Distributable Securities definition

Distributable Securities means the assets of Target set forth on §1(a) of the Disclosure Schedule. ‘‘Employee Benefit Plan’’ means any ‘‘employee benefit plan’’ (as such term is defined in ERISA §3(3)) and any other employee benefit plan, program or arrangement of any kind. ‘‘Employee Pension Benefit Plan’’ has the meaning set forth in ERISA §3(2). ‘‘Employee Welfare Benefit Plan’’ has the meaning set forth in ERISA §3(1). ‘‘Environmental, Health, and Safety Requirements’’ means, whenever in effect, all federal, state, local, and non-U.S. statutes, regulations, ordinances, and other provisions having the force or effect of law, all judicial and administrative orders and determinations, all contractual obligations, and all common law concerning public health and safety, worker health and safety, pollution, or protection of the environment, including, without limitation, all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, exposure to, or cleanup of any hazardous materials, substances, wastes, chemical substances, mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise, odor, mold, or radiation. ‘‘ERISA’’ means the Employee Retirement Income Security Act of 1974, as amended. ‘‘ERISA Affiliate’’ means each entity that is treated as a single employer with Target for purposes of Code §414. ‘‘Escrow Agent’’ has the meaning set forth in §2(b) below. ‘‘Escrow Agreement’’ means the escrow agreement entered into concurrently herewith and attached hereto as Exhibit E. ‘‘Financial Statements’’ has the meaning set forth in §4(g) below.

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Distributable Securities means Securities that are distributed to the Partners as provided in Section 7.4 and Section 7.5.

Distributable Securities has the meaning set forth in Clause 12.3(h).

Examples of Distributable Securities in a sentence

The fair value of any Distributable Securities that are publicly-traded shall be equal to the average of (i) if applicable, the median of the "bid" and "asked" price for such securities on the market on which the securities are regularly traded, or (ii) if applicable, the closing price on the market on which such securities are regularly traded.
Distributable Cash, Distributable Securities, net proceeds upon liquidation and any other distributions shall be distributed among the Partners based upon the actual ownership of interests in the Partnership on the date of distribution.
For this purpose, the value of all Distributable Securities distributed to the Partners shall equal their respective values on the dates of distribution of such Distributable Securities, determined in the manner specified in Section 3.04.
This Guarantee will not be discharged except by payment of the Guarantee Payments in full (without duplication of amounts theretofore paid by or on behalf of the Trust pursuant to the Trust Agreement) or upon distribution of the HECO Distributable Securities to Holders as provided in the Trust Agreement.
Each request for Demand Distribution shall be in writing and shall specify the approximate number of Investor Distributable Securities for Distribution (provided that such request shall cover in the aggregate at least a number of Distributable Securities that would reasonably be expected to result in gross sale proceeds to the Investor of at least $15 million), the intended method of disposition of such Distributable Securities and the jurisdiction(s) in Canada where Distribution is to be effected.
The General Partner may from time to time distribute any Distributable Cash and/or Distributable Securities related to commitments made to Portfolio Investments prior to the Principal Closing Date to the Limited Partners admitted to the Partnership prior to the Principal Closing Date in accordance with, and as specified in, any Side Letter (as defined in Section 9.14(d)) between the General Partner and such Limited Partners.
Distributions of Distributable Cash and Distributable Securities shall generally be made within 30 days following receipt of the distributions from the Funds which generated such distributions; however, the General Partner, in its reasonable discretion, may determine to delay the timing of such distributions in order to enable the Partnership to manage its current and anticipated expenses.
In the event of any proposed distribution of Distributable Securities, such Shareholder may elect either to receive such Distributable Securities or to have the Company assist such Shareholder in retaining a broker to hold or sell such Shares on its behalf, and, at such Shareholder’s request and expense, the Company will transfer the Shares to be distributed to such Shareholder into an account established by such Shareholder or a third party designated by such Shareholder.
For purposes of any such distribution, Distributable Securities shall be valued, as of a date as close as reasonably practicable to the date of their distribution, by the General Partner according to their "fair value".
There shall be specially allocated to Seller any items of gain or income recognized by Target (including without limitation, original issue discount, gain based on book/tax differences and acceleration of deferred income) as a result of the distribution of the Distributable Securities to Seller.

More Definitions of Distributable Securities

Distributable Securities means the debt, equity or other securities, if any, which have been distributed to the Partnership by the Funds.

Distributable Securities means any (i) Common Shares issued, whether issued prior to, upon or following the filing of a prospectus; and (ii) any Common Shares issued as a dividend or other distribution with respect to, in exchange for, or in replacement of any of the Common Shares that are Distributable Securities pursuant to (i) above;

Distributable Securities has the meaning stated in the SBIC Act.