Distributed Capital definition
Distributed Capital means a portion of the Staying Partners’ and Leaving Partners’ capital accounts such that, based upon the Estimated Final Tangible Book Value, after giving effect to repayment in full of any funded Indebtedness, including Subordinated Indebtedness, payment of the Company’s Transaction Expenses and funding of the Sellers’ Representative Account, the Company’s Estimated Final Tangible Book Value shall equal the result of, as of the Effective Time, $26,000,000 minus the principal amount and accrued but unpaid interest as of the Effective Time with respect to any Unretired Subordinated Indebtedness.
Examples of Distributed Capital in a sentence
If the Board of Directors has made a Capital Group Inter-Group Redemption Election, then the determination as to the classes or series of securities of the Distributed Capital Group Subsidiary comprising the Capital Group Inter-Group Interest Subsidiary Securities to be so transferred or allocated to the Starz Group will be made by the Board of Directors in its discretion.
The number of securities of the Distributed Capital Group Subsidiary to be delivered in redemption of each Capital Group Redemption Share will be equal to the amount (rounded, if necessary, to the nearest five decimal places) obtained by dividing (x) the number of Capital Group Distribution Subsidiary Securities, by (y) the number of Capital Group Redemption Shares.