LP Return definition

LP Return means, with regard to any Limited Partner, an amount equal to the aggregate cash dividends that would have been payable to such Limited Partner with respect to the applicable fiscal period if such Limited Partner had owned REIT Shares equal in number to the number of Partnership Units owned by such Limited Partner during such fiscal period.
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LP Return means with regard to any fiscal period of the Partnership, a cash amount equal in value to the aggregate cash dividends that would have been payable to the Limited Partners in the event that the Limited Partners owned Shares equal in number to the Share Consideration during such entire fiscal period of the Partnership.
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LP Return has the meaning ascribed to that term in Section 10.03.
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Examples of LP Return in a sentence

  • For purposes hereof, any distribution made by the Partnership with respect to the Series A LP Return of the holders of the Series A Preferred Units upon or prior to the sixtieth (60th) day following the end of any Partnership Year shall be treated as if such distribution were made during such Partnership Year.

  • Subject to the rights of holders of Senior Preferred Units and Parity Preferred Units as to the payment of distributions, pursuant to Sections 5.1 and 13.2 hereof, holders of Series A Preferred Units shall be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions equal to the Series A Preferred LP Return (“Series A Preferred Distributions”).

  • The amount repaid in excess of the principal amount of the Loan, to the extent not expended by the Partnership or reserved by the Partnership for Partnership expenses and liabilities, will be distributed to the Partners (pro rata in accordance with their aggregate capital contributions to date) until each Partner has received its LP Return with respect to its capital contributions associated with such repaid Loan.

  • If the exercise of the Put Right or Call Right entitles a Limited Partner to any dividend on Shares owned or deemed owned by such Limited Partner on or after the record date for such dividend, the distributions pursuant to this Article V with respect to any Unpaid LP Return to which a Limited Partner would otherwise be entitled for the period including such record date shall be offset (and the LP Return reduced) by any such dividend to which such Limited Partner is entitled.

Related to LP Return

  • Nil Return has the meaning given to it in paragraph 3.3 of Framework Schedule 9 (Management Information);

  • Preferred Return has the meaning specified in the Company LLC Agreement.

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

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.