Interim Distributions definition
Interim Distributions means all Distributions that are not Liquidation Distributions.
Interim Distributions means one or more Pro Rata Distributions of Available Cash made in accordance with the Plan and/or any Order of the Bankruptcy Court on account of Allowed Claims before the Final Distribution.
Interim Distributions has the meaning given in Section 9.1(c).
Examples of Interim Distributions in a sentence
Interim Distributions will be made at times as the Manager determines in its sole discretion.
Upon the completion of the Vesting Period, Grantee shall be entitled to receive an amount equal to (1) the distributions payable during the Vesting Period with respect to a number of Class A OP Units of the Partnership that is identical to the actual number of Performance Vested LTIP Units earned pursuant to Annex B, less (2) the amount of the Interim Distributions (such amount, the "Performance Distribution").
Interim Distributions will be made at times as the Advisor or the Administrator determines.
Upon vesting, the holder of the LTIP Units shall be entitled to receive an amount equal to (i) the distributions payable from the Effective Date until the Distribution Participation Date with respect to a number of Common Units that is identical to the actual number of LTIP Units earned hereunder, less (ii) the amount of the Interim Distributions (the “Performance Distribution”).
Any distributions other than Interim Distributions, the First Common Distribution, the Second Common Distribution, and the Preferred Distribution, may be made in accordance with Section 4.1.2 out of Available Assets from time solely as determined by the Manager.
More Definitions of Interim Distributions
Interim Distributions shall have the meaning ascribed to it in Section 4.3.
Interim Distributions as defined in and payable pursuant to Section 3.1.2 of the Trade Receivables Repayment Agreement, including without limitation up to 15% of the amount of the proceeds of Notes to pay claims owed to the Vendor Trust or otherwise owed to Trade Creditors, (d) payments required to be made pursuant to Section 3.1.5.1 and 3.1.5.2 of the Trade Receivables Repayment Agreement, (e) the CTRIP Obligations to the extent satisfied solely with a Permitted Equity Issuance, (f) regularly scheduled obligations with respect to the Indebtedness owed to Utica Leaseco, LLC, (g) payment of the Evergrande Debt from the proceeds of Notes, (h) the legal fees of HK$7,850,288 owing by FF Intelligent to Season Smart pursuant to the second emergency arbitral award dated 29 November 2018, (i) the unsecured Indebtedness in the amount of US$760,000 owing by FF Intelligent to Season Smart, (j) payment of interest paid-in-kind in accordance with the Trade Receivables Repayment Agreement, (k) payment of the Obligations in accordance with the Note Documents, provided that no cash interest payments shall be made on the Last Out Notes other than as provided in clause (q), (l) the Hanford Replenishment, (m) the Pre-A Debt Conversion, (n) payment of Indebtedness owing to Warm Time Inc., in an aggregate amount not to exceed $1,500,000 after the Second A&R Date, (o) payment in full of the Pacific Note Indebtedness, (p) any payment of Indebtedness of an Obligor or Subsidiary by an Obligor or Subsidiary payable solely in, or by conversion to, the Equity Interests of such Person (or any parent entity of such Person) (including, without limitation, pursuant to the Qualified SPAC Merger), (q) monthly payments of accrued cash interest in an amount not to exceed ten percent (10%) per annum to Chui Tin Mok with regard to his Last Out Notes, and (r) monthly payments of interest accrued under that certain unsecured promissory note, dated as of February 14, 2020, made by Faraday in favor of ▇▇▇▇▇▇▇▇ ▇▇▇▇ in accordance with the terms thereof.
Interim Distributions or “Exit Fee” as defined in and payable pursuant to Section 3.1.2 and 3.1.6, respectively, of the Trade Receivables Repayment Agreement,”
P. Section 9.1.10 of the Agreement is amended to disregard certain Judgments against the Chinese Subsidiaries, and as amended Section 9.1.10
(a) shall read in its entirety as follows:
(a) One or more final and non-appealable judgments (including any fine, penalty, writ of attachment or similar processes) (collectively, “Judgments”) are issued or rendered against any Obligor, any of their respective Subsidiaries, or any of their respective Property (i) in the case of money judgments in excess of $3,000,000, individually, or $6,000,000 in the aggregate, in each case not paid or covered by insurance from a reputable insurer who has not disclaimed coverage or by an indemnity from an investment-grade (i.e., rated Baa3 or better by ▇▇▇▇▇’▇ and BBB- or better by S&P) indemnitor which Judgment is not stayed, bonded over, released or discharged within sixty (60) days, and (ii) in the case of non-monetary Judgments, in each case which Judgment is not stayed, bonded over, released or discharged within sixty (60) days; provided that any amount bonded over in clauses (i) and (ii) may not be bonded in an amount higher than $3,000,000, individually, or $6,000,000 in the aggregate for all such bonds; and provided, further, that (A) a Judgment against any Obligor relating to the matter disclosed as Item #5 of the “Faraday&Future Inc. and Related Matters” section of Schedule 6.1.14 as of the Second A&R Date shall not be an Event of Default under this Section 9.1.10 as long as no payment is made by such Obligor and no enforcement action is taken with regard to such Judgment against any Obligor’s assets and (B) the Specified Judgments and any Judgments against any Chinese Subsidiaries (but not against any Obligor or against the Collateral) in an aggregate amount not to exceed 6,470,000 Chinese Yuan shall not be an Event of Default under this Section 9.1.10 as long as no payment is made by any Obligor and no enforcement action is taken with regard to such Judgment against any Obligor’s assets, or (b) there shall be instituted in any court criminal proceedings against any Obligor or Subsidiary (other than the Chinese Subsidiaries) or any Obligor or Subsidiary (other than the Chinese Subsidiaries) shall be indicted for any crime, in each case, for which the reasonably likely penalty is in excess of $3,000,000.”
Q. The Exhibit list in the Agree...
Interim Distributions means the interim distributions of assets to the holders of Allowed Claims to be made subsequent to the Effective pursuant to Section 6.5.
Interim Distributions has the meaning given to it in Section 7.1(a)(xviii).
Interim Distributions means all dividends or other distributions, whether involving cash, securities or other property, that would have been paid or payable in respect of the Share Consideration, assuming that such Share Consideration had been issued and outstanding on the date of this Agreement and remained issued and outstanding on the Closing Date.
Interim Distributions shall have the meaning set forth in the Recitals.