Preferred Return. A Cumulative Return of six percent computed from the Initial Closing Date through the date as of which such amount is being calculated. Property or Properties. The Company's partial or entire interest in real property (including leasehold interests) and personal or mixed property connected therewith. Property Management Fee. The Property Management Fee as defined in Section 9(f) hereof.
Preferred Return. The term “
Preferred Return. As noted, Distributions are not assured. Xxxxxxx Homes Xxxxxxx Loans | 15 Company Operating Agreement Note (Amended): Our Company may never raise enough capital to move forward with its intended business operations. First, to the Members, pro rata in accordance with their percentage interests in the Company as defined in the Operating Agreement (Percentage Interests), until all Members have received a cumulative, non compounded preferred return per annum on their Capital Contributions.
Preferred Return. A Cumulative Return of six percent computed from the Initial Closing Date through the date as of which such amount is being calculated.
Preferred Return. Subject to the further terms of the Agreement, until the time each Class A Member’s initial capital contribution is returned in full in accordance with Section 4.2 below as a result of the sale of the Company’s real property or disposition of Loans, the Manager may, in the Manager’s sole and reasonable discretion, distribute to each Class A Member, on a quarterly basis, an amount of cash necessary to provide each Class A Member with a pre-tax non-cumulative annual return of seven and a half percent (7.5%) (non-compounding) on the outstanding amount of each such Class A Member’s initial capital contribution. Distributions are expected to commence payments during the first quarter after the first anniversary date of the first Subscription Agreement accepted by the Company.
Preferred Return. When distributions are made, Members will receive the first dollars of Distributions from the previous month (as determined by the Manager) until they have received their Preferred Return.
Preferred Return. First, to the Members, pro rata in accordance with their percentage interests in the Company (as defined in the Operating Agreement - “Percentage Interest”), until all Members have received a cumulative, non-compounded preferred return of 8% per annum on their Capital Contributions.
Preferred Return. In the event that there is insufficient Distributable Operating Income in order to pay the Preferred Return, the Preferred Return may be paid out of a loan from the General Partner, the General Partner’s capital contribution (if any), third-party borrowings, or the Limited Partners’ capital contributions, or any combination of the foregoing. If the General Partner utilizes its capital contribution to pay the Preferred Return, any portion of such Preferred Return payment that the General Partner would receive will not be paid, but will accrue until such time as the Preferred Return may be paid out of Distributable Operating Income.
Preferred Return. Second, any remaining net income from Company Operations shall be allocated 100% to the Members until they have been allocated amounts equal to the full amount of the Preferred Return which has been distributed to them.
Preferred Return. A Funding Partner shall be specially allocated Net Income equal to 15% per annum on the funding provided on behalf of the Nonfunding Partner (and not subsequently made up by the Nonfunding Partner) until such time as the Nonfunding Partner contributes all of the remaining unfunded amounts to the Partnership.
