DEFAULT PREFERRED RETURN

Example Definitions of "DEFAULT PREFERRED RETURN"
DEFAULT PREFERRED RETURN. A variable rate per annum equal to the highest "prime rate" as published from time to time by the Wall Street Journal (or a comparable publication if it is no longer being published) plus 8%, compounded annually, but in no event greater than is permitted by applicable law. 3 10
Found in EQUITY OFFICE PROPERTIES TRUST contract
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