Capital Distributions definition

Capital Distributions means, at any time of determination, the cumulative amounts of any distributions made pursuant to Section 9.1(B)(3) with respect to a Class A Unit from the Capital Transaction Account on or prior to such time. Any Class A Units issued pursuant to Section 7.11(C) or 7.12 shall be deemed to have received all Capital Distributions made with respect to the Class A Units issued in the Initial Offering.

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Capital Distributions means distributions made by OCGH in respect of the return of capital.

Capital Distributions means any payment made, liability incurred, or other consideration, including without limitation any stock dividend or stock split or similar distribution payable only in capital stock of a Borrower, given for the purchase, acquisition, redemption, or retirement of any capital stock of a Borrower or as a dividend, return of capital, or other distribution of any kind on any of a Borrower's capital stock outstanding at any time.

Examples of Capital Distributions in a sentence

Subject to the provisions of the LP Act and of such similar legislation in Canada and elsewhere as is applicable to the Partnership, the liability of the Limited Partner for the debts, liabilities and obligations of the Partnership will be limited to its Capital Contribution Balance and solely to the extent required by applicable law, the amount of any Capital Distributions received by it.
Borrowers’ use of the proceeds of the Loans shall be for working capital and other general corporate purposes of the Companies (including for capital expenditures and Acquisitions and Capital Distributions permitted hereunder), for the refinancing of existing Indebtedness (including the Existing Credit Agreement) and to pay fees, commissions and expenses in connection with this Agreement and the transactions contemplated hereunder.
No Company shall make or commit itself to make any Restricted Payment at any time, except that, the Companies may make Capital Distributions so long as (a) no Default or Event of Default shall then exist or, after giving pro forma effect to such payment, thereafter shall begin to exist, and (b) both immediately prior to and after giving pro forma effect to such payment, the Borrower is in compliance with the financial covenants pursuant to Section 5.7 hereof.
Second, net income or gain from a Liquidating Event or a Capital Event shall be allocated to the Members in an amount sufficient to ensure that if the Company were to then distribute all of its assets to the Members, the Members would receive total capital distributions, including prior Capital Distributions made, equal to the aggregate of their Capital Contributions.
No Company shall make or commit itself to make any Restricted Payment at any time, except that, if no Default or Event of Default shall then exist or, after giving pro forma effect to such payment, thereafter shall begin to exist, the Companies may make Capital Distributions.

More Definitions of Capital Distributions

Capital Distributions has the meaning set forth in Section 5.12(b)(ii)(B)(5).

Capital Distributions means the amount of Available Cash or property (valued at Fair Market Value) distributed to the Partners pursuant to Section 7.4.1(a);

Capital Distributions. Consolidated Capital Expenditures", "Consolidated Capital Expenditure Excess Amount", "Consolidated Intangible Assets", "Consolidated Net Operating Cash Flow", "Consolidated Tangible Net Worth", "MetLife Agreement" and "Store Construction Agreements".

Capital Distributions means (i) any “Realised Index Capital Payment” (which term shall mean any distribution to the Issuer which the Management Company notifies the Issuer as comprising a return of capital in respect of the Underlying), net of applicable withholding taxes (if any), plus (ii) any interest accrued to the date thereof on the Cash Component, less

Capital Distributions means a payment made, liability incurred or other consideration given as a dividend, return of capital (including, but not limited to, the purchase, redemption, retirement or other acquisition of (x) any capital stock of any class of the Borrower (other than for a consideration consisting solely of capital stock of the same class of the Borrower) or (y) any warrants, rights or options to acquire or any securities convertible into or exchangeable for any capital stock of the Borrower) or other distribution in respect of the Borrower’s capital stock or other equity interest, excluding dividends or distributions made solely in the form of capital stock of the Borrower.

Capital Distributions means an amount distributed to a Partner pursuant to Section 5.1(b)(iii).

Capital Distributions means distributions attributable to Net Capital Proceeds.