Distribution Priority definition
Distribution Priority means the priority in distribution of cash flow that expired on July 1, 2008;
Distribution Priority. The total of all payments or other collections (or advances in lieu thereof) on or in respect of the loans (but excluding prepayment premiums), net of servicing fees, trustee fees and premium owed to the Certificate Insurer, that, together with any insured payments, generally will be allocated in the following priority:
Distribution Priority means (a) with respect to each Quest Seller, the priority to which he, she or it is entitled to receive distributions pursuant to Section 5.2 of the Voyage Holdings LLC Agreement, (b) with respect to VMG Tax-Exempt, a portion of the priority to which VMG Holdco is entitled to receive distributions (based on VMG Blocker’s ownership interest in VMG Holdco), pursuant to Section 5.2 of the Voyage Holdings LLC Agreement (the “VMG Tax-Exempt Distribution Priority”) and (c) with respect to VMG Holdco, the priority to which VMG Holdco is entitled to receive distributions pursuant to S ection 5.2 of the Voyage Holdings LLC Agreement less the VMG Tax-Exempt Distribution Priority.
Examples of Distribution Priority in a sentence
The Sellers’ Representative shall prepare the Closing Date Payment Schedule in accordance with each Target Company’s Organizational Documents and applicable Law, the Distribution Priority and applicable Law, which Closing Date Payment Schedule shall be binding on and enforceable against each Seller.
More Definitions of Distribution Priority
Distribution Priority means (a) with respect to each THP Seller, the priority to which he, she or it is entitled to receive distributions, (b) with respect to Blocker I Seller, a portion of the priority to which VMG Holdco is entitled to receive distributions (based on Blocker I’s ownership interest in VMG Holdco immediately prior to the VMG Holdco Redemption) and (c) with respect to Blocker II Seller, the priority to which Blocker II is entitled to receive distributions, in each case, pursuant to Section 6.01 of the THP Operating Agreement.
Distribution Priority means (a) with respect to each Quest Seller, the priority to which he, she or it is entitled to receive distributions pursuant to Section 5.2 of the Voyage Holdings LLC Agreement, (b) with respect to VMG Tax-Exempt, a portion of the priority to which VMG Holdco is entitled to receive distributions (based on VMG Blocker’s ownership interest in VMG Holdco), pursuant to Section 5.2 of the Voyage Holdings LLC Agreement (the “VMG Tax-Exempt Distribution Priority”) and (c) with respect to VMG Holdco, the priority to which VMG Holdco is entitled to receive distributions pursuant to Section 5.2 of the Voyage Holdings LLC Agreement less the VMG Tax-Exempt Distribution Priority.
Distribution Priority. After the Pre Start Date Period........................................... 23 7.3. ECC Performance Guarantee Offset................... 24 ARTICLE VIII. MANAGEMENT......................................... 24 8.1. Operations......................................... 24 8.2. Representatives ................................... 24 8.3. Fundamental Business Strategies.................... 25