Series B Allocated Preferred Return definition

Series B Allocated Preferred Return means the Allocated Preferred Return on the Series B Preferred Interests, consisting of the aggregate accumulated Net Profits that are allocated with respect to Series B Preferred Returns as provided in Section 3(b) hereof and to be paid as provided in Section 4 hereof by the issuance of additional Series B Preferred Interests.
View Source

Examples of Series B Allocated Preferred Return in a sentence

  • The Series B Preferred Interests issued in payment of the Series B Allocated Preferred Return shall be entitled to receive a Series B Preferred Return from the date of their issuance.

  • Solely for purposes of determining such Series B Preferred Return, the stated amount of any Series B Preferred Interests previously issued in payment of Series B Allocated Preferred Return shall be considered as a Series B Preferred Limited Partner Contribution made at the time such Series B Preferred Interests were issued in payment of Series B Allocated Preferred Return.

  • Except as provided in Sections 6 and 9, the Partnership shall not pay the Series B Allocated Preferred Return on Series B Preferred Interests in cash, but instead such Series B Allocated Preferred Return shall be paid by the issuance of additional Series B Preferred Interests in a stated amount equal to the Unpaid Series B Preferred Return.

  • Such Series B Allocated Preferred Return shall be paid as of each June 30 and December 31.

  • Except for the Optional Redemption provided for in Section 9, the Series B Preferred Interests, together with any Series B Allocated Preferred Return that has not yet been paid by the issuance of additional Series B Preferred Interests as provided in Section 4 hereof, are payable in cash only upon dissolution of the Partnership.