Additional Distribution definition

Additional Distribution means, with respect to any taxation year of the Fund, the amount, if any, by which the aggregate of the Net Income and Net Realized Capital Gains less any Net Realized Capital Gains the tax on which would be refundable to the Fund in the current year under Part I of the Income Tax Act for such taxation year exceeds the aggregate of the Distributions paid or payable by the Fund to Unitholders for such taxation year.

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Additional Distribution has the meaning specified in Section 4.01(c).

Additional Distribution means, with respect to any taxation year of each of the Brompton ETFs, the amount, if any, by which the aggregate of the Net Income and Net Realized Capital Gains, less any Net Realized Capital Gains (the tax on which would be refundable to the applicable Brompton ETF in respect of the current year under Part I of the Tax Act for such taxation year) exceeds the aggregate of the Distributions paid or payable by such Brompton ETFs to Unitholders for such taxation year.

Examples of Additional Distribution in a sentence

• Such payment shall be made by the Company on the next Interest Payment Date to Holders as of the close of business on the Interest Record Date for such Interest Payment Date, unless the Regular Cash Dividend is paid by the applicable Reference Company to its stockholders after such Interest Record Date, in which case the Additional Distribution will be payable on the next subsequent Interest Payment Date to Holders as of the close of business on the Interest Record Date therefor.

• Additional Distributions to be made after Debentures have been called for redemption and on or before the applicable Redemption Date will be payable to the Holders as of the record date for such Additional Distribution.

• At or prior to 10:00 a.m., New York City time, on the date of payment of an Extraordinary Additional Distribution pursuant to this Section 2.05, the Company shall deposit with the Trustee or with a Paying Agent the amount of such Extraordinary Additional Distribution, in cash, required to be paid on such date.

• The Person in whose name any Debenture (or its Predecessor Debenture) is registered on the Debenture Register at the close of business on any Interest Record Date with respect to any Interest Payment Date shall be entitled to receive the interest and any Additional Distribution payable on such Interest Payment Date.

• If and to the extent the Company estimates the amount of an Additional Distribution and thereafter obtains more definitive information on which to calculate the amount of such Additional Distribution, the Company shall true up the amount of such estimated Additional Distribution and pay any shortfall to the Holders as of the applicable record date (as provided below in this Section 2.05) related to the date on which such estimated Additional Distribution was initially payable or paid, as the case may be.

More Definitions of Additional Distribution

Additional Distribution means any distribution to Holders of the Debentures made pursuant to Section 206 in respect of a Reference Share Distribution.

Additional Distribution means a distribution that, if necessary, will be made in each year to Unitholders of record on December 31 in order that the Fund will generally not be liable to pay income tax, as described under “Distribution Policy”.

Additional Distribution means any distribution to Holders of the Debentures made pursuant to Section 206 as a result of a Reference Share Distribution.

Additional Distribution has the meaning ascribed thereto under “Item 2.2.7 - Flow of Funds from the Registered Individual LPs to the Trust”;

Additional Distribution means any distribution to Holders made pursuant to Section 2.05 in respect of a Reference Share Distribution.

Additional Distribution shall have the meaning set forth in Section 2(e) hereof.

Additional Distribution means a distribution that, if necessary, will be made in each year to Unitholders of record on the last day of the Fund’s taxation year in order that the Fund will generally not be liable to pay income tax, as described under “Distributions”.