Class A Preferred Return Rate definition

Class A Preferred Return Rate has the meaning set forth in Section 16.04(a) hereof.
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Class A Preferred Return Rate shall be (i) 1.00% per annum of the Class A Preferred Base Liquidation Preference (as defined below) per Class A Preferred Unit with respect to the period prior to June 1, 2015, (ii) 2.00% per annum of the Class A Preferred Base Liquidation Preference per Class A Preferred Unit with respect to the period commencing on June 1, 2015 and ending on June 1, 2016, and (iii) 3.00% per annum of the Class A Preferred Base Liquidation Preference per Class A Preferred Unit commencing on June 1, 2016.
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Class A Preferred Return Rate means (a) for any Class A Distribution Period (or a portion thereof) occurring during the initial Class A Reset Period, (i) with respect to Class A-1 Limited Membership Interests, 4.25% per annum and (ii) with respect to Class A-2 Limited Membership Interests, 6.85% per annum, or (b) for any Class A Distribution Period or portion thereof occurring during any other Class A Reset Period, the Class A Preferred Return Reset Rate; provided, however, that the Class A Preferred Return Rate for any Class A Distribution Period commencing on the occurrence of a Class A Failed Mandatory Remarketing shall equal the Class A Failed Mandatory Remarketing Rate for such Class A Distribution Period. For the avoidance of doubt, the Class A Preferred Return Rate for any Class A Distribution Period commencing on a Class A Reset Date shall be the same for both the Class A-1 Limited Membership Interests and Class A-2 Limited Membership Interests.
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Examples of Class A Preferred Return Rate in a sentence

  • The Class A Preferred Return Rate is subject to reset as provided herein on each Class A Reset Date.

  • During the period commencing ninety (90) days and ending forty-five (45) days prior to a Class A Reset Date (the “Consultation Period”), the Company and the Class A Limited Members shall consult with one another (and the Administrative Agent (if any) shall coordinate such consultation) to determine whether the Company and the Class A Limited Members are able to agree upon a Class A Preferred Return Rate for the Class A Reset Period commencing on such Class A Reset Date.

  • In the event the Company and all of such holders of Class A Limited Membership Interests reach agreement at least forty-five (45) days before such Class A Reset Date, the Class A Preferred Return Rate will be reset on the Class A Reset Date to the amount so agreed and will remain in effect until the next Class A Reset Date.

  • In the event agreement is reached at least forty-five (45) days before such Class A Reset Date, the Class A Preferred Return Rate will be reset as of such Class A Reset Date pursuant to such agreement and will remain in effect until the following Class A Reset Date.

  • During the period commencing ninety (90) days and ending forty-five (45) days prior to each Class A Reset Date, the Company and the holders of all the Class A Limited Membership Interests shall consult with one another to determine whether they are able to agree upon a Class A Preferred Return Rate in advance of such Class A Reset Date.

  • In the event no agreement pursuant to this Section 7.1(b) is reached at least forty-five (45) days before the relevant Class A Reset Date, the Company shall, on a date no later than such Class A Reset Date, conduct an auction or mandatory remarketing (a “Class A Mandatory Remarketing”) to set the applicable Class A Preferred Return Rate pursuant to Section 7.1(c)(i).

  • As evidenced by that certain Rate Reset Agreement dated May 29, 2007 by the Company, GMCO, RBDB and TPC, the Class A Limited Members agreed upon the Class A Preferred Return Rate for the June 28, 2007 initial Class A Reset Date as required by Section 7.1(b) of the Third Amended and Restated LLC Agreement and made certain related amendments to the Third Amended and Restated LLC Agreement.

  • The Class A Preferred Return Rate so determined on such Class A Reset Date shall remain in effect until the following Class A Reset Date.

  • In the event the Company and all of such holders of such Class A Limited Membership Interests reach agreement at least forty-five (45) days before such Class A Reset Date, the Class A Preferred Return Rate for such Class A Limited Membership Interests will be reset on such Class A Reset Date to the amount so agreed and will remain in effect until the next applicable Class A Reset Date.

  • During the period commencing ninety (90) days and ending forty-five (45) days prior to the initial Class A Reset Date, the Company and the holders of all the Class A Limited Membership Interests shall consult with one another to determine whether they are able to agree upon a Class A Preferred Return Rate in advance of such Class A Reset Date.


More Definitions of Class A Preferred Return Rate

Class A Preferred Return Rate means, with respect to the Class A Limited Membership Interests,
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Class A Preferred Return Rate means (a) for any Class A Distribution Period (or a portion thereof) occurring during the initial Class A Reset Period, (i) with respect to Class A-1 Limited Membership Interests, 4.25% per annum, (ii) with respect to Class A-2 Limited Membership Interests, 6.85% per annum and (iii) with respect to Class A-3 Limited Membership Interests, 6.85% per annum, or (b) for any Class A Distribution Period or portion thereof occurring during any other Class A Reset Period, the Class A Preferred Return Reset Rate; provided, however, that the Class A Preferred Return Rate for any Class A Distribution Period commencing on the occurrence of a Class A Failed Mandatory Remarketing shall equal the Class A Failed Mandatory Remarketing Rate for such Class A Distribution Period. For the avoidance of doubt, the Class A Preferred Return Rate for any Class A Distribution Period commencing on a Class A Reset Date shall be the same for Class A-1 Limited Membership Interests, Class A-2 Limited Membership Interests and Class A-3 Limited Membership Interests.
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Class A Preferred Return Rate means (i) with respect to Class A-1 Limited Membership Interests, the Class A-1 Preferred Return Rate and
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Class A Preferred Return Rate means (a) for any Class A Distribution Period (or a portion thereof) with respect to a class of Class A Preferred Units occurring during the applicable initial Class A Reset Period, (i) with respect to Class A-1 Limited Membership Interests, 4.25% per annum, (ii) with respect to Class A-2 Limited Membership Interests, 6.85% per annum, (iii) with respect to Class A-3 Limited Membership Interests, 6.85% per annum and (iv) with respect to Class A-4 Limited Membership Interests, 5.94% per annum, or (b) for any Class A Distribution Period or portion thereof occurring during any other Class A Reset Period (as applicable), the applicable Class A Preferred Return Reset Rate; provided, however, that the Class A Preferred Return Rate for any Class A Distribution Period commencing on the occurrence of a Class A Failed Mandatory Remarketing shall, with respect to the applicable Remarketed Class A Limited Membership Interests, equal the Class A Failed Mandatory -10- Remarketing Rate for such Class A Distribution Period. For the avoidance of doubt, the Class A Preferred Return Rate for any Class A Distribution Period commencing on a Class A Reset Date shall be the same for each class of the applicable Remarketed Class A Limited Membership Interests.
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Class A Preferred Return Rate means (i) with respect to Class A-1 Limited Membership Interests, the Class A-1 Preferred Return Rate and (ii) with respect to Class A-2 Limited Membership Interests, the Class A-2 Preferred Return Rate.
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Class A Preferred Return Rate means, with respect to the Class A Limited Membership Interests, (i) for any Class A Distribution Period prior to the second Scheduled Reset Date or portion thereof during which the Class A Limited Preferred Return is stated herein to accrue, a rate per annum equal to (a) the sum of (x) the LIBOR for such Fiscal Quarter or portion thereof plus (y) the Class A Spread then in effect, divided by (b) the Class A Adjustment Factor, and (ii) thereafter, such Fixed Rate or Floating Rate as shall be determined in accordance with Sections 7.1(d) and 7.2.
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Related to Class A Preferred Return Rate

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

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Current Class A Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph first of Section 4.01(a) on such Distribution Date.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 54.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $3,608,680.