Unpaid Preferred Yield definition

Unpaid Preferred Yield means, as of any date of determination, an amount equal to the excess, if any, of (i) the aggregate amount of Preferred Yield accrued on Preferred Contributions pursuant to Section 9.2(i) for all periods up to and including such date, over (ii) the aggregate amount of Preferred Distributions previously paid by the Company.

Unpaid Preferred Yield of any Preferred Unit means, as of any date, an amount equal to the excess, if any, of (a) the aggregate Preferred Yield accrued on such Preferred Unit for all periods prior to such date, over (b) the aggregate amount of prior Distributions made by the Company that constitute payment of Preferred Yield on such Preferred Unit pursuant to Section 4.1(a)(i).

Unpaid Preferred Yield means, with respect to each preferred unit and as of any date of determination, an amount equal to the excess, if any, of (a) the cumulative Preferred Yield from the closing of this offering through the date established, over (b) the cumulative amount of distributions made as of the date established in respect of the preferred unit.

Examples of Unpaid Preferred Yield in a sentence

• The chief financial officer shall keep or cause to be kept at the principal executive office of the Company a record of Members showing (i) the names of the Members and their addresses, (ii) their respective initial and all their respective subsequent Capital Contributions, (and ) their respective Unpaid Preferred Yield, Unrecovered Preferred Contributions, Percentage Interests and Preferred Percentage Interests, as they may vary from time to time.

• When (i) all Unpaid Preferred Yield has been distributed and (ii) the Company has returned all Preferred Contributions (whether pursuant to this Section 9.2(j)(i) or pursuant to Section 9.2(k)), the Preferred Interests shall be deemed to be retired, and the Members shall have no further rights with respect to such Preferred Interests.

• The Series A Preferred Units, Series B Preferred Units and Series N Preferred Units shall rank pari passu in right of payment of Distributions and shall otherwise be identical in all respects except with respect to the Unpaid Preferred Yield as provided in this Agreement.

• Upon distribution of each Mandatory Redemption Payment, (A) the Preferred Contributions of each Member holding a Preferred Interest shall be reduced by an amount equal to the Mandatory Redemption Payment apportioned to it less any amount of the Mandatory Redemption Payment distributed in payment of Unpaid Preferred Yield and (B) such Member’s Preferred Percentage Interest shall be reduced accordingly.

• First, 100 percent to the Preferred Holders, ratably among such holders in proportion to the then aggregate Unpaid Preferred Yield with respect to the Preferred Shares then held by each such holder, until the Unpaid Preferred Yield in respect of all outstanding Preferred Shares is equal to zero.

• No Distribution or any portion thereof shall be made under clause (ii) or (iii) of this Section 2(b) until the Unpaid Preferred Yield with respect to all of the outstanding Preferred Shares has been paid in full.

• Upon distribution of each Mandatory Redemption Payment, (A) the Preferred Contributions of each Member holding a Preferred Interest shall be reduced by an amount equal to the Mandatory Redemption Payment apportioned to it less any amount of the Mandatory Redemption Payment distributed in payment of Unpaid Preferred Yield and (B) such Member's Preferred Percentage Interest shall be reduced accordingly.

More Definitions of Unpaid Preferred Yield

Unpaid Preferred Yield means the Series A Preferred Unit Unpaid Yield, the Series B Preferred Unit Unpaid Yield, or the Series N Preferred Unit Unpaid Yield, as applicable.

Unpaid Preferred Yield of any Limited Partner means, as of any date of determination, an amount equal to the excess, if any, of (a) the aggregate Preferred Yield accrued on such Limited Partner’s interest for all periods and partial periods prior to such date, over (b) the aggregate amount of prior distributions made by the Partnership with respect to such Limited Partner’s interest pursuant to Section 7.2(a).

Unpaid Preferred Yield of any Preferred Share means an amount equal to the excess, if any, of (i) the aggregate Preferred Yield accrued on such share, over (ii) the aggregate amount of Distributions made by the Corporation under Section 2(b)(i) with respect to such share.