Series A Preferred Return definition

Series A Preferred Return shall have the meaning provided in Section 5(a).

Series A Preferred Return means, for each Series A Redeemable Preferred Unit, a cumulative, non-compounded rate of return equal to six percent (6%) per annum with respect to the Stated Value. For any partial period, such return shall be calculated ratably on the basis of a 360-day year consisting of twelve 30-day months.

Series A Preferred Return means the amount of distributions to which Holders of Series A Preferred Units would be entitled to receive if the Series A Preferred Units were treated as part of a single class of units with the OP Units and the Series A Preferred Units shared in distributions with the OP Units pursuant to Section 5.1(4) proportionately based on the total number of outstanding Series A Preferred Units and OP Units.

Examples of Series A Preferred Return in a sentence

• Any distribution made on the Series A Preferred Units shall first be credited against the earliest accrued but unpaid Series A Preferred Return which remains payable.

• No interest or additional distributions shall be payable in respect of any accrued and unpaid Series A Preferred Return.

• Holders of Series A Preferred Units shall not be entitled to any distribution, whether payable in cash, property or units of the Partnership, in excess of the Series A Preferred Return on the Series A Preferred Units as provided above.

• Holders of Series A Preferred Units will be entitled to receive the Series A Preferred Return, which will be paid to Holders of Series A Preferred Units as part of the Series A Preferred Priority Return and before any distributions are made to Holders of OP Units pursuant to Section 5.1(4).

• Notwithstanding anything to the contrary contained herein, the Series A Preferred Return will accrue whether or not distributions are authorized by the General Partner or declared by the Partnership.

More Definitions of Series A Preferred Return

Series A Preferred Return of an Investor means an amount such that, as of the date of any distribution, the total amount paid with respect to the Shares owned by such Investor, including all amounts paid to any previous owners of such Shares, yields a compounded return of seven percent (7%) with respect to the Unreturned Investment of such Shares since the date such Shares were originally issued by the Company.

Series A Preferred Return means, as of any date of determination, with respect to a holder of Series A Preferred Shares, an amount equal to twelve percent per annum, cumulative and compounded semi-annually, on the amount of the holder's Series A Invested Capital, from the date of the initial Capital Contribution in respect of such Series A Preferred Shares to the date of determination (taking into account, as appropriate, payments pursuant to Section 6.2(a) with respect to such Series A Preferred Return).

Series A Preferred Return shall have the meaning provided in Section 13.04(a).

Series A Preferred Return shall have the meaning set forth in Section 2.1 of

Series A Preferred Return means, with respect to any outstanding Series A Preferred Unit as of the relevant time of reference thereto, a cumulative non-compounding preferred return computed at an annual rate of eight percent (8%), on the Unreturned Capital Contribution with respect to such Series A Preferred Unit. The Series A Preferred Return with respect to each Series A Preferred Unit shall continue to accrue day to day with respect to each Capital Contribution in respect of such Series A Preferred Unit on the Unreturned portion of each Capital Contribution from time to time until the earlier of (i) the date on which the full amount of such Capital Contribution has been returned and (ii) the date on which such Series A Preferred Unit is otherwise no longer outstanding.

Series A Preferred Return means, with respect to each Series A Preferred Unit as of any particular date, the amount of distributions to which a holder of such Series A Preferred Unit would be entitled to receive as of such date if the Series A Preferred Units were treated as part of a single class of units with the Common Units and the Series A Preferred Units shared in distributions with the Common Units pursuant to Section 5.2(a)(ii) and Section 5.6(b) proportionately based on the total number of outstanding Series A Preferred Units and Common Units; provided, however for this purpose each Series A Preferred Units shall be treated as 1.22423 Units.

Series A Preferred Return means an annual non-compounded amount with respect to each outstanding Series A Preferred Unit equal to the product of (x) the Series A Percentage, and (y) the Series A Unreturned Capital Value for each such Unit, which shall accrue as provided herein to the extent not paid.