FC Preferred Return definition
FC Preferred Return means a sum equal to ten percent (10%) per annum, determined on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days occurring in the period for which the FC Preferred Return is being determined cumulative and compounded to the extent not distributed in any Fiscal Year pursuant to Section 5.1(a) or Section 12.2(c) of the average daily balance of the FC Unreturned Priority Contribution, commencing on the date FC first makes the FC Priority Contribution.
Examples of FC Preferred Return in a sentence
First, to FC an amount equal to the FC Unreturned Priority Contribution and the unpaid FC Preferred Return; ii.