Distributed Earnings definition

Distributed Earnings means the amount of the first distribution paid by WMS to Buyer or the Company after the Closing Date; provided, however, that if WMS does not retain cash on its balance sheet after giving effect to such distribution equal to or greater than
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Distributed Earnings means the amount of the first distribution paid by WMS to Buyer or the Company after the Closing Date; provided, however, that if WMS does not retain cash on its balance sheet after giving effect to such distribution equal to or greater than $5,000,000, then the Distributed Earnings shall be reduced by an amount equal to 49% of $5,000,000 less the cash on the WMS balance sheet after giving effect to such distribution. Any analysis of the cash remaining on the WMS balance sheet after giving effect to such distribution produced by WMS and given to Buyer or the Company or the board of managers of WMS shall be, absent manifest error, conclusive evidence of cash remaining on the WMS balance sheet after giving effect to such distribution provided such calculation or analysis is not materially different than the past practices of WMS.
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Related to Distributed Earnings

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.