Incremental Distribution Threshold definition

Incremental Distribution Threshold means, as of any date of determination, with respect to each Subsequent Incentive Unit, the amount that each Initial Incentive Unit would receive if, immediately prior to the issuance of such Subsequent Incentive Unit, the Company was liquidated at the fair market value of the assets of the Company, as reasonably determined by the Board of Managers in good faith, and the proceeds distributed pursuant to Section 9.3.
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Incremental Distribution Threshold means, with respect to each series of Class B-2 Investor Interests other than the Initial Class B-2 Investor Interests, the amount that the Initial Class B-2 Investor Interests would be entitled to receive if, immediately prior to the issuance of such other series of Class B-2 Investor Interests, the Company was liquidated at Fair Market Value and the proceeds distributed pursuant to Section 11.3(c).
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Examples of Incremental Distribution Threshold in a sentence

  • The Board of Managers shall determine in good faith the Incremental Distribution Threshold for any series of Subsequent Incentive Units.

  • Solely for the purposes of this Section 6.1(b)(ii) and Section 9.3(c) each such Subsequent Incentive Unit shall not be counted for the purposes of calculating the Percentage Interest, until the applicable Incremental Distribution Threshold attributable to such Subsequent Incentive Unit is met.

Related to Incremental Distribution Threshold

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Formula Principal Distribution Amount means, as of any Remittance Date, the sum of:

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • M1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M1 Certificates immediately prior to such Distribution Date exceeds (y) the M1 Target Amount.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.