Initial Distribution Period definition

Initial Distribution Period has the meaning ascribed thereto in Section 2.2(a).

Initial Distribution Period has the meaning assigned to such term in Section 5.11(b)(i)(A).

Initial Distribution Period means, with respect to a Series A Preferred Unit, the period commencing on the date of issuance of such Series A Preferred Unit and ending on the third (3rd) anniversary thereof; provided that the Initial Distribution Period with respect to a Series A PIK Unit shall be deemed to be the same as that of the Series A Preferred Unit on which the Series A PIK Unit is paid.

Examples of Initial Distribution Period in a sentence

• With respect to any Quarter (or portion thereof for which a Series A Quarterly Distribution is due) ending on or before the end of the Initial Distribution Period for a Series A Preferred Unit, such Series A Quarterly Distribution shall be paid, as determined by the Board of Directors, in its sole discretion, in Series A PIK Units or in cash, or in a combination of Series A PIK Units and cash.

• For any Quarter ending after the Series A Initial Distribution Period, all Series A Quarterly Distributions shall be paid in cash.

• For any Quarter ending after the Initial Distribution Period, all Series A Quarterly Distributions shall be paid in cash.

• If, during the Series A Initial Distribution Period, the General Partner elects to pay a portion of a Series A Quarterly Distribution in Series A PIK Units, the number of Series A PIK Units to be issued in connection with such Series A Quarterly Distribution shall equal the quotient of (A) the portion of such Series A Quarterly Distribution to be (7) Note to Draft: To be quarter in which closing occurs plus 4 full quarters thereafter.

• All distributions paid in respect of Class A Preferred Units with respect to any Quarter shall not exceed the amount of Available Cash attributable to the relevant Quarter; otherwise such distributions will be deemed to be paid in Class A PIK Units in accordance with paragraph (D) above or, after the Initial Distribution Period, a Class A Distribution Default shall occur.

More Definitions of Initial Distribution Period

Initial Distribution Period means, with respect to a Series A Preferred Unit, the period commencing on the date of issuance of such Series A Preferred Unit and ending on the third anniversary thereof; provided that the Initial Distribution Period with respect to a Series A PIK Unit shall be deemed to be the same as that of the Series A Preferred Unit on which the Series A PIK Unit is paid.

Initial Distribution Period. The period from and including the Closing Date to but excluding the initial Regular Distribution Date.

Initial Distribution Period has the meaning ascribed thereto in Section 2.2(a). “Initial Fixed Distribution Rate” means 4.50% per annum.

Initial Distribution Period means the period commencing on and including the Issue Date and ending on and including February 28, 2021.

Initial Distribution Period means the quarterly distribution period commencing on November 24, 1998 and including December 31, 1998.

Initial Distribution Period. The period from the Deemed Original Issue Date for a Class B Unit to, but excluding July 1, 1997.

Initial Distribution Period means the period beginning with the first Quarter ending after the Effective Time through and including the Quarter ending September 30, 2017.