DRIP Record Date definition
DRIP Record Date means, with respect to any reinvestment of distributions pursuant to the DRIP, the last Business Day of the calendar quarter to which the applicable distribution relates, or such other date or dates that the General Partner may determine.
Examples of DRIP Record Date in a sentence
The request will be processed as of the first DRIP Record Date following 90 days after receipt of the request by the General Partner.
Partnership Interests issued pursuant to the DRIP shall be (i) allocated between each class of Partnership Interests in accordance with Section 3.1 (provided that, for purposes of applying Section 3.1, the DRIP Participant shall be deemed to have made a capital commitment on the date on which it otherwise would have received the cash distribution), and (ii) purchased at the Partnership Interest Price as of the DRIP Record Date.