Distribution Triggering Event definition
Distribution Triggering Event has the meaning set forth in Section 12.03.
Distribution Triggering Event means the time at which the Partnership covers the payment of distributions on OP Units, that correspond with the General Partner’s cash dividends declared in respect of the REIT Shares, for the six immediately preceding months from the funds from operations (as defined by the National Association of Real Estate Investment Trusts from time to time), as determined in good faith for the General Partner, adjusted to exclude acquisition-related fees and expenses.
Distribution Triggering Event means the time at which the Partnership covers the payment of distributions on OP Units, that correspond with the General Partner’s cash dividends declared in respect of the REIT Shares, for the six immediately preceding months from the funds from operations (as defined by the National Association of Real Estate Investment Trusts from time to time), as determined in good faith for the General Partner, adjusted to exclude acquisition-related fees and expenses. “Entity” means any general partnership, limited partnership, corporation, joint venture, trust, business trust, real estate investment trust, limited liability company, limited liability partnership, cooperative or association. “Event of Bankruptcy” as to any Person means (a) the filing of a petition for relief as to such Person as debtor or bankrupt under the Bankruptcy Code of 1978, as amended, or similar provision of law of any jurisdiction (except if such petition is contested by such Person and has been dismissed within 90 days); (b) the insolvency or bankruptcy of such Person as finally determined by a court proceeding; (c) the filing by such Person of a petition or application to accomplish the same or for the appointment of a receiver or a trustee for such Person or a substantial part of his assets; or (d) the commencement of any proceedings relating to such Person as a debtor under any other reorganization, arrangement, insolvency, adjustment of debt or liquidation law of any jurisdiction, whether now in existence or hereinafter in effect, either by
Examples of Distribution Triggering Event in a sentence
None of a Tier 1 Distribution Triggering Event, a Company Leverage Triggering Event or a MLP Leverage Triggering Event (each as defined in the Company Agreement) shall have occurred and be continuing.
More Definitions of Distribution Triggering Event
Distribution Triggering Event means the earlier of (a) the consummation of the purchase of the Second Tranche Equity (as such term is defined in the Purchase Agreement) in accordance with Section 9.1(a) of the Purchase Agreement or (b) the consummation of the sale of the Repurchased Equity (as such term is defined in the Purchase Agreement) in accordance with Section 9.1(b) of the Purchase Agreement.