Class B Distribution definition

Class B Distribution means with respect to Opportunity Partnership III, any distribution to the Company pursuant to Section 5.04(D) or Section 5.05(C)(4) of the Agreement of Limited Partnership of Opportunity Partnership III (the "Opportunity Partnership III Agreement") to the extent such distribution is determined in accordance with ZML REIT III's Table 2.14 Amount as set forth in Section 2.14 of the Opportunity Partnership III Agreement.
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Class B Distribution means the amount distributable annually to the Class B Unitholders in respect of their Class B Units, calculated as follows:
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Class B Distribution has the meaning assigned to such term in the Class B Unit Supplement.
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Examples of Class B Distribution in a sentence

  • The Trust will also remit to the Distributor (or its designee or transferee), in addition to the Class B Distribution Fee, any contingent deferred sales charges imposed on redemptions or repurchases of Class B shares, in accordance with the Remittance Agreement attached hereto as Exhibit B.

  • The Class B Distribution Fee shall be accrued daily and paid monthly to the Distributor (or, at its direction, to its designee or transferee) as soon as practicable after the end of the calendar month in which it accrues, but in any event within five business days following the last day of the month.

  • Prior to the close of business on the third Business Day preceding each Distribution Date, the Master Servicer shall furnish a statement to the Trustee, any Paying Agent and the Seller (the information in such statement to be made available to Certificateholders by the Master Servicer on written request) setting forth the Class A Distribution Amount with respect to each Class of Class A Certificates and the Class B Distribution Amount with respect to each Class of Class B Certificates.

  • The compensation provided in the Class B Distribution Plan applicable to Class B Shares (the "Class B Plan") is divided into a distribution fee and a service fee, each of which fees is in compensation for different services to be rendered to the Fund.

  • Except as provided in the preceding paragraph, the Trust's obligation on behalf of the Series to pay the Class B Distribution Fee to the Distributor shall be absolute and unconditional and shall not be subject to any dispute, offset, counterclaim or defense whatsoever.

  • The obligation of the Trust on behalf of the Series to pay the Distributor the Class B Distribution Fee shall terminate upon a Complete Termination.

  • Notwithstanding anything to the contrary herein, the Distributor shall be paid the Class B Distribution Fee regardless of the Distributor's termination as principal underwriter of the Series shares of the Trust, or any termination of this Agreement other than a Complete Termination; it being understood that for this purpose a Complete Termination occurs only if the Distribution Plan is terminated and the Trust has discontinued the distribution of the Series' Class B shares.

  • Prior to the close of business on the third Business Day preceding each Distribution Date, the Master Servicer shall furnish a statement to the Trust Administrator, any Paying Agent and the Seller (the information in such statement to be made available to Certificateholders by the Master Servicer on written request) setting forth the Class A Distribution Amount with respect to each Class of Class A Certificates and the Class B Distribution Amount with respect to each Class of Class B Certificates.

  • The services rendered by the Distributor for which the Distributor is entitled to receive the Class B Distribution Fee shall be deemed to have been completed at the time of the initial purchase of the Series shares taken into account in computing the Class B Distribution Fee.

  • The Distributor shall be considered to have performed all services so as to entitle it to the right to the payment of the Class B Distribution Fee so long as the Plan with regard to such Class B Shares continues pursuant to its terms and the right to payment of any CDSC with respect to each Class B Share upon the settlement date of the redemption of such Class B Share.


More Definitions of Class B Distribution

Class B Distribution means a distribution of the amount of the Trust Assets remaining after payment of the Litigation Trust Expenses, the Loan Obligations, any amount paid by the Debtors to ▇▇▇▇▇ Day in connection with the Chapter 11 Cases, the Class A Distribution, and any Additional Litigation Funding Loans.
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Class B Distribution has the meaning set forth in Section 5.2.1.
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Class B Distribution means the Class B Monthly Distributions and the Class B Year End Distribution.
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Class B Distribution means a distribution of the amount of the Trust Assets remaining after payment of the Litigation Trust Expenses, the Loan Obligations, any amount paid by the Debtors to Jones Day in connection with the Chapter 11 Cases, the Class A Distribution, and any Additional Litigation Funding Loans.
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Class B Distribution. On any Distribution Date, an amount equal to the lesser of (x) the Pool Distribution for the related Distribution Date reduced by any amounts required to be paid to the Class A Certificateholders on such Distribution Date or (y) the sum of (i) one month's interest, less the Class B Percentage of Deferred Interest, at the Pass-Through Rate on the Class B Principal Balance (net of the Class B Percentage of the amount by which the aggregate amount of interest otherwise payable on the prepaid Mortgage Loans by adjustment of the Administration Fee exceeds the related aggregate Administration Fee available for payment thereof as provided in Section 4.6 hereof), (ii) the outstanding balance in the Class B Interest Shortfall Account, (iii) the Class B Percentage of each scheduled payment of principal payable on the Mortgage Loans on the preceding Installment Due Date and (iv) the Class B Prepayment Entitlement, provided that the Class B Distribution shall be limited to an amount, which, after payment to the Class B Certificateholders, would not reduce the Class B Principal Balance below the Minimum Required Class B Principal Balance. In the event that clause (y) is greater than clause (x), distributions shall be allocated first to the interest component of the Class B Distribution calculated pursuant to clause (y)(i) of this definition; second to any balance in the Class B Interest Shortfall Account in accordance with clause (y)(ii) of this definition; and third to the principal component of the Class B Distribution calculated pursuant to clause (y)(iii) and (y)
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Class B Distribution. The right of CAII, as a Class B Limited Partner to receive any and all distributions payable to the Class B Limited Partner in accordance with terms of the partnership agreement related to each PIF.
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Related to Class B Distribution

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).