Class B Distribution Rate definition

Class B Distribution Rate means an annual rate equal to (a) during the Class B Fixed Rate Period, 9.00% of the Class B Stated Liquidation Preference and (b) during the Class B Floating Rate Period, a percentage of the Class B Stated Liquidation Preference equal to the sum of (i) Class B Three-Month LIBOR, as calculated on each applicable Class B LIBOR Determination Date, and (ii) 7.213%.
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Class B Distribution Rate means an amount equal to the quotient of (i) (a) the Common Unit Yield, calculated as of the date of the applicable Capital Call, plus (b) 130 basis points, divided by (ii) four.
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Class B Distribution Rate means an amount per Quarter equal to 3.0% of the Class B Issue Price (or a pro rata amount thereof for any period that is less than an entire Quarter calculated based on the number of days such Class B Unit was held during such Quarter divided by the actual number of days in such Quarter), subject to adjustment pursuant to Section 4.6(c)(vii).
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Examples of Class B Distribution Rate in a sentence

  • Following the expiration of the PIK Period, if the Partnership fails to pay in full in cash a Class B Distribution on each Class B Unit then outstanding equal to the Class B Distribution Rate then in effect, then, subject to Section 4.1(e)(v)(C) in respect of Defaulting Investors, to the extent that such Class B Distribution is unpaid, the amount of such unpaid distributions will accumulate and thereafter increase each Quarter at the Class B Distribution Rate then in effect until paid in full in cash.

  • Notwithstanding anything herein to the contrary, all measurements and references herein related to per-Unit values, prices and numbers (including Class A Sharing Percentage, Class A Unit Fair Market Value, Class A Unit Price, Class A Units, Class B Distribution Rate, Class B Issue Price, Class B Liquidation Value, Class B Sharing Percentage, Class B Units and PIK Units), shall be, in each instance, appropriately adjusted for Unit splits, combinations, distributions and the like.

  • Upon termination of the Extended DD Period, the Class B Distribution Rate then in effect shall be reduced by 0.5% of the Class B Issue Price in addition to the reduction described above in Section 4.6(c)(vii)(A).


More Definitions of Class B Distribution Rate

Class B Distribution Rate means an amount per Quarter per Class B Convertible Unit payable in arrears equal to $0.3257. For the avoidance of doubt, the Class B Distribution Rate shall be equal to $0.3257 for the Quarter in which the Class B Issuance Date occurs and shall not be pro-rated based on the number of days in such Quarter during which the Class B Convertible Units were Outstanding.
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Related to Class B Distribution Rate

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Series A Distribution Rate means 6.375%.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.