Common Unit Yield definition

Common Unit Yield means an amount, expressed as a percentage and calculated as of the date of a Capital Call (as defined in and pursuant to the Standby Equity Commitment Agreement), equal to the quotient of (i) the product of (a) an amount equal to the quarterly distribution most recently paid by the Partnership on its Common Units multiplied by (b) four, divided by (ii) an amount equal to 100% of the VWAP for the 20 Trading Day period ending on the date immediately prior to the date of the applicable Capital Call.
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Common Unit Yield means, with respect to each Common Unit, the amount accruing on a daily basis, bearing interest at eight percent (8%) per annum, compounded annually, on (A) the Unreturned Capital of such Common Unit (if any) plus (B) the Common Unit Unpaid Yield thereon (if any). In calculating the amount of any distribution to be made during a period pursuant to this Section ‎8, the portion of the Common Unit Yield with respect to each Common Unit for the portion of the calendar-quarter period elapsing before such distribution is made shall be taken into account in determining the amount of such distribution.
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Examples of Common Unit Yield in a sentence

  • Except with respect to the Preferred Yield for each Member owning Preferred Units and the Additional Common Unit Yield for each Member owning Additional Common Units, no Member shall be entitled to interest on any Capital Contribution to the Company or on the balance of such Member’s Capital Account.

Related to Common Unit Yield

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.