Distribution Threshold definition

Distribution Threshold means the “Distribution Threshold” set forth opposite each applicable Owned Unit on Schedule B, as may be adjusted in accordance with Section 1.2.

Distribution Threshold has the meaning specified in the Company LLC Agreement.

Distribution Threshold means, with respect to all Incentive Units issued pursuant to Section 3.04(c), an amount determined by the Board of Managers.

Examples of Distribution Threshold in a sentence

• Undistributed Excess GUC Trust Distributable Assets are reported in section H as Excess GUC Trust Distributable Assets set aside for distribution to holders of Units and will be held by the GUC Trust until the next calendar quarter for which the amount of Excess GUC Trust Distributable Assets exceeds the Distribution Threshold.

• As described in footnote (1) above, no distributions to holders of Units were made in any quarter where the amount of Excess GUC Trust Distributable Assets did not exceed the Distribution Threshold.

• Since the Initial Distribution Date, the GUC Trust has made distributions in any quarter where (i) Disputed General Unsecured Claims or Unresolved Term Loan Avoidance Action Claims were allowed during the immediately preceding quarter, or (ii) where the amount of Excess GUC Trust Distributable Assets exceeded the Distribution Threshold.

• If such earnings do not equal or exceed the Distribution Threshold, the Co-Trustee shall reinvest such earnings in such Eligible Investments as the Co-Trustee has previously been directed in writing by the Depositor and distribute the same on the earlier of the date the Distribution Threshold is satisfied and the Final Scheduled Distribution Date.

• Distributions of such earnings shall only be made if the distributions equal or exceed the Distribution Threshold.

More Definitions of Distribution Threshold

Distribution Threshold shall have the meaning specified in Section 3.2(d).

Distribution Threshold means $10,000,000.

Distribution Threshold means an amount of Excess GUC Trust Distributable Assets equal to: (i) with respect to New GM Common Stock, 1 million shares of New GM Common Stock, (ii) with respect to the New GM $10.00 Warrants, warrants to acquire 909,091 shares of New GM Common Stock (subject to customary adjustment), (iii) with respect to the New GM $18.33 Warrants, warrants to acquire 909,091 shares of New GM Common Stock (subject to customary adjustment), (iv) with respect to Cash, $5 million, and (v) with respect to any other GUC Trust Distributable Assets, an amount determined by the GUC Trust Administrator and approved by the GUC Trust Monitor.

Distribution Threshold means $0.6375 per Common Unit. The Distribution Threshold shall be adjusted in a manner inversely proportional to, and at the same time as, adjustments to the Conversion Rate; provided that no adjustment will be made to the Distribution Threshold for any adjustment to the Conversion Rate pursuant to Section 12.05(d).

Distribution Threshold shall have the meaning set forth in Section 4.02(c).

Distribution Threshold means $0.52 per Common Unit or Class B Unit per Quarter, as applicable, subject to adjustment in accordance with Sections 5.8 and 6.3.

Distribution Threshold means, with respect to each Profits Unit, the “Distribution Threshold” set forth in the applicable award agreement or other agreement between the holder of such Profits Unit and the Company with respect to the issuance of such Profits Unit or as otherwise established by the WME Directors, in each case as may be adjusted by the WME Directors, in good faith, to account for changes to the Equivalent Price of a Class A Common Unit resulting from Capital Contributions, distributions of Capital Proceeds or Available Cash Flow, Earn-Out Payments, recapitalizations, Unit splits or other similar events; provided that (i) the initial Distribution Threshold of Profits Units issued to Xxxxx Xxxxxxx and/or Xxxxxxx Xxxxxxxxx or their respective Trusts or Family Members within ninety (90) days following the Restatement Date shall be $1,000 and (ii) (x) the initial Distribution Threshold of Profits Units issued to Xxxxx Xxxxxxx and/or Xxxxxxx Xxxxxxxxx or their respective Trusts or Family Members after ninety (90) days following the Restatement shall be the Equivalent Price of a Class A Common Unit as of the date of issuance and (y) the Distribution Threshold of Profits Units issued to Xxxxx Xxxxxxx and/or Xxxxxxx Xxxxxxxxx or their respective Trusts or Family Members shall be adjusted to account for changes to the Equivalent Price of a Class A Common Unit resulting from Capital Contributions, distributions of Capital Proceeds or Available Cash Flow, Earn-Out Payments, recapitalizations, Unit splits or other similar events, in each case of clauses (x) and (y), by the Board, acting unanimously and in good faith. For the avoidance of doubt, no adjustment to the “Distribution Threshold” applicable to a Profits Unit shall be made in respect of any distribution of Available Cash Flow or other cash and/or property of any kind in which such Profits Unit participates in accordance with this Agreement.