Class A Preferred Return definition

Class A Preferred Return means, with respect to each Class A Member, an amount calculated like simple interest and accrued each day at a rate equal to nine percent (9.0%) per annum (computed on the basis of a 360-day year of twelve 30-day months), on the average daily balance of the aggregate amount of that Class A Member’s Unreturned Capital Contributions commencing on the Closing Date.

Class A Preferred Return is an amount equal to eight percent (8%) per annum of the total amount of unreturned Capital Contributions (including reinvested Net Income) from the inception date of a Member’s initial Capital Contribution.

Class A Preferred Return means, for any Class A Member and as of any date, the amount, if any that would be required to be distributed on such date so that the aggregate distributions to such Member provide a cumulative, non-compounded return equal to eight percent (8%) percent per annum for Class A Members of such Member’s Invested Capital Contribution. The Preferred Return will begin to accrue thirty (30) days after the date of the Initial Closing.

Examples of Class A Preferred Return in a sentence

• Commencement within one month of placement of P.O. with the following supplies :Sr. No.Sizes (mm)Qty.

• In addition to the didactic training at each session, 5 total cases were discussed with participants.

• The Class A Preferred Return Rate is subject to reset as provided herein on each Class A Reset Date.

• During the period commencing ninety (90) days and ending forty-five (45) days prior to a Class A Reset Date (the “Consultation Period”), the Company and the Class A Limited Members shall consult with one another (and the Administrative Agent (if any) shall coordinate such consultation) to determine whether the Company and the Class A Limited Members are able to agree upon a Class A Preferred Return Rate for the Class A Reset Period commencing on such Class A Reset Date.

• In the event the Company and all of such holders of Class A Limited Membership Interests reach agreement at least forty-five (45) days before such Class A Reset Date, the Class A Preferred Return Rate will be reset on the Class A Reset Date to the amount so agreed and will remain in effect until the next Class A Reset Date.

More Definitions of Class A Preferred Return

Class A Preferred Return of a Class A Member means (subject to Section 7.2(d)) an amount such that, as of the date of any distribution, such Class A Member has received a compounded return of twelve percent (12%) with respect to such Class A Member’s Unreturned Investment since the date of such Class A Member’s Capital Contribution.

Class A Preferred Return is defined in Section 6.4(a).

Class A Preferred Return means, with respect to any Legacy Class A Stockholder, as of any date of determination, a cumulative return of five percent (5%) per annum on the amount of the Unrecovered Capital balance of such Legacy Class A Stockholder (as it may be adjusted from time to time) during the period from each date that such Legacy Class A Stockholder or its predecessor in interest (as applicable) made a Capital Contribution accrued through such date, compounded annually.

Class A Preferred Return has the meaning set forth in Section 16.04(a) hereof.

Class A Preferred Return means an amount, either paid in cash or accrued (at the sole discretion of the Executive Committee), which is equal to: in the case of Mobil, nine and one-half percent (9.5%), and in the case of the Cxxxxxxx Partners, eight percent (8%), in each case per annum, on an amount equal to the sum of (i) such Partner’s Unrecovered Capital on such Class A Preferred Partnership Interest, (ii) the Contributed Preferred Return, and (iii) any accrued Class A Preferred Return in excess of the cumulative amounts distributed pursuant to Section 5.1.2(b), for the actual number of days for which the Class A Preferred Return is being determined, cumulative and compounded semi-annually and based on the actual dates of adjustments to Unrecovered Capital and Preferred Capital Contributions to, and Section 5.1.2(b) distributions from, the Partnership. The amount of any accrued but unpaid Class A Preferred Return shall continue to accrue at the Class A Preferred Return rate until paid in cash. Accordingly, the Class A Preferred Return shall be calculated beginning on the Effective Date on the sum of the Unrecovered Capital attributable to the Class A Preferred Partnership Interests plus the Contributed Preferred Return.

Class A Preferred Return means a priority distribution of distributable cash flow and profit to Class A Units equal to 9% per annum of such Class A Unit Holder’s Capital Account Balance. The Class A Preferred Return shall be cumulative to the extent not paid and shall not be compounded. In liquidation preference, Class A Preferred Return is subordinate to the payment of accrued and unpaid Class B Preferred Return.

Class A Preferred Return means, with respect to each Class A Preferred Unit, an amount accruing on a daily basis at the rate of 11% per annum and compounding annually on the last day of each calendar year on the Class A Preferred Original Issue Price. For the avoidance of doubt, the amount of the Class A Preferred Return shall not be reduced by any Distributions.