Distribution Allocation definition

Distribution Allocation has the meaning set forth in Section 4.6;

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Distribution Allocation. The energy allocated, on a quarter-Hourly basis, to a BRP’s Balancing Perimeter by a Public Distribution System operator belonging to the Belgian control area.

Distribution Allocation means the allocation of Parent Shares or cash a Company Securityholder will receive at Closing or as part of an Earnout Payment pursuant to this Agreement.

Examples of Distribution Allocation in a sentence

• Parent shall pay or cause to be paid over to the Company Securityholders (in accordance with each Company Securityholder’s Distribution Allocation) any such refund or the amount of any such credit within twenty (20) days after receipt of such refund or after becoming entitled to such credit against Taxes.

• Thereafter, within fourteen (14) calendar days written notice to the Plan Administrator, the Settlement Administrator shall effect a transfer from the Qualified Settlement Fund to the Plan’s trustee of the aggregate amount of all settlement payments payable to Current Participants, as reflected in the Plan Distribution Allocation File provided by the Settlement Administrator.

• The Parties will work cooperatively and in good faith to resolve any issues related to this Plan Distribution Allocation File.

• Except as set forth in the Distribution Allocation Schedule, no Person has any right to receive any portion of the Closing Cash Consideration or the Closing Equity Consideration (as the same may be adjusted).

• Within fourteen (14) days thereafter, the Settlement Administrator shall transfer to the Plan’s trustee the aggregate amount of all Final Entitlement Amounts payable to Current Participants (“Aggregate Final Entitlement Amounts”), as reflected in the Plan Distribution Allocation File.

• Effective on July 2, 2007, LFT shall and hereby distributes, transfers and assigns to all of the LFT Ordinary Shareholders and the LFT Preferred Shareholders, and each of the LFT Ordinary Shareholders and the LFT Preferred Shareholders hereby accepts the distribution, transfer and assignment of, all of the LTI Shares in such types and amounts as in accordance with the Proposed Distribution Allocation as attached hereto as Exhibit B.

• After the First Effective Time, the Payment Agent shall act as agent for payment of the applicable portion of the consideration specified in Section 1.8(a) pursuant to the Distribution Allocation Schedule upon delivery by such Stockholder of a Letter of Transmittal, Accredited Investor questionnaire and, if applicable, a SHA Joinder, if not so delivered prior to the Closing Date.

• If a Current Participant has no investment election in effect, then his or her Final Entitlement Amount will be invested in the Plan’s “Qualified Default Investment Alternative.” The Plan’s recordkeeper will credit the individual account of each Current Participant in an amount equal to that stated on the Plan Distribution Allocation File within thirty (30) business days of receiving the funds from the Settlement Administrator.

• The Annual Payment for each future Payment Year as reflected in Exhibit G-1 shall also be reduced by the Non-Litigating Tribe’s Tribal Distribution Allocation Percentage.

• Within seven (7) days thereafter, the Settlement Administrator shall provide the Plan’s recordkeeper with a spreadsheet containing the name, social security number, and amount of the Final Entitlement Amount to be made into each Current Participant’s Plan account (“Plan Distribution Allocation File”).

More Definitions of Distribution Allocation

Distribution Allocation is defined in, and shall be calculated in accordance with, the “Distribution Allocation Schedule” attached hereto as Exhibit A, it being understood and agreed that (x) no later than one (1) Business Day prior to the Closing Date, the Securityholders’ Representative will deliver to Buyer a final Distribution Allocation Schedule updated, if at all, to reflect any modifications to the Distribution Allocation attached hereto as of the date of this Agreement, and upon receipt thereof by Buyer, such final Distribution Allocation Schedule will supersede and be used thereafter in place of the original Distribution Allocation Schedule for all purposes hereof, (y) the Distribution Allocation will include an unfunded, incremental amount added to the Merger Consideration representing the aggregate amount of indebtedness (if any) owed to the Company Group by any and all Securityholders, which amount will be deducted individually from the Merger Consideration allocable to each individual Securityholder on the basis of the amount of indebtedness owed by such Securityholder to the Company Group, and (z) the Distribution Allocation Schedule shall set forth, for each Securityholder, the amount of Closing Merger Consideration to be paid to the Securityholders’ Representative on the Closing Date in respect of such Securityholder.

Distribution Allocation means with respect to each Seller and Optionholder, the applicable percentage set forth on Exhibit C.