Unpaid Class A Preferred Return means, with respect to any Legacy Class A Stockholder, as of any date of determination, the excess, if any, of (i) the amount of such Legacy Class A Stockholder’s accrued Class A Preferred Return as of such date, over (ii) an amount equal to the excess, if any, of (x) the aggregate amount of Capital Proceeds and Available Cash Dividends theretofore distributed or to be distributed to such Legacy Class A Stockholder pursuant to Article IV, Section 2(b) and Article IV, Section 5 (including, for the avoidance of doubt, any such amounts distributed to such Legacy Class A Stockholder and its predecessor in interest with respect to Equity Securities of the Corporation or the LLC acquired pursuant to the exercise of any preemptive rights), Subsequent Sale Proceeds (including, for the avoidance of doubt, any such Subsequent Sale Proceeds received by such Legacy Class A Stockholder in respect of Equity Securities of the Corporation acquired pursuant to the exercise of any preemptive rights) and Prior Distributions made to such Legacy Class A Stockholder or its predecessor in interest (as applicable), over (y) the aggregate amount of any Capital Contributions made by such Legacy Class A Stockholder or its predecessor in interest (as applicable); provided, that amounts received by such Legacy Class A Stockholder and its predecessor in interest (as applicable) that reduce the positive balance of the Unrecovered Capital of such Legacy Class A Stockholder shall not also be applied to reduce the Unpaid Class A Preferred Return of such Legacy Class A Stockholder in a manner that is duplicative.
Unpaid Class A Preferred Return means, with respect to any Class A Member as of any time, the excess (if any) of (i) the cumulative amount of such Member’s Class A Preferred Return accrued through such date over (ii) the aggregate amount of all distributions made to such Member in the current and all prior years pursuant to Sections 5.1.1 and 5.2.1.
Unpaid Class A Preferred Return means, on any date, an amount equal to (i) the aggregate Class A Preferred Return accrued for all periods prior to the date of determination less
Examples of Unpaid Class A Preferred Return in a sentence
In the event of a conversion of Class A Preferred Units into Common Units hereunder, any Cumulative Unpaid Class A Preferred Return Amount and the Pro-Rated Preferred Amount attributable to such Units being converted shall be paid to the converting Class A Preferred Unitholder in cash as of the Conversion Date (as defined below).
More Definitions of Unpaid Class A Preferred Return
Unpaid Class A Preferred Return means, with respect to any Class A Preferred Unit, as of any date, an amount equal to the excess, if any, of (i) the aggregate Class A Preferred Return accrued on such Class A Preferred Unit for all periods (or portions thereof) prior to such date over(ii) the aggregate amount of prior Distributions made by the Company with respect to such Unit pursuant to Section 4.1(a)(i).