Liquidating Distributions definition

Liquidating Distributions shall have the meaning provided in Section 6(a).
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 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 shares of Series A Preferred Stock will have no right or claim to any of the remaining assets of the Corporation.

  • All Liquidating Distributions to the holders of the Non-Voting Common Stock and Common Stock set forth in clause (ii) above will be made pro rata to the holders thereof.

  • That account, in turn, is invested in fixed-income instruments such as treasury bonds, corporate bonds, and mortgage-backed securities.

  • Until each holder of shares of Class B EPS has received distributions equal to the Class B Liquidation Preference, no Junior Liquidating Distributions may be paid to holders of any other class or series of shares of beneficial interest in the Trust.

  • Liquidating Distributions will be made to the Unitholders in accordance with their positive Capital Account balances, subject to Section 3.6(a), after payment of any obligations.


More Definitions of Liquidating Distributions

Liquidating Distributions means distributions of Partnership property made upon a liquidation and dissolution of the Partnership as provided in Article XII.
Liquidating Distributions means all Distributions made pursuant to Section 5.1(d).
Liquidating Distributions shall have the meaning provided in Section 6(a) of this Amendment.
Liquidating Distributions has the meaning given to such term in Section 22(c)(iii).
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 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 $7.50. The parties acknowledge that Liquidating Distributions shall continue until the Company shall file all final reports, returns or other filings with all governmental authorities, including but not limited to the IRS and the SEC. EXHIBIT E
Liquidating Distributions has the meaning set forth with respect thereto in SECTION 3.1(c).