Unallocated Preferred Return means, with respect to a class or series of Preferred Units, the excess of the Preferred Return with respect to such class or series over the cumulative amount of allocations pursuant to Section 5.1(b)(i)(A) hereof with respect to such series.
Unallocated Preferred Return means, with respect to any Preferred Interest, (i) the Preferred Return with respect to that Preferred Interest, minus (ii) the cumulative amount of Profits allocated with respect to that Preferred Interest pursuant to Section 7.1(a)(2) of the LLC Agreement.
Unallocated Preferred Return means, with respect to each Partner, an amount equal to the excess of (i) all distributions made to that Partner with respect to the Preferred Return Account pursuant to Section 4.1 (a) of this Agreement (including distributions under Section 4.1 (a) by virtue of Section 12.3 (d) of this Agreement), over
Examples of Unallocated Preferred Return in a sentence
Third, any remaining Net Profits shall be allocated among the Partners who have an Unallocated Preferred Return, to the extent thereof, pro rata in proportion to their respective Unallocated Preferred Return balances.
More Definitions of Unallocated Preferred Return
Unallocated Preferred Return means the excess, if any, of (i) the cumulative Preferred Return over (ii) the aggregate amount of Profits or income allocated to Price LP pursuant to Sections 4.01(b) and 4.03 for all prior Allocation Years.
Unallocated Preferred Return means, with respect to any Member, that Member's Preferred Return minus the cumulative aggregate amount allocated to that Member under Section 7.1(a)(ii).
Unallocated Preferred Return means, with respect to a Member, the excess, if any of such Member's cumulative Preferred Return through the date of the calculation over the cumulative Net Profits and Net Profits From Capital Transactions allocated to such Member through such date pursuant to Sections 5.2(a)(i) and 5.2(d)(iii).
Unallocated Preferred Return means, with respect to any Partner, the excess, if any, of (A) the Preferred Amount with respect to such Partner over (B) the excess of aggregate Net Income previously allocated to such Partner pursuant to Sections 5.3(a)(ii) over the aggregate Net Losses previously allocated to such Partner pursuant to Sections 5.3(b)(ii).
Unallocated Preferred Return means with reference to any series of Preferred Limited Partner Interests issued by the Partnership, the excess of (a) the aggregate accumulated Preferred Return on such series of Preferred Limited Partner Interests (the "Accumulated Preferred Return"), over (b) the aggregate accumulated amount of Allocated Preferred Return on such series of Preferred Limited Partner Interests.
Unallocated Preferred Return means with respect to the Preferred Interest(s), if any, outstanding as of the determination date, an amount equal to the excess, if any, of (i) the Preferred Return accruing on such interest(s) (or portion thereof) for all
Unallocated Preferred Return. An amount determined for any Partner as of the date of any allocation of Net Profits pursuant to Section 7.1(a)(iii) hereof, equal to such Partner's Construction Period Preference (if any), OAI Land Contribution Return and Priority Return since the inception of the Partnership reduced (but not below zero) by the sum of (i) all Net Profit previously allocated to such Partner pursuant to Section 7.1(a)(iii) hereof; and (ii) any Net Profit allocated to such Partner pursuant to Section 7.1(a)(i) or Section 7.1(a)(ii) that is attributable to prior or current distributions to such Partner in satisfaction of such Partner's Construction Period Preference, Land Contribution Return or Priority Return.