Annual Total Return definition

Annual Total Return. As further described in Section 11, the investment return provided to Stockholders, which shall be calculated independently for the Class A Shares and the Class B Shares and shall be equal to, for all such Shares outstanding during the calendar year (or such other applicable period), (i) distributions declared and accrued per Class A Share or Class B Share over the calendar year (or such other applicable period) plus (ii) change in Class A NAV per Class A Share or Class B NAV per Class B Share over the calendar year (or such other applicable period).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Annual Total Return. As further described in Section 3.01, the investment return provided to Stockholders shall be equal to distributions paid per Share over the calendar year (or such other applicable period), adjusted for change in NAV per share for the applicable class over the calendar year (or such other applicable period).

Annual Total Return means, as further described in Section 8(a), the investment return provided to Stockholders, which shall be calculated independently for each class of Shares, and shall be equal to, for all such Shares outstanding during the calendar year (or such other applicable period), the sum of (i) Declared Distributions per Share over the calendar year (or such other applicable period) plus (ii) change in NAV per Share over the calendar year (or such other applicable period).

Examples of Annual Total Return in a sentence

• Upon a Liquidity Event other than a Listing, for purposes of determining the Annual Total Return Amount, the change in VPU shall be deemed to equal the difference between the Ending VPU as of the end of the prior calendar year and an amount equal to the consideration per Fund Interest received by holders of Fund Interests in connection with such Liquidity Event.

• Except as described in the definition of Loss Carryforward in this Agreement, any amount by which the Annual Total Return Amount falls below the Hurdle Amount will not be carried forward to subsequent periods.

• In connection with a Listing, for purposes of determining the Annual Total Return Amount, the change in VPU shall be deemed to equal the difference between the Ending VPU as of the end of the prior calendar year and an amount equal to the market value of the listed shares based upon the average closing price or, if the average closing price is not available, the average of the bid and asked prices, for the 30-day period beginning 90 days after such Listing.

• In such event, for purposes of determining the Annual Total Return Amount, the change in VPU shall be determined based on a good faith estimate of what the NAV Calculations would be as of that date.

• Except as described in the definition of Loss Carryforward Amount in this Agreement, any amount by which the Annual Total Return Amount falls below the Hurdle Amount will not be carried forward to subsequent periods.

• If the Performance Allocation is distributable pursuant to this Section 5.2(c), the Special OP Unitholders shall be entitled to such distribution even in the event that the total percentage return to OP Unitholders over any longer or shorter period, or the total percentage return to any particular OP Unitholder over the same, longer or shorter period, has been less than the Annual Total Return Amount used to calculate the Hurdle Amount.

• The effect of the Loss Carryforward Amount is that the recoupment of past Annual Total Return Amount losses will offset the positive Annual Total Return Amount for purposes of the calculation of the Performance Component.

• If the Performance Component is being calculated with respect to a year in which the Corporation completes a Liquidity Event, for purposes of determining the Annual Total Return Amount, the change in VPU shall be deemed to equal the difference between the Ending VPU as of the end of the prior calendar year and the value per OP Unit determined in connection with such Liquidity Event.

• The effect of the Loss Carryforward is that the recoupment of past Annual Total Return Amount losses will offset the positive Annual Total Return Amount for purposes of the calculation of the Performance Component.

• In such event, for purposes of determining the Annual Total Return Amount, the change in VPU shall be determined based on a good faith estimate of what the NAV Calculations would be as of the Termination Date; provided, that, if this Agreement is terminated with respect to a Liquidity Event, the Performance Component will be due and payable in connection with such Liquidity Event and the Annual Total Return Amount shall be calculated as set forth in Paragraph 9(a)(ii) above.

More Definitions of Annual Total Return

Annual Total Return. As further described in Section 10, the investment return provided to Stockholders, which shall be equal to, for all Shares outstanding during the period, (i) distributions paid per Share over the period adjusted for (ii) the change in NAV per Share over the period.

Annual Total Return. As further described in Section 10, the sum of (i) the amount, if any, by which NAV on the last Business Day of a calendar year exceeds NAV on the first business day of such calendar year, and (ii) all distributions that have been declared and accrued for purposes of calculating NAV during such calendar year, subject to pro-ration with respect to Shares outstanding for less than the full 12-month period based on NAV on the date of issuance (for newly issued Shares) and/or NAV on the date of redemption (for redeemed Shares).