Minimum Amount Distributions Sample Clauses

Minimum Amount Distributions. First, in each year commencing with 1998, the limited partnership shall distribute to the Limited Partner cash in the amount equal to the Minimum Amount for that year. The Minimum Amount for 1998 shall be distributed as follows: (a) $10.725 million was loaned to Fund immediately prior to the execution and delivery of the Overall Agreement and in accordance with Section 11.2(b) thereof, and such amount shall be deemed a credit against the Minimum Amount as of the Effective Date, (b) one-half of the Minimum Amount for 1998 (i.e., $13,365,750) shall be distributed to the Limited Partner on the earlier of (i) seven days prior to the Tender Offer Expiration Date, or (ii) February 15, 1998, and (c) the balance of the Minimum Amount for 1998 (i.e., $2,640,750) shall be distributed to the Limited Partner no later than November 17, 1998. For each year after 1998, not less than one half of the Minimum Amount for such year shall be distributed to the Limited Partner no later than July 15 of that year and the balance of the Minimum Amount for such year shall be distributed to the Limited Partner no later than November 15 of that year; provided that, if -------- ---- such July 15 or November 15 is not a Business Day, the amount due on such July 15 or November 15 shall be paid on or before the next Business Day after such July 15 or November 15, as the case may be. If any of the property or assets owned by the limited partnership on the Effective Date of this Agreement (other than food, beverages, goods, inventory and other items typically held for sale in the ordinary course) are sold, cash in an amount equal to the sales proceeds shall be (i) distributed to the Limited Partner, (ii) credited against the Minimum Amount distribution for the year of such distribution and, if necessary, (iii) credited against the Minimum Amount distribution for the succeeding years, with the result that the aggregate amount of the Minimum Amount distribution for such years will not change.
Sample 1
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Minimum Amount Distributions. First, in each year commencing with 1997, the limited partnership shall distribute to the Limited Partner cash in the amount equal to the Minimum Amount for that year. One-half of the Minimum Amount for 1997 shall be distributed to the Limited Partner on the fifth Business Day after the date of this Agreement and the balance of the Minimum Amount for 1997 shall be distributed to the Limited Partner no later than November 17, 1997. For each year after 1997, not less than one-half of the Minimum Amount for such year shall be distributed to the Limited Partner no later than July 15 of that year and the balance of the Minimum Amount for such year shall be distributed to the Limited Partner no later than November 15 of that year; provided that, if such July 15 or -------- November 15 is not a Business Day, the amount due on such July 15 or November 15 shall be paid on or before the next Business Day after such July 15 or November 15, as the case may be. If any of the property or assets contributed to the limited partnership by the Limited Partner are sold, cash in an amount equal to the sales proceeds shall be (i) distributed to the Limited Partner, (ii) credited against the Minimum Amount distribution for the year of such distribution and, if necessary, (iii) credited against the Minimum Amount distribution for the succeeding years, with the result that the aggregate amount of the Minimum Amount distribution for such years will not change.
Sample 1

Related to Minimum Amount Distributions

  • Minimum Amounts (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

  • Quarterly Distributions On the Distribution Payment Date that follows each Distribution Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares as of the Record Date that preceded such Distribution Payment Date the Quarterly Distribution provided for under priority sixth of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares on such Record Date.

  • Pro Rata Distributions During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, that, to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

  • Minimum Amount No prepayment shall be required pursuant to Section 5.2(a)(i) (i) in the case of any Disposition yielding Net Cash Proceeds of less than $1,000,000 in the aggregate and (ii) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be applied at or prior to such time pursuant to such Section and not yet applied at or prior to such time to prepay Term Loans pursuant to such Section exceeds (x) $10,000,000 for a single Prepayment Event or (y) $50,000,000 in the aggregate for all Prepayment Events (other than those which are either under the threshold specified in subclause (i) or over the threshold specified in subclause (ii)(x)) in any one fiscal year, at which time all such Net Cash Proceeds referred to in this subclause (y) with respect to such fiscal year shall be applied as a prepayment in accordance with this Section 5.2.

  • Cash Flow Distributions The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.

  • Interest Distributions On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Final Distributions Section 8.01. Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.01 or 7.02 of this Supplement.

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