Quarterly Preference Amount definition

Quarterly Preference Amount with respect to a Partner for a calendar quarter means the product of (i) 1.75%, and (ii) the positive amount, if any, by which (A) the sum of the amount of cash and the initial Carrying Value of any assets contributed to the Partnership by such Partner pursuant to Section 4.1 or Section 4.3 hereof on or before the last day of such quarter, less the liabilities of the Partner assumed by the Partnership in connection with any such contribution, plus the aggregate Quarterly Preference Amount with respect to such Partner for all calendar quarters preceding such quarter, exceeds (B) the aggregate amount of cash distributions, and the aggregate value of property distributions, received by such Partner from the Partnership pursuant to Section 4.4, Section 9.3 or Section 9.4 hereof on or before the last day of such quarter; provided, however, that appropriate adjustment shall be made to the calculation of a Partner’s Quarterly Preference Amount to reflect contributions of cash or property, and/or distributions of cash or property, occurring during the calendar quarter for which such Quarterly Preference Amount is being determined.
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Quarterly Preference Amount. The Quarterly Preference Amount for each Partner shall be determined with respect to each Fiscal Quarter as of the close of such Fiscal Quarter and shall equal the product of (i) one and ninety-four hundredths percent (1.94%) multiplied by (ii) the sum of (1) the daily weighted average of the Unreturned Capital Amount for such Partner for such Fiscal Quarter and (2) the daily weighted average of the Unreturned Total Preference Amount for such Partner for such Fiscal Quarter (for the avoidance of doubt, excluding, for the purposes of such calculation, the Quarterly Preference Amount for such Fiscal Quarter); provided, however, that for the first and last Fiscal Quarters of the Partnership the Quarterly Preference Amount shall be reduced based upon the ratio that the number of days in each such Fiscal Quarter bears to ninety (90).
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Quarterly Preference Amount shall have the meaning set forth in Section 4.2(k).
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Related to Quarterly Preference Amount

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

  • Reference Amount means, for each share of Mandatory Convertible Preferred Stock, an amount equal to the sum of the following amounts:

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preference Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to (a) increase by the per Series B Preference Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared) and (b) decrease upon a distribution in connection with a Liquidation Event described in Section 17.4 which does not result in payment in full of the liquidation preference of such Series B Preference Unit.