Gross Distributions definition
Gross Distributions means the amount of cash received by the Company from such Project Company less any Prior Costs pursuant to 1.1(b)(iii) below;
Examples of Gross Distributions in a sentence
The fee (“Fee”) shall be an amount equal to eighteen percent (18%) of the Gross Distributions after payment of any Additional Capital Required Return pursuant to 1.1(b)(ii) below.
The fee (“Fee”) shall be an amount equal to eighteen percent (18%) of the Gross Distributions after payment of any Additional Capital Required Return pursuant to 1.1(b)(ii) below, unless increased pursuant to Section 1.1(g) below.
In clause 60 of the CRA, new waterfalls, reflecting the structure of the existing waterfalls, have been introduced in relation to Reduced Gross Distributions and the 19/9 Shortfall Claim.