Leveraged Distribution definition

Leveraged Distribution means the borrowing by AECO and Gas Storage US and the distribution, directly or indirectly (and including by means of inter-company loans), of an amount equal to the proceeds of the Offering, less the Underwriters’ Spread on the Firm Units, Offering Expenses, and Retained Cash.
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Examples of Leveraged Distribution in a sentence

  • AECO will borrow an amount equal to 65% of the Leveraged Distribution under its revolving credit facility and loan such funds to Gas Storage Canada; Gas Storage Canada will loan such funds to NGSC; NGSC will loan such funds to Niska II; Niska II use such funds to repay a portion of the note owed to Niska II Holdings; Niska II Holdings will distribute such funds to ▇▇▇▇▇ Canada.

  • Gas Storage US will borrow an amount equal to 35% of the Leveraged Distribution under its revolving credit facility and loan such amount to ▇▇▇▇▇ I; ▇▇▇▇▇ I will distribute such funds to ▇▇▇▇▇ US.

  • Gas Storage US will borrow an amount equal to 35% of the Leveraged Distribution under its revolving credit facility and loan such amount to ▇▇▇▇▇ I; ▇▇▇▇▇ I will distribute such funds to ▇▇▇▇▇ US; and ▇▇▇▇▇ US and ▇▇▇▇▇ US will distribute such funds to its limited partners in accordance with the terms of the ▇▇▇▇▇ US Agreement.