Priority Return. As of any date, an aggregate amount equal to an 6% cumulative, non-compounded, annual return on Invested Capital, prorated for any partial year. For purposes of calculating the Priority Return for any calendar year or portion thereof, the Company will use the daily amount of Invested Capital for such period.
Appears in 3 contracts
Samples: Form of Advisory Agreement (CNL Healthcare Properties II, Inc.), Form of Advisory Agreement (CNL Healthcare Properties II, Inc.), Advisory Agreement (CNL Healthcare Properties II, Inc.)
Priority Return. As of any date, an aggregate amount equal to an 6% cumulative, non-compounded, annual return on Invested Capital, prorated for any partial year. For purposes of calculating the Priority Return for any calendar year or portion thereof, the Company will use the daily weighted average amount of Invested Capital for such period.
Appears in 2 contracts
Samples: Advisory Agreement (Macquarie CNL Global Income Trust, Inc.), Advisory Agreement (Global Growth Trust, Inc.)
Priority Return. As of any date, an aggregate amount equal to an a 6% cumulative, non-compounded, annual return on Invested Capital, prorated for any partial year. For purposes of calculating the Priority Return for any calendar year or portion thereof, the Company will use the daily amount of Invested Capital for such period.
Appears in 1 contract
Samples: Advisory Agreement (CNL Healthcare Properties II, Inc.)
