Examples of Preferred Return in a sentence
The Incentive Shares are subject to the Preferred Return being achieved, which is a market performance condition, and as such has been taken into consideration in determining their fair value.
When distributions are made, Members will receive the first dollars of Distributions from the previous month (as determined by the Manager) until they have received their Preferred Return.
No interest shall be paid to any Member on any Capital Contributions (without limiting in any respect the accrual of the Preferred Return on the Liquidation Preference of the Preferred Interests as further set forth herein).
Such returned Capital Contributions shall not be considered as having been contributed or distributed in calculating the Shareholders’ Preferred Return or the Special Shareholder’s Carried Interest.
Table 2 below reflects this back-dating and represents the cash flows and timing from which we will calculate Preferred Return.