Unpaid Priority Return definition

Unpaid Priority Return means, with respect to each Class A Unit, the cumulative Priority Return with respect to such Unit less all distributions made under Article V of the LLC Agreement (other than in respect of unreturned Capital Contributions).

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Unpaid Priority Return means, with respect to each Priority Member, the aggregate Priority Return of such Priority Member, minus the cumulative distributions paid to such Priority Member pursuant to Section 9.1(a) of this Agreement (including by operation of Section 13.2(c)).

Unpaid Priority Return means with respect to each Limited Partner the excess of its Priority Return over the aggregate amount distributed to it pursuant to Section 4.2(a)(ii).

Examples of Unpaid Priority Return in a sentence

After the Unreturned Capital Contributions and Unpaid Priority Return of a Priority Member have been reduced to zero, the Class B Units held by such Priority Member shall be forfeited to the Company and such Priority Member shall have no further interest in the Company, including, without limitation, voting rights and rights to distributions and allocations of Profit and Loss.
In addition, after the General Partner Unpaid Priority Return has been paid and the General Partner Net Current Investment has been reduced to zero, all Capital Proceeds from sales of Partnership assets shall be applied first to pay amounts outstanding under the Termination Note.
All such distributions shall be made pro rata in relation to each such Series A Preferred Share’s Unpaid Priority Return.
The Termination Note shall be payable in full upon the occurrence of a Listing Event and a Change of Control Event, provided that such Listing Event results in a Listed Market Value, or such change of Control Event results in a Transaction Value, equal to or greater than the sum of the General Partner Net Current Investment plus the General Partner Unpaid Priority Return at the time of such Listing Event or change of Control Event.
For purposes of calculating the Unpaid Priority Return for a Class A Unit, the amount distributed to the General Partner pursuant to Sections 7.2(a)(i)(A)(1) and (c)(i)(A) on behalf of such Unit shall be included in the amounts distributed with respect to such Class A Unit.

More Definitions of Unpaid Priority Return

Unpaid Priority Return means, with respect to a Member for a Fiscal Year, the excess, if any, of (i) the sum of such Member's Priority Return for the current Fiscal Year and all prior Fiscal Years; over (ii) the aggregate amount distributed to such Member under Section 6.1(a)(iii) for the current Fiscal Year and all prior Fiscal Years.

Unpaid Priority Return means, as of any date of distribution, the excess of the priority return calculated for a respective partner as of such date over any amounts distributed to such partner prior to such date, other than distributions to the General Partner in its capacity as a General Partner.

Unpaid Priority Return means, with respect to each Class B Member, the amount, if any, by which such Class B Member' s Priority Return exceeds the aggregate of all amounts actually distributed to such Class B Member pursuant to Section 8.2(b)(3).

Unpaid Priority Return has the meaning specified in Section 8.1.1.

Unpaid Priority Return means generally the cumulative Priority Return respecting Preferred Interests, less distributions made, including distributions upon liquidation.

Unpaid Priority Return means, with respect to any Series A Preferred Share as of any date, an amount equal to the aggregate amount of Priority Return accrued for such Series A Preferred Share from the Initial Issuance Date through such date (treating the Priority Return accrued for any fiscal year as though it accrued ratably across each quarter of such fiscal year) reduced by the aggregate amount of any cash distributions previously made in respect of such Series A Preferred Share pursuant to Section 5.1(b).

Unpaid Priority Return means, at any given time, the excess, if any, of the aggregate Priority Return over all amounts previously paid with respect to the Priority Return.