Liquidating Distributions definition
Liquidating Distributions shall have the meaning provided in Section 6(a).
Liquidating Distributions means distributions of Partnership property made upon a liquidation and dissolution of the Partnership as provided in Article XII.
Liquidating Distributions has the meaning assigned to it in Section 4(a) hereof.
Examples of Liquidating Distributions in a sentence
After payment of the full amount of the Liquidating Distributions to which they are entitled, the holders of Series C Preferred Units shall have no right or claim to any of the remaining assets of the Partnership.
After payment of the full amount of the Liquidating Distributions to which they are entitled, the holders of Series B Preferred Units shall have no right or claim to any of the remaining assets of the Partnership.
After payment of the full amount of the Liquidating Distributions to which they are entitled, holders of Series A Preferred Units will have no right or claim to any of the remaining assets of the Partnership.
More Definitions of Liquidating Distributions
Liquidating Distributions means the net cash proceeds received by the Partnership from (a) the sale, exchange, condemnation, eminent domain taking, casualty or other disposition of substantially all of the assets of the Partnership or the last remaining assets of the Partnership or (b) a liquidation of the Partnership’s assets in connection with a dissolution of the Partnership, after (i) payment of all expenses of such sale, exchange, condemnation, eminent domain taking, casualty or other disposition or liquidation, including real estate commissions, if applicable, (ii) the payment of any outstanding indebtedness and other liabilities of the Partnership, (iii) any amounts used to restore any such assets of the Partnership, and (iv) any amounts set aside as reserves which the General Partners in their sole discretion may deem necessary or desirable.
Liquidating Distributions shall have the meaning provided in Section 6(a) of this Amendment.
Liquidating Distributions means the net cash proceeds received by the Trust from (a) the sale, exchange, condemnation, eminent domain taking, casualty or other disposition of substantially all of the assets of the Trust or the last remaining assets of the Trust or (b) a liquidation of the Trust Assets in connection with a dissolution of the Trust, after (i) payment of all expenses of such sale, exchange, condemnation, eminent domain taking, casualty or other disposition or liquidation, including real estate commissions, if applicable, (ii) the payment of any outstanding indebtedness and other liabilities of the Trust, (iii) any amounts used to restore any such assets of the Trust, and (iv) any amounts set aside as reserves which the Managing Trustee in its sole discretion may deem necessary or desirable.
Liquidating Distributions means all Distributions made pursuant to Section 5.1(d).
Liquidating Distributions means the net cash proceeds available to be distributed by the Trust to the Beneficiaries from (a) the Sale of substantially all of the assets of the Trust or the last remaining assets of the Trust or (b) a liquidation of the Trust Assets in connection with a dissolution of the Trust, after (i) payment of all expenses of such Sale or liquidation, including real estate and other brokerage commissions and disposition fees, if applicable, (ii) the payment of any outstanding indebtedness and other liabilities of the Trust, (iii) any amounts used to restore any such assets of the Trust, and (iv) any amounts set aside as reserves which the Managing Trustee in its sole discretion may deem necessary or desirable.
Liquidating Distributions has the meaning set forth with respect thereto in SECTION 3.1(c).
Liquidating Distributions means an amount equal to the sum of (x) all distributions to the Company's common shareholders made on any date during the period commencing on September 1, 2000 and ending on December 31, 2000 in excess of an amount equal to the net operating income for the fiscal quarter in which such distribution is made (taking into consideration any other distributions made in such quarter) less other non-property cash expenses including, but not limited to, interest, severance, so-called "G&A" and corporate overhead asset management fees, settlement of shareholder and other lawsuits, environmental remediation costs, distributions and other payments to holders of preferred shares or preferred units, in each case to the extent such deducted amounts were not taken into consideration in determining net operating income and (y) all distributions to the Company's common shareholders made from and after January 1, 2001 in excess of taxable income available to the Company's common shareholders (i.e., net of dividends, distributions and other similar amounts paid to holders of the preferred shares, and excluding gains or losses from a sale of the Properties) in accordance with the 1099s issued by the Company to its common shareholders which shall have been reviewed by a Big 5 accounting firm. Payment shall be made within 30 days following the date the Company issues 1099s to its common shareholders (subject to subsequent adjustment in the event required in connection with any audit thereafter). The Disposition Incentive Fee shall be payable at such time as the aggregate amount of Liquidating Distributions made to shareholders exceeds $7.50 per share (as may be adjusted for any stock split, reverse stock split or similar event occurring after the date hereof), in which event, the Liquidator shall receive an amount equal to ten percent (10%) of all Liquidating Distributions in excess of $7.