Additional Preferred Return definition

Additional Preferred Return means an amount computed like interest at a rate of twelve and one-half percent (12.50%) per annum, compounded on the last day of each calendar year, on the Additional Preferred Return Base for the period from the Effective Date through the date of the relevant calculation.
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Additional Preferred Return means (1) with respect to ROCK OHIO VENTURES I LLC an amount equal to ten (10) times the Capital Contribution (exclusive of any Senior Equity Capital Contribution) made with respect to its Interest in the Company, provided, however, that in no event shall the Capital Contribution upon which the Additional Preferred Return is based exceed the amounts set forth on Schedule 2.1(a) with respect to ROCK OHIO VENTURES I LLC, and (2) with respect to LAKES OHIO DEVELOPMENT LLC an amount equal to $5,000,000.
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Additional Preferred Return shall have the meaning ascribed to such term in Section 5.3.
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Examples of Additional Preferred Return in a sentence

  • In connection with the determination of the amount of distributions of Remaining Distributable Cash Flow with respect to the Residual Units in accordance with Section 3.5, Company shall record in its books and records and track the Additional Preferred Return Account.

  • Prior to any transfer of the Series T-1 Interest incident to a default on the Southern Diversified Timber Loan, holders of the Series T-1 Interest will not be entitled to receive any current distributions in excess of the Preferred Return and Additional Preferred Return.

  • After the transfer of the Series T-1 Interest, the holder of the Series T-1 Interest shall continue to be entitled to distributions of Preferred Return and Additional Preferred Return as well as the distributions described in Section 5.

  • The initial Capital Account for the holder of the Series T-1 Interest shall be equal to the lesser of (i) the sum of the Base Amount and all accrued and unpaid Preferred Return and Additional Preferred Return as of such date and (ii) the total Fair Market Value of the Partnership’s assets net of the Partnership’s liabilities as of the New Holder Date.

  • The Manager shall have the authority to set the Additional Preferred Return, if any, to be paid in respect of Additional Capital Units.


More Definitions of Additional Preferred Return

Additional Preferred Return means, as of any time of determination, an amount equal to (i) the sum of the Base Preferred Return rate in effect at such time plus three percent (3%) per annum multiplied by (ii) the amount of any Base Preferred Return that is not paid by the end of the Semi-Annual Period during which it accrued. The Additional Preferred Return shall continue to accrue until both the Base Preferred Return to which it relates and the Additional Preferred Return is paid in full pursuant to Sections 8.1 and 14.2.
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Additional Preferred Return shall have the meaning set forth in Section 3.4(b).
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Additional Preferred Return means any and all distributions to be made to the holder or holders of the Series T-1 Interest pursuant to Section 4(b) of this Supplement.
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Related to Additional Preferred Return

  • Preferred Return has the meaning specified in the Company LLC Agreement.

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Accrued Certificate Interest Distribution Amount With respect to any Distribution Date for each Class of LIBOR Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.