Minimum Annual Distribution definition

Minimum Annual Distribution has the meaning given in clause 10.4(a);
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Minimum Annual Distribution has the meaning given in clause 5 of this Schedule 10; Minority Shareholder means any Shareholder other than a Major Shareholder (or its Permitted Transferees or Affiliates);
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Minimum Annual Distribution means the minimum total dollar amount that must be distributed to the Participant or Beneficiary within a given Plan Year, under Plan Sections
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Examples of Minimum Annual Distribution in a sentence

  • In the event a distribution of 40% free cash flow for the trailing 12 month period would result in net leverage in excess of 4.0x last twelve months EBITDA, the Company shall distribute such lesser amount, if any, as is consistent with maintaining net leverage not greater than 4.0x last twelve months, such amount being the Minimum Annual Distribution.

  • In the event a distribution of 50% free cash flow for the trailing twelve month period would result in net leverage in excess of 3x last twelve months EBITDA, the Company shall distribute such lesser amount, if any, as is consistent with maintaining net leverage not greater than 3x last twelve months (such amount being the Minimum Annual Distribution).

  • Such Advisor Payments shall be made in such amount as may be necessary, from time to time, to enable the Fund to make payments to Unitholders in an amount at least equal to the Minimum Annual Distribution with respect to each Unit and limit the impact of certain costs on Unitholders provided however, that nothing herein shall require that Advisor Payments with respect to any fiscal year, in the aggregate, exceed the sum of Covered Fund Costs for which the Fund is responsible for such fiscal year.

  • Such recoupment may be requested by the Advisor only if the distribution to Unitholders with respect to the year for which the recoupment is sought would (after taking into account the amount of recoupment) equal or exceed the Minimum Annual Distribution.

  • Notwithstanding the foregoing, the Fund and the Advisor acknowledge and agree that the Advisor may request recoupment of Covered Fund Costs absorbed by the Advisor in prior years in years in which the Minimum Annual Distribution is not achieved so long as the Fund’s actual expense ratio, plus the amount of any requested recoupment with respect to such year, does not exceed 1.40%.