Distribution Interest definition

Distribution Interest means an undivided interest in the Partnership’s assets after payments to the Partnership’s creditors or the creation of a reasonable reserve therefor, in the ratio the positive balance of a party’s Capital Account bears to the aggregate positive balance of the Capital Accounts of all of the parties determined after taking into account all Capital Account adjustments for the taxable year during which liquidation occurs (other than those made pursuant to liquidating distributions or restoration of deficit Capital Account balances). Provided, however, after the Capital Accounts of all of the parties have been reduced to zero, the interest in the remaining Partnership assets shall equal a party’s interest in the related Partnership revenues as set forth in §5.01 and its subsections.

Distribution Interest means, at any given time and with respect to a particular Token Holder, a percentage equal to the result of the following: (i) the total number of Tokens then held by such Token Holder; divided by (ii) the total number of Tokens then issued and outstanding.

Distribution Interest means, with respect to a particular Coin Holder and for a particular Coin Distribution Year, a percentage equal to the result of the following: (i) the total number of Coins purchased by the subject Coin Holder during the subject Coin Distribution Year; divided by (ii) the total number of Coins purchased by all Coin Holder during the subject Coin Distribution Year.

Examples of Distribution Interest in a sentence

• On the occurrence of a Final Terminating Event the affairs of the Partnership shall be wound up and there shall be distributed to each of the parties its Distribution Interest in the remaining Partnership assets.

• As part of the purchase, CGL received 2,250,000 Series P Warrants and an option to acquire an additional 10% Distribution Interest in the cash flows Goldrich receives from its interest in GNP.

• The OLLC hereby grants, distributes, bargains, conveys, assigns, transfers, sets over and delivers to the SPV, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the OLLC Distribution Interest, and the SPV hereby accepts the OLLC Distribution Interest.

• The Distribution Interest option to purchase an additional 10% of Goldrich’s future cash flow from GNP in consideration of a one-time cash payment of $1.3 million was not exercised before July 1, 2016 and has expired.

• The Net Distribution Interest shall be paid in connection with any distribution to an Investor Partner, including any distributions on redemption or liquidation.

More Definitions of Distribution Interest

Distribution Interest is defined in Section 4.1(a).

Distribution Interest. As defined in Section 9.7(a)(iv).

Distribution Interest means the right of a Member to receive distributions of cash or other property from the Company but shall not include any other rights of a Member that are included within the Voting Interest of a Member or any other rights of a Member under the Act or this Agreement. Domestic Partner shall mean a person who is a partner in a Domestic Partnership. Domestic Partnership means a legal relationship between two individuals who live together and share a common domestic life which is established pursuant to a Domestic Partnership Agreement. Domestic Partner Interest means any part of a Membership Interest owned or claimed by a Domestic Partner pursuant to a Domestic Partnership Agreement. Domestic Partnership Agreement means an enforceable written agreement between Domestic Partners respecting matters such as joint property ownership, support obligations and similar issues to those found in marriage. Elect shall mean the making of an Election. Election means the election by written notice of an option to acquire a Membership Interest pursuant to Article 10 of this Agreement.

Distribution Interest means, at any given time and with respect to a particular Token Holder, a percentage equal to the result of the following: (i) the total number of Tokens then held by such Token Holder divided by (ii) the total number of Tokens then issued and outstanding.

Distribution Interest of a Class (or Classes in the case of the Class A Members, the Class B Members and the Class C Members) is the relative interest of such Class in Distributions made by the Company, as established at the time of the initial issuance of the Membership Interests of such Class (except that in the case of Class C Members, the Distribution Interest shall be adjusted in connection with new issuances of Class C Membership Interests, subject to compliance with Section 2.11(c)(y)(iii)).

Distribution Interest means a beneficiary’s equitable interest to enforce the distribution terms of the trust subject to the judicial review standard. A distribution interest is classified as a mandatory interest, a support interest, a discretionary interest, or a combination of any such interests. A distribution

Distribution Interest means a mandatory interest, a 33