Distribution Benchmark definition
Distribution Benchmark means when the quarterly distributions paid over a period of twelve (12) consecutive quarters pursuant to Sections 6.2(b)(ii) and (iii) of the Partnership Agreement per S-SCU then outstanding shall have equaled or exceeded 130% of the S-SCU Basic Distribution Amount.
Distribution Benchmark means when the quarterly distributions paid over a period of four (4) consecutive quarters pursuant to Sections 6.2(d)(ii) and (iii) of the Partnership Agreement per K-SCU then outstanding shall have equaled or exceeded the K-SCU Basic Distribution Amount.
Examples of Distribution Benchmark in a sentence
For purposes hereof, the term "Distribution Benchmark" shall mean when the quarterly distributions paid over a period of twelve (12) consecutive quarters pursuant to Sections 6.2(b)(ii) and (iii) of the Partnership Agreement per S-SCU then outstanding shall have equaled or exceeded 130% of the S-SCU Basic Distribution Amount.
For purposes hereof, the term "Distribution Benchmark" shall mean when the quarterly distributions paid over a period of four (4) consecutive quarters pursuant to Sections 6.2(d)(ii) and (iii) of the Partnership Agreement per K-SCU then outstanding shall have equaled or exceeded the K-SCU Basic Distribution Amount.