Class A Priority Return definition

Class A Priority Return. For purposes of this Agreement, the term Class A Priority Return shall mean that amount equal to the aggregate capital contributions made by all of the Members, plus five percent (5%). For example, if the Members have collectively contributed $3,500,000.00 of capital to Waitlist, the first $3,675,000.00 of Distributable Cash would be allocated to the Members (pro-rata amongst the Class); once the Class A Priority Return was met, every dollar of Net Profit would be allocated 50% to the Members and 50% to the Common Member.
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Class A Priority Return means, for each Class A Member, an amount equal to a cumulative, non-compounded return of six percent (6.0%) per annum on the amount of such Class A Member’s unreturned capital contribution, as determined from time to time.
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Class A Priority Return means an amount equal to the sum of (i) $202,229,407.69 and (ii) the Unpaid Priority Return (as defined in the LLC Agreement) through the Closing Date, determined in accordance with the LLC Agreement.
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Examples of Class A Priority Return in a sentence

  • Income shall be allocated pro rata to the Members in accordance with each Members’ respective holdings of Class A Shares until the Class A Priority Return (as defined in Section 11.6(d) below) has been paid in full, and thereafter shall be allocated fifty percent (50%) to the Members pro rata in accordance with their respective holdings and fifty percent (50%) to the Common Member.

  • Buyer will have delivered in accordance with Section 1.3 (i) to the Class A Seller the Class A Priority Return and (ii) to the Sellers the Estimated Closing Date Purchase Price.

  • Income shall be allocated pro rata to the Class A Members in accordance with each Class A Members’ respective holdings of Class A Units until the Class A Priority Return (as defined in Paragraph 11.6(d) below) has been paid in full, and thereafter shall be allocated fifty percent (50%) to the Class A Members pro rata in accordance with their respective holdings and fifty percent (50%) to the Common Member.


More Definitions of Class A Priority Return

Class A Priority Return. Shall have the meaning set forth in Section 9.1. CLASS B MANAGER - A Manager designated by the Class B Member. CLASS B MEMBERSHIP INTEREST - The Membership Interests designated as Class B Membership Interests of the Company outstanding at such time.
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