Preferred Yield definition

Preferred Yield means a yield on the outstanding preferred units equivalent to a 10% per annum interest rate (subject to adjustment following certain events of default by the partnership) on an initial investment of $1,000, calculated based on a 365-day year and compounded quarterly.

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Preferred Yield means, for any Preferred Unit at any time, the amount accrued as of such time in respect of such Preferred Unit (commencing with respect to such Preferred Unit on the date the Company issues or issued such Preferred Unit) at a rate of 20.0% per annum, compounded semi-annually, on the sum of (a) the Preferred Unreturned Capital Value from time to time for such Preferred Unit through such time and (b) the Preferred Unpaid Yield from time to time on such Preferred Unit accumulated for all prior semi-annual compounding periods.

Examples of Preferred Yield in a sentence

For purposes of clarity, the Unpaid Series A Preferred Yield shall continue to accrue at the Yield Rate on each outstanding Series A Preferred Unit until redeemed.
Upon any such conversion, no adjustment to the Conversion Rate shall be made for Unpaid Series A Preferred Yield on the Series A Preferred Units surrendered for conversion or any unpaid distributions on the Common Units or Subordinated Units delivered pursuant thereto.
Computer Equipment and Proceeds 11-5-93 93223327 Capital Preferred Yield Fund - II, L.P. Specific Equipment and Proceeds 4-7-94 93234553 Avnet Computer Technologies, Inc.
The Series A Preferred Unitholder shall remain entitled to receive his Unpaid Series A Preferred Yield accrued through the date prior to the Conversion Date, the Partnership shall pay such amount to such holder promptly following receipt of the Conversion Notice, and any such payment shall be treated as a distribution to such Series A Preferred Unitholder for purposes of maintaining Capital Accounts.
The chief financial officer shall keep or cause to be kept at the principal executive office of the Company a record of Members showing (i) the names of the Members and their addresses, (ii) their respective initial and all their respective subsequent Capital Contributions, (and ) their respective Unpaid Preferred Yield, Unrecovered Preferred Contributions, Percentage Interests and Preferred Percentage Interests, as they may vary from time to time.

More Definitions of Preferred Yield

Preferred Yield. The yield on the Senior Preferred Equity (" Senior Preferred Yield") will accrue and be payable monthly, in arrears, at the annual rate of LIBOR, reset two (2) Business Days prior to each Payment Date, plus 500 basis points. The yield on the Junior Preferred Equity (" Junior Preferred Yield") will accrue and be payable monthly, in arrears, at the annual rate of LIBOR, reset two (2) Business Days prior to each Payment Date, plus 700 basis points. Preferred Yield will be calculated on an actual/360 day basis.

Preferred Yield has the meaning ascribed to such term in the LLC --------------- Agreement.

Preferred Yield has the meaning ascribed to such term in the LLC Agreement.

Preferred Yield shall have the meaning set forth in Section 9.2(i)(i).

Preferred Yield means, for any Class A Preferred Unit at any time, the amount accrued as of such time in respect of such Class A Preferred Unit (commencing with respect to such Class A Preferred Unit on the date the Company issues or issued such Class A Preferred Unit) at a rate of 10% per annum, compounded annually, on the sum of (a) the Preferred Unreturned Capital Value from time to time for such Class A Preferred Unit through such time and (b) the Preferred Unpaid Yield from time to time on such Class A Preferred Unit accumulated for all prior annual compounding periods.

Preferred Yield means, with respect to each Preferred Unit, the amount accruing on such Preferred Unit on a daily basis, at the rate of 10% per annum, compounded annually on the last day of each July, on (a) the Unreturned Capital of such Preferred Unit plus (b) Unpaid Preferred Yield thereon for all prior periods. Notwithstanding the foregoing, with respect to a Preferred Unit issued in exchange for a share of Preferred Stock, for purposes of calculating the Preferred Yield with respect to the period ending July 31, 2005 on such Preferred Unit, the Unreturned Capital of such Preferred Unit shall be reduced by an amount equal to the dividends which had accrued on such share of Preferred Stock for the period from August 1, 2004 to the date prior to the contribution of such share of Preferred Stock to the capital of the LLC, it being understood that (i) for all other purposes the Unreturned Capital of such Preferred Unit shall not be reduced by such amount and (ii) the purpose of this sentence is to synchronize and equalize the compounding of dividends on such share of Preferred Stock with the compounding of Preferred Yield on such Preferred Unit, so that at July 31, 2005 the sum of the liquidation preference and accrued dividends on such share of Preferred Stock will equal the sum of the Unreturned Capital and Unpaid Preferred Yield on such Preferred Unit. In calculating the amount of any Distribution to be made during a period, a Preferred Unit’s Preferred Yield for such portion of such period elapsing before such Distribution is made shall be included as part of such Unit’s Preferred Yield.

Preferred Yield means, with respect to each Preferred Unit, the amount accruing on such Preferred Unit on a daily basis, at the rate of 10% per annum, compounded on the last day of June and December of each year, on (a) the Unreturned Preferred Capital of such Preferred Unit plus (b) Unpaid Preferred Yield thereon, for all prior semi-annual periods. In calculating the amount of any Distribution to be made during a period, the portion of a Preferred Unit’s Preferred Yield for such portion of such period elapsing before such Distribution is made shall be taken into account.