Preferred Return definition

Preferred Return. With respect to a Member, an amount equal to 7.5% per annum simple interest (prorated for any partial year) on the amount of such Member's Unrecovered Capital Contribution, from time to time, calculated from the date a Capital Contribution is made.
Preferred Return means any payment made or to be made on any Preferred Partnership Unit corresponding to any dividend paid or to be paid on the related series of preferred stock issued by the Company, in accordance with Section 4.3 hereof.
Preferred Return means either or both of the Class 1 Preferred Return, the MCG Preferred Return and/or the Supplemental Preferred Return, as the context requires.

Examples of Preferred Return in a sentence

  • As the owner of the Class B Interests, the Manager will also receive 20% of distributions available after the Members have received their Preferred Return, as defined in the Operating Agreement, annualized and paid quarterly.Future CompensationThe principals of our Manager have agreed to provide services to us without cash compensation until such time that we have sufficient earnings from our revenue.

  • Payment of such fee is subordinated to receipt by the Limited Partners of their 10% Current Preferred Return.


More Definitions of Preferred Return

Preferred Return means an amount equal to the Series A Original Issue Price, plus two percent (2%) per annum of the unreturned portion of the Series A Original Issue Price outstanding, calculated daily from the date each share of Series A Preferred Stock was issued (or if a share was issued upon the conversion of the company from its predecessor entity, then the issue date of the original security) until payment of the Preferred Return. Dividends shall be applied first to the 2% per annum and thereafter to the return of the Series A Original Issue Price.
Preferred Return. A Cumulative Return of five percent computed from the Closing Date through the date as of which such amount is being calculated.
Preferred Return with respect to each holder of Preferred Units means (A) during the period ending on the earlier of (1) a Sale of the Company or (2) the second anniversary of the date hereof, the greater of (i) 100% of the Net Income of the Company, excluding Net Income earned in connection with a Sale of the Company and (ii) an amount, accrued on a daily basis and, beginning July 1, 2001, compounded quarterly on January 1, April 1, July 1 and October 1 of each year, from the day on which such Unitholder makes a Capital Contribution in respect of Preferred Units through the date of distribution equal to 10% per annum of the excess, if any, of (z) such Unitholder's aggregate Capital Contribution in respect of Preferred Units plus the aggregate amount compounded pursuant to this definition through the end of the previous quarter on each day during such period over (y) the aggregate amount of all distributions made on or prior to such day to such Unitholder in respect of Preferred Units, and (B) following the earlier of (1) a Sale of the Company or (2) the second anniversary of the date hereof, an amount, accrued on a daily basis and, beginning July 1, 2001, compounded quarterly on April 1, July 1, October 1 and January 1 of each year, from the day on which such Unitholder makes a Capital Contribution in respect of Preferred Units through the date of distribution equal to 10% per annum of the excess, if any, of (z) such Unitholder's aggregate Capital Contribution in respect of Preferred Units plus the aggregate amount compounded pursuant to this definition through the end of the previous quarter on each day during such period over (y) the aggregate amount of all distributions made on or prior to such day to such Unitholder in respect of Preferred Units. For purposes of computing the Preferred Return, each Capital Contribution shall be treated as having been made on the last day of the calendar month in which such Capital Contribution is received by the Company (except for the Initial Capital Contribution, which shall be deemed to have been made on the date hereof), and distributions shall be deemed to have been made on the last day of the month in which they are made.
Preferred Return shall have the meaning provided in Section 5(a).
Preferred Return means, with respect to each Member, an amount calculated like interest and accrued on the balance standing from time to time in such Member’s Unrecovered Contribution Account at a simple interest rate equal to nine percent (9%) per annum, non-compounded, and determined on a cumulative basis. For financial and income tax reporting purposes, neither accrual nor payment of the Preferred Return shall be an expense of the Company nor be treated as a guaranteed payment under Section 707(c) of the Code.
Preferred Return means the receipt by the stockholders of the Company of (i) a Cumulative Non-Compound Return of 7% per year on such stockholders’ net investment, and (ii) the amount of such net investment.
Preferred Return means for each relevant period and each Series, an amount equal to a cumulative, non-compounded, preferred annual return based on the Preferred Return Rate on the aggregate Capital Contributions made by the Economic Members as of the last day of such period, determined by taking into account the dates on which all such Capital Contributions and distributions were made.