Cumulative Return means a cumulative, non-compounded return equal to 8% per annum on Invested Capital commencing upon acceptance by the Company of an investor's subscription.
Cumulative Return. For the period for which the calculation is being made, the percentage resulting from dividing (A) the total Distributions for such period (not including Distributions out of Cash from Sales and Financings), by (B) the product of (i) either (x) until such time as CPA: 17 has invested 90% of the net proceeds of CPA: 17’s initial Offering (excluding net proceeds from the sale of Shares pursuant to CPA: 17’s distribution reinvestment program), the average Adjusted Investor Capital for such period (calculated on a daily basis) or (y) from and after such time as CPA: 17 has invested 90% of the net proceeds of CPA: 17’s initial Offering (excluding net proceeds from the sale of Shares pursuant to CPA: 17’s distribution reinvestment program), the net proceeds from the sale of Shares (excluding net proceeds from the sale of Shares pursuant to CPA: 17’s distribution reinvestment program), as adjusted for Redemptions other than Redemptions intended to qualify as a liquidity event for purposes of this Agreement, and by any other Distributions on or prior to such date determined by the Board to be from Cash from Sales and Financings, and (ii) the number of years (including fractions thereof) elapsed during such period. Notwithstanding the foregoing, neither the Shares received by the Advisor or its Affiliates for any consideration other than cash, nor the Distributions in respect of such Shares, shall be included in the foregoing calculation. “Development Fee.” A fee for the packaging of a Property including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the specific Property, either initially or at a later date.
Cumulative Return. For the period for which the calculation is being made, the percentage resulting from dividing (A) the total Distributions for such period (not including Distributions out of Cash from Sales and Financings), by (B) the product of (i) the average Adjusted Investor Capital for such period (calculated on a daily basis), and (ii) the number of years (including fractions thereof) elapsed during such period. Notwithstanding the foregoing, neither the Shares received by the Advisor or its Affiliates for any consideration other than cash, nor the Distributions in respect of such Shares, shall be included in the foregoing calculation. "Development Fee." A fee for the packaging of a Property including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the specific Property, either initially or at a later date.
Examples of Cumulative Return in a sentence
A Cumulative Return of six percent computed from the Initial Closing Date through the date as of which such amount is being calculated.
The Subordinated Disposition Fee will be paid only if Shareholders have received a return of 100% of Initial Investor Capital (through liquidity or distributions) plus an annual Cumulative Return of six percent from the date shares were purchased from the Company through the date payment is made.
The Subordinated Incentive Fee shall be payable to the Advisor in an amount equal to 15% of Cash from Sales and Financings distributed to the Shareholders after the Shareholders have received a return of 100% of Initial Investor Capital (through liquidity or distributions) plus an annual Cumulative Return of six percent from the date shares were purchased from the Company through date payment is made.
The return requirement will be deemed satisfied if the total distributions paid by CPA(R):15 satisfy the six percent annual Cumulative Return requirement and the market value of CPA(R):15 equals or exceeds 100% of the capital raised by CPA(R):15 (less any amounts distributed from the sale of refinancing of any property).
The return requirement will be deemed satisfied if the total distributions paid by CPA(R):16 - Global satisfy the six percent annual Cumulative Return requirement and the market value of CPA(R):16 - Global equals or exceeds 100% of the capital raised by CPA(R):16 - Global (less any amounts distributed from the sale of refinancing of any property).
More Definitions of Cumulative Return
Cumulative Return. For the period for which the calculation is being made, the percentage resulting from dividing (A) the total Distributions for such period (not including Distributions out of Cash from Sales and Financings), by (B) the product of (i) the average Adjusted Investor Capital for such period (calculated on a daily basis), and (ii) the number of years (including fractions thereof) elapsed during such period. Notwithstanding the foregoing, neither the Shares received by the Advisor or its Affiliates for any consideration other than cash, nor the Distributions in respect of such Shares, shall be included in the foregoing calculation.
Cumulative Return means the cumulative, non-compounded annual return equal to 10% of the Adjusted Capital Balance of each Unitholder commencing on the closing date of the sale of the Units to such Unitholder. The Cumulative Return shall be determined on an annual basis, according to the fiscal year of the Partnership. At the time of a Sale or Refinancing, if any portion of the Cumulative Return of a Unitholder has not been paid from Net Cash Flow, such unpaid portion will be added to the Unitholder's priority distribution from the Net Proceeds of Sale or Refinancing, all as more fully set forth in Article IV.
Cumulative Return means the cumulative, non-compounded annual return equal to 10% of the Adjusted Capital Balance of each Unitholder commencing on the closing date of the sale of the Units to such Unitholder. The Cumulative Return shall be determined on an annual basis, according to the fiscal year of the Partnership. At the time of a Sale or Refinancing, if any portion of the Cumulative Return of a Unitholder has not been paid from Net Cash Flow, such unpaid portion will be added to the Unitholder's priority distribution from the Net Proceeds of Sale or Refinancing, all as more fully set forth in Article IV. "Deferred Land Payment" means the $200,000 payment with respect to the acquisition of the land for each of Property I and Property II as more fully set forth in the Prospectus (and compound interest accruing thereon at a per annum rate of 9.5%) that has been deferred under the Land Acquisition Agreements pertaining to Property I and Property II and which will be paid to Bench- mark Homes, Inc. xxom the Net Proceeds of Sale or Refinancing, all as more fully set forth in Article IV. "Development Agreements" means those certain agreements entered into by the Partnership and Benchmark Homes, Inc. pursuant to which Benchmark Homes, Inc. will construct the Properties for and on behalf of the Partnership. "Development General Partner" means Benchmark Equities, Inc., or any Person who is designated as a Development General Partner in the Schedule at the time of reference thereto. "Entity" means any general partnership, limited partnership, corporation, joint venture, trust, estate, business trust, cooperative, association or other legal form of organization. "Escrow Agent" means Mercantile-Safe Deposit & Trust Company, or such other escrow agent chosen by the General Partners to hold funds from Persons who have subscribed to become Unitholders pending the assignment of Assignee Interests to them.
Cumulative Return means for the period for which the calculation is being made, the percentage resulting from dividing (i) the total Dividends paid on each Dividend payment date during such period (not including Dividends paid out of Cash from Financings and Cash from Sales), by (ii) the product of (a) the average Adjusted Investor Capital for such period (calculated on a daily basis), and (b) the number of years (including fractions thereof) elapsed during such period.
Cumulative Return means, as to any Limited Partner, an amount equal to an 8.5% annual (0.66667% monthly) cumulative return on the Limited Partner’s Adjusted Capital Contribution (without reduction for any distribution made or to be made to the Limited Partner on the date of calculation) calculated from a date not later than the last day of the calendar quarter in which the Capital Contribution of the Limited Partner as to which the Cumulative Return is being calculated was made.
Cumulative Return means a return equal to twelve percent (12%) per annum of the Invested Capital of the class comprised of the Limited Partners calculated from the initial closing of the sale of Units through the most recent fiscal year completed prior to the transaction giving rise to the computation. In calculating whether the Cumulative Return has been satisfied, only distributions by the Partnership of cash will be considered and no credit will be given for tax benefits allocated to the Limited Partners.
Cumulative Return means an amount equal to a 12% cumulative annual return, compounded daily, on an Investor's Adjusted Capital Balance, less any Distributable Cash and any Net Disposition Proceeds distributed to such Investor in respect of the Cumulative Return pursuant to Sections 4.2A(i), 4.3A(i) and 4.3D. Calculation of the Cumulative Return shall commence as of the earlier of (i) the final closing for the sale of Units or (ii) March 31, 1990. "Distributable Cash" means, with respect to any fiscal period, the excess, if any, of (i) all cash funds derived from the operations of the Partnership during such period, including the yield from the Interim Investments and excess cash reserves deemed distributable by the General Partner pursuant to Section 5.6G hereof but excluding receipts from the sale, exchange or other disposition of Equipment (including insurance proceeds or lease indemnity payments arising from the loss or destruction of Equipment), Warrants and Warrant Stock, or other Partnership property, over (ii) all cash disbursed in the operations of the Partnership during such period, including cash used to pay, or establish reasonable reserves for, operating expenses, fees (including Equipment and Lease Management Fees and Equipment Re-leasing Fees), commissions, debt service and loan repayments, contingencies and anticipated obligations, except to the extent any such payment is made out of reserves set aside for such purpose. Distributable Cash shall not include amounts distributed or to be distributed under Section 4.2 hereof. "Due Diligence Expense Reimbursement Fee" means the fee equal to 1.0% of the Gross Proceeds of the Offering allowed to the Selling Agent, which may be reallowed to Soliciting Dealers, for advisory services, due diligence activities and the reimbursement of expenses. "Entity" means any general partnership, limited partnership, corporation, joint venture, trust, estate, business trust, cooperative, association or other legal form of organization. "Equipment" means any equipment and related tangible personal property and any interest therein, whether held directly or indirectly through a nominee, trust or otherwise. "Equipment and Lease Management Fee" means the fee payable to the Manager in accordance with the terms of the Management Agreement and Section 9.2A(vi) hereof for its services in managing the leasing, financing and refinancing of the Equipment. "Equipment Re-Leasing Fee" means the fee payable to the Manager in accordance with the te...