Preferred Return Sample Clauses

Preferred Return. The term Preferred Return means, with respect to each Member, an amount calculated like interest and accrued on the balance standing from time to time in such Members Unrecovered Contribution Account at a simple interest rate equal to nine percent (9%) per annum, non-compounded, and determined on a cumulative basis. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.
Preferred Return. The term Preferred Return means, with respect to each Member, an amount calculated like interest and accrued on the balance standing from time to time in such Members Unrecovered Contribution Account at a simple interest rate equal to nine twelve percent (9%12%) per annum, non-compounded, and determined on a cumulative basis. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.
Preferred Return. The term Preferred Return means, with respect to each Member, an amount calculated like interest and accrued on the balance standing from time to time in such Members Unrecovered Contribution Account at a simple interest rate equal to nine eight and twenty-five one hundredths percent (9%8.25%) per annum, non-compounded, and determined on a cumulative basis. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.
Preferred Return. The term Preferred Return means, with respect to each Member, an amount calculated like interest and accrued on the balance standing from time to time in such Members Unrecovered Contribution Account at a simple interest rate equal to nine ten percent (9%10%) per annum, non-compounded, and determined on a cumulative basisbasis each calendar year. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.
Preferred Return. The term Preferred Return means, with respect to each Member, an amount calculated like interest and accrued on the balance standing from time to time in such Members Unrecovered Contribution Account at a simple interest rate equal to nine ten percent (9%10%) per annum. Any Preferred Return not paid during any Fiscal Year, non-compoundedor immediately thereafter if paid from Ordinary Cash Flow available during the applicable Fiscal Year, and determined on a cumulative basiswill be not be carried forward to future Fiscal Years. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.
Preferred Return. The term Preferred Return means, with respect to each MemberPaladin, an amount calculated like interest and accrued on the balance standing from time to time in such Members Paladins Unrecovered Initial Contribution Account at a simple interest rate equal to nine percent (9%9.0%) per annum, non-compounded, and determined on a cumulative basis. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.
Preferred Return. The term Preferred Return means, with respect to each Member, an amount calculated like interest and accrued on the balance standing from time to time in such Members Unrecovered Contribution Account at a simple interest rate equal to nine eight and one-half percent (9%8.5%) per annum, non-compounded, and determined on a cumulative basis. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.