Base Distribution definition

Base Distribution means an amount payable to holders of Series A Units at a rate of 8.0% per annum of the Subscription Price of such Units, which is non-cumulative after the Fiscal Year and non-interest bearing and non- interest bearing;

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

Base Distribution means an annual distribution per Series C-1 Partnership Preferred Unit equal to 8.5% of the Liquidation Preference per Series C-1 Partnership Preferred Unit.

Examples of Base Distribution in a sentence

• For the avoidance of doubt, any Collateral Asset that, as a result of any amendment or supplement thereto, ceases to qualify as an Eligible Collateral Asset shall not be included in the Borrowing Base, Distribution Borrowing Base or the EOD Borrowing Base.

• The record date for the payment of the Base Distribution will be the first day of the calendar month during which a Distribution Payment Date falls or such other record date, if any, as may be fixed by the Managing General Partner that is not more than 30 nor less than 10 days prior to such Distribution Payment Date.

• Notwithstanding the foregoing, in no event shall the Managing General Partner withhold pursuant to clause (ii) of this Section 15.2 any such amounts in respect of any Base Distribution or Excess Distribution to the Initial Holder, unless the Managing General Partner has given advance written notice (at least 10 days prior to withholding any amounts) to the Initial Holder that such certificate is required to be provided.

• The Net Available Cash of the Trust will be less than the amount of the Base Distribution and Additional Distribution received by the Trust.

• For greater certainty, the Net Available Cash of the Trust represents the amount of any Base Distribution and Additional Distribution received by the Trust, less the Administrative Expenses of the Trust, amounts contributed to the Trust’s working capital and redemption reserves at the discretion of the Administrator, and payment of any other costs, expenses, and taxes applicable to the Trust.

• For greater certainty, the Additional Distribution represents only the amount of any interest payments received by ▇▇▇▇ Road LP pursuant to the EWA Loan remaining after payment of the Base Distribution and the Administrative Expenses of ▇▇▇▇ Road LP.

• Any such Series C Preferred Unit Ratchet Distribution shall be in addition to and shall not reduce any Series C Preferred Unit Base Distribution, Series C Preferred Unit Special Distribution or Series C Preferred Unit Default Distribution for the applicable Series C Preferred Unit Distribution Period.

• Up to fifty percent (50%) of the Executive's Performance Bonus Distribution shall be based on the Company's Funds from Operations per share growth percentage (as defined below) ("FFO%") for the applicable calendar year, calculated according to the following formula: (FFO% - 10%) x 50% x Base Distribution ------------ (5%) In calculating the initial fraction above, in no event shall the fraction be less than zero or exceed one.

• Any such Series C Preferred Unit Default Distribution shall be in addition to and shall not reduce any Series C Preferred Unit Base Distribution, Series C Preferred Unit Ratchet Distribution or Series C Preferred Unit Special Distribution for the applicable Series C Preferred Unit Distribution Period.

• The aggregate Performance Bonus Distribution for a calendar year distributable in accordance with the provisions of this Section 3(b) shall in no event exceed 100% of the Base Distribution for such calendar year.

More Definitions of Base Distribution

Base Distribution means an annual distribution per Series E Partnership Preferred Unit equal to 8.5% of the Liquidation Preference per Series E Partnership Preferred Unit.

Base Distribution has the meaning ascribed thereto in Section 4.1.1.

Base Distribution means, for each Proven Claim, (i) 100% of the amount of the Proven Claim that is less than or equal to CDN$1000, plus (ii) 50% of the amount of the Proven Clam that is greater than CDN$1,000 and less than or equal to CDN$4,750;

Base Distribution means $8.50 per Series B Partnership Preferred Unit per annum.

Base Distribution. Section 5.24(b) “Base Shares” Section 1.5(b)