Current Return definition

Current Return means the minimum fair combined rate of return on common equity required for

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Current Return means the minimum fair combined rate of return on common equity required for any Current Proceeding by the limitation regarding a utility's peer group specified in subdivision 2 a.

Current Return means a non-cumulative, non-compounded return, equal to five percent (5.0%) per annum on Invested Capital.

Examples of Current Return in a sentence

• Purchasing Parties shall be responsible for remitting all Taxes due with any Current Return to the extent that the same are accrued on the Closing Date Balance Sheet and are taken into account in determining the Consolidated Net Book Value of RSD.

• In connection with the review of the Current Return, the Selling Parties shall cause the Selling Parties' Accountants to make all work papers available to the Purchasing Parties.

• Notwithstanding the foregoing or anything to the contrary herein, any indemnification set forth in this Agreement shall be fully subordinate to the Current Return and, to the fullest extent permitted by law, shall not constitute a claim against the Company in the event that the Company’s cash flow is insufficient to pay the Current Return.

• The Current Return may be paid in cash or additional shares of Class A Common Stock at the election of the Company.

• The Current Return and the Capital Return are together referred to in this Agreement as the "Return".

• The Selling Parties will be responsible for remitting all Taxes (including any interest and penalties) due with any Current Return to the extent that such Taxes exceed the amount accrued on the Closing Date Balance Sheet (each a "Tax Deficiency").

• The Members hereby acknowledge that the purpose of the Current Return Reserve is to supplement Net Cash Flow and Net Capital Proceeds to make Distributions to Preferred Member in accordance with this Agreement of all Monthly Payments in full when due hereunder.

• In addition to the Current Return, the Company may pay the Purchaser a further return (the "Capital Return") at the Trigger Points as set forth in this Article 4.

• The parties will cooperate in the preparation of each Current Return.

• For the period commencing at such time that the operation of the Property begins to generate revenue and ending at such time that the Current Return Reserve is released pursuant to Section 10.1 hereof, the Current Return shall be paid from Net Cash Flow and Net Capital Proceeds, as applicable.

More Definitions of Current Return

Current Return means a non-cumulative, non-compounded return, equal to five percent (5%) per annum on Invested Capital, paid on an aggregate basis from distributions from all sources.

Current Return means a noncumulative, noncompounded return, equal to 7% per annum on Invested Capital.

Current Return has the meaning set forth in the Red River Company Agreement.

Current Return means the minimum fair combined rate of return on common equity required for any Current Proceeding by

Current Return means a return accruing on the Net Preferred Equity Investment from and after the date hereof until repaid in accordance with this Agreement. The Current Return shall accrue on a daily basis and compound monthly, and be calculated by adding, for each day in the period for which the calculation is being made, an amount equal to the product of (i) the applicable Current Rate divided by three hundred sixty (360), multiplied by (ii) the Net Preferred Equity Investment as of such date. The determination of the Current Return shall be definitively calculated in good faith by the Preferred Member, who shall provide notice thereof, in reasonable detail, to the Company promptly upon completion of such calculation.