholders on a cumulative basis over any longer or shorter period, or the total percentage return to any particular Unitholder on a cumulative basis over the same, longer or shorter period, has been less than the Priority Return Percentage.
The dollar amount of the Performance Component will be 25.0% of the product of (A) the excess of the Annual Total Return Percentage over the Priority Return Percentage, (B) the Beginning VPU, and (C) the weighted-average number of OP Units outstanding during the applicable period, calculated in accordance with GAAP applied on a consistent basis.
For example, for the partial calendar year following the date of this Agreement, the Performance Component will be calculated based on the Annual Total Return Percentage achieved with respect to the VPU at the end of the date of this Agreement, and the Priority Return Percentage will be reduced pro rata by the number of days in the calendar year that precedes the date of this Agreement.
For each class, the dollar amount of the Performance Component will equal 25.0% of the difference between the Annual Total Return and the Priority Return Percentage allocable to Class A Shares or Class B Shares, as applicable.
If the Performance Component is payable with respect to Class A Shares or Class B Shares pursuant to this Section 11(c), the Advisor will be entitled to such payment even in the event that the Annual Total Return to Class A Stockholders or Class B Stockholders (or any particular Stockholder) expressed as a percentage on a cumulative basis over any longer or shorter period has been less than the Priority Return Percentage.
For each class the dollar amount of the Performance Component will equal 25.0% of the difference between (i) the Annual Total Return allocable to Class A Shares or Class W Shares, as applicable and (ii) the amount required to provide Class A Stockholders an Annual Total Return equal to the Priority Return Percentage.

More Definitions of Priority Return Percentage

Priority Return Percentage. That percentage set forth on the Addendum to the Partner Registry (or otherwise set forth in an amendment to this Agreement) used to calculate the Priority Return Amount. Profits and Losses: For each Fiscal Year or other period, an amount equal to the Partnership’s taxable income or loss (as the case may be) for such year or period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

Priority Return Percentage. That percentage set forth on the Addendum to Exhibit 1 (or otherwise set forth in an amendment to this Agreement) used to calculate the Priority Return Amount.

Priority Return Percentage means, with respect to a given Priority Return Period, a percentage per annum equal to the greater of (i) eight and three-fourths percent (8.75%) or (ii) a percentage equal to four percent (4%) plus LIBOR.