Undistributed Preferred Return definition

Undistributed Preferred Return means, as to each Member, the aggregate Preferred Return accrued with respect to such Member’s Unreturned Capital Contributions reduced by the aggregate distributions to such Member from the Company pursuant to Sections 3.2(a) and 6.2(a)(i) hereof; and (ii) the term “Preferred Return” shall mean, with respect to each Member, a cumulative return of thirteen and 85/100 percent (13.85%), compounded annually, on such Member’s Unreturned Capital Contributions outstanding from time to time.

Undistributed Preferred Return shall have the meaning ascribed to such term in Section 3.2 hereof.

Undistributed Preferred Return means, with respect to any Class A Limited Member, Series B-1 Limited Member or Series B-2 Limited Member, the aggregate amount of Class A Limited Member Preferred Return, Series B-1 Limited Member Preferred Return, or Series B-2 Limited Member Preferred Return, as applicable, not distributed on a Class A Distribution Date or Class B Distribution Date, as applicable, pursuant to Section 4.1(a) and, with respect to any Class B Limited Member Preferred Return, without regard to whether the distribution of such Class B Limited Member Preferred Return was prohibited pursuant to the proviso set forth in Section 4.1(a)(ii); provided that such amounts shall be included in Undistributed Preferred Return only during the period from the date such distribution was required to be made to the date such distribution is made.

Examples of Undistributed Preferred Return in a sentence

• Undistributed Preferred Return: as to any Preferred Member at any relevant date, such Preferred Member’s Preferred Return Amount, reduced by cumulative Distributions to such Preferred Member under 6.1[a] as of such date.

• In the event that, on two consecutive Quarterly Start Dates (or, if such day is not a Business Day, on the first Business Day thereafter), the Managing Member fails to make distributions in an amount at least equal to the lesser of Consolidated Retained Earnings and the Undistributed Preferred Return on such first day, then as of such date, and until such failure is cured, the Preferred Return Rate shall be seven and one-quarter percent (7.25%).

• Undistributed Preferred Return The excess, if any, of (x) the Preferred Return over (y) the aggregate cumulative amount of distributions to Packaging made under Section 4.1(b)(i).

More Definitions of Undistributed Preferred Return

Undistributed Preferred Return with respect to a Partner means an amount equal to the Preferred Return of each Partner accrued to the date the Undistributed Preferred Return is being determined, less all distributions made (or deemed made) to such Partner pursuant to Sections 4.1(a) and (b).

Undistributed Preferred Return means, with respect to any Class A Limited Member, Series B-1 Limited Member or Series B-2 Limited Member, the aggregate amount of Class A Limited Member Preferred Return, Series B-1 Limited Member Preferred Return, or Series B-2 Limited Member Preferred Return, as applicable, not distributed when required pursuant to Section 4.1(a); provided that such amounts shall be included in Undistributed Preferred Return only during the period from the date such distribution was required to be made to the date such distribution is made.

Undistributed Preferred Return means, for each Class A Preferred Share on any given date, the excess of the cumulative accrued Preferred Return with respect to such Share through the day before such date over the cumulative distributions of Preferred Return pursuant to Section 3.3 or Section 3.4 with respect to such Share through such date (or, if such date is not a Business Day, through the next Business Day thereafter). "Voluntary Bankruptcy" shall have the meaning set forth in the definition of "Bankruptcy."

Undistributed Preferred Return means, as to each Member, the aggregate Preferred Return accrued with respect to such Member’s Unreturned Capital Contributions reduced by the aggregate distributions to such Member from the Company pursuant to Sections 3.2(a) and 6.2(a)(i) hereof; (ii) the term “Preferred Return” shall mean, with respect to each Member, a cumulative return of thirteen and 85/100 percent (13.85%), compounded annually, on such Member’s Unreturned Capital Contributions outstanding from time to time; and (iii) “Internal Rate of Return” shall mean the discount rate, using cumulative annual compounding, at which the net present value of a Member’s Capital Contributions to, and distributions from the Company equals zero (0), calculated for each such Capital Contribution from the date such Capital Contribution was made; provided, that each Member’s Internal Rate of Return shall be calculated on the basis of the actual number of days elapsed over a 365- or 366-day year, as the case may be, using cumulative annual compounding; and provided, further, that each Internal Rate of Return calculation shall be determined from and including the date upon which each Capital Contribution was made by the respective Member (including if made prior to the date of this Agreement) to and including the date any distribution is made on account thereof.

Undistributed Preferred Return shall have the meaning set forth in Section 5.2(a)(ii).