Total Return Amount definition

Total Return Amount means, in respect of any Return Period, an amount equal to the Total Return Percentage minus 8.0% if the Return Period is a full calendar year, and adjusted on a PRO RATA basis should the Return Period be less than a full calendar year, multiplied by the Market Capitalization for that Return Period;

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Total Return Amount means the aggregate amount of cash that has been received by the Investor as a return on the Investor Investment.

Total Return Amount means, for each quarterly calculation period, an amount equal to the sum of (i) the aggregate amount of all cash distributions accrued or paid (without duplication) during such quarter on the Shares outstanding at the end of such quarter plus (ii) the amount of the change in aggregate NAV of such Shares since the beginning of such quarter, before giving effect to (x) changes in the aggregate NAV of such Shares during such quarter resulting solely from the net proceeds of issuances and/or repurchase of Shares by the Company, and (y) the amount of any accrual of the Performance Participation Fee during such quarter. For the avoidance of doubt, the calculation of the Total Return Amount for each period shall (i) include any appreciation or depreciation in the NAV of the Shares issued during such period but (ii) exclude the proceeds from the initial issuance of such Shares. The total NAV of the Shares outstanding as of the last business day of a calendar quarter shall be the amount against which changes in the total NAV of the Shares outstanding during the subsequent calendar quarter is measured. The calculation of the Total Return Amount shall be based upon the Company’s total NAV and not on an individual per Share class basis but changes in the Company’s total NAV will generally correspond to cumulative changes in the total NAV per Share of each class outstanding at the time of the calculation.

Examples of Total Return Amount in a sentence

• Upon a Liquidity Event other than a Listing, for purposes of determining the Annual Total Return Amount, the change in VPU shall be deemed to equal the difference between the Ending VPU as of the end of the prior calendar year and an amount equal to the consideration per Fund Interest received by holders of Fund Interests in connection with such Liquidity Event.

• Except as described in the definition of Loss Carryforward in this Agreement, any amount by which the Annual Total Return Amount falls below the Hurdle Amount will not be carried forward to subsequent periods.

• In connection with a Listing, for purposes of determining the Annual Total Return Amount, the change in VPU shall be deemed to equal the difference between the Ending VPU as of the end of the prior calendar year and an amount equal to the market value of the listed shares based upon the average closing price or, if the average closing price is not available, the average of the bid and asked prices, for the 30-day period beginning 90 days after such Listing.

• In such event, for purposes of determining the Annual Total Return Amount, the change in VPU shall be determined based on a good faith estimate of what the NAV Calculations would be as of that date.

• Except as described in the definition of Loss Carryforward Amount in this Agreement, any amount by which the Annual Total Return Amount falls below the Hurdle Amount will not be carried forward to subsequent periods.

• If the Performance Allocation is distributable pursuant to this Section 5.2(c), the Special OP Unitholders shall be entitled to such distribution even in the event that the total percentage return to OP Unitholders over any longer or shorter period, or the total percentage return to any particular OP Unitholder over the same, longer or shorter period, has been less than the Annual Total Return Amount used to calculate the Hurdle Amount.

• The effect of the Loss Carryforward Amount is that the recoupment of past Annual Total Return Amount losses will offset the positive Annual Total Return Amount for purposes of the calculation of the Performance Component.

• If the Performance Component is being calculated with respect to a year in which the Corporation completes a Liquidity Event, for purposes of determining the Annual Total Return Amount, the change in VPU shall be deemed to equal the difference between the Ending VPU as of the end of the prior calendar year and the value per OP Unit determined in connection with such Liquidity Event.

• The effect of the Loss Carryforward is that the recoupment of past Annual Total Return Amount losses will offset the positive Annual Total Return Amount for purposes of the calculation of the Performance Component.

• In such event, for purposes of determining the Annual Total Return Amount, the change in VPU shall be determined based on a good faith estimate of what the NAV Calculations would be as of the Termination Date; provided, that, if this Agreement is terminated with respect to a Liquidity Event, the Performance Component will be due and payable in connection with such Liquidity Event and the Annual Total Return Amount shall be calculated as set forth in Paragraph 9(a)(ii) above.

More Definitions of Total Return Amount

Total Return Amount means in respect of any Return Period an amount equal to the Total Return Percentage minus 8.0% if the Return Period is a full calendar year and adjusted on a pro rata basis should the Return Period be less than a full calendar year, multiplied by the Market Capitalization for that Return Period;