Definition 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 (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.


Initial Distribution Period means the period from August 19, 1997 through September 24, 1997.
Sample 1

Examples of Initial Distribution Period in a sentence

Class B Initial Distribution Period means the 48 calendar month period commencing with the first full calendar month after the Placed In Service Date.
The amount of distributions payable for the Initial Distribution Period, or any other period shorter or longer than a full Distribution Period, on the Series CPreferred Units shall be computed on the basis of the actual number of days in such period and a 360-day year of twelve 30-day months.
Such distributions shall be cumulative from the date of issuance and shall be payable quarterly, when, as and if authorized and declared by the General Partner, in arrears on each Distribution Payment Date, commencing on the first Distribution Payment Date after the date of issuance of the Series CPreferred Units; provided that distribution amount per Series CPreferred Unit paid in respect of the Initial Distribution Period shall be determined in accordance with paragraph (ii) below.
Such distributions shall be cumulative from the date of issuance and shall be payable quarterly, when, as and if authorized and declared by the General Partner, in arrears on each Distribution Payment Date commencing on the first Distribution Payment Date after the date of issuance of the Series EPreferred Units; provided that the amount per Series EPreferred Unit to be paid in respect of the Initial Distribution Period shall be determined in accordance with paragraph (ii) below.
CLASS E DISTRIBUTION PERIOD: The Class E Initial Distribution Period and each quarterly distribution period thereafter, commencing on January 1, April 1, July 1 and October 1 of each year and ending on and including the day preceding the next Class E Distribution Period Commencement Date.