Maximum Distribution Amount definition

Maximum Distribution Amount means, at any time, the maximum amount of outstanding Secured Obligations (other than Unrestricted Secured Obligations) that may be secured by Liens on Restricted Property at such time without requiring that the Existing Senior Notes be equally and ratably secured by such Liens at such time.

Maximum Distribution Amount has the meaning assigned to it in Section 6.13(g).

Maximum Distribution Amount has the meaning set forth in the Fourth Amended and Restated Certificate of Incorporation.

Examples of Maximum Distribution Amount in a sentence

• Except as contemplated by this Agreement, as of the date hereof, Purchaser is not, and as of the Closing Date Purchaser will not be, subject to any Contract or other obligation with any Person that in any way prevents, prohibits, or otherwise restricts or conditions Purchaser's ability to make or pay the First Distribution Amount, Second Distribution Amount or the Maximum Distribution Amount, as the case may be, under Section IV.B of the Fourth Amended and Restated Certificate of Incorporation.

• This view is supported, in particular, by the fact that the P2G is not taken into account in the Maximum Distribution Amount (MDA) computation and consequently is not relevant information for holders of Additional Tier 1 (AT1) or Total Loss Absorbing Capacity (TLAC) instruments.

• If any Maximum Distribution Amount or Minimum Distribution Amount is specified in the applicable Issue Terms, then the Distribution Amount shall in no event be greater than the Maximum Distribution Amount or be less than the Minimum Distribution Amount so specified.

• The holder of an Allowed General Unsecured Claim shall, in full and complete settlement, satisfaction and discharge of such Allowed General Unsecured Claim, receive (i) one or more distributions from the Distribution Fund in an amount equal to its Pro Rata Share of the Allowed General Unsecured Claims Fund but in no event greater than the Maximum Distribution Amount, or (ii) such other treatment as may be consensually agreed to by the Debtor and the holder of the Allowed Unsecured Claim.

• The Maximum Distribution Amount will be proportional to the maximum amount BMS can cause BMS Subsidiary Shareholder to distribute to its direct parent in respect of the BMS Business.

More Definitions of Maximum Distribution Amount

Maximum Distribution Amount means, for any Calculation Period, the lower of:

Maximum Distribution Amount will have the meaning set forth in Section 3(a).

Maximum Distribution Amount means an amount determined as of any date after February 3, 2007 equal to (i) $80,000,000.00 minus (ii) all Restricted Payments permitted hereunder made after February 3, 2007 and (iii) either (a) plus 50% of Consolidated Net Income (if positive) for each fiscal quarter (beginning with the next fiscal quarter ending after February 3, 2007 and each fiscal quarter thereafter) or (b) minus 50% of Consolidated Net Income (if negative) for each fiscal quarter (beginning with the next fiscal quarter ending after February 3, 2007 and each fiscal quarter thereafter).

Maximum Distribution Amount means an amount equal to $0.45 per outstanding unit of Capital Stock of K-Sea, which amount shall be adjusted for (a) any subdivision of the outstanding units of Capital Stock into a larger number of units and (b) any combination of the outstanding units of Capital Stock into a smaller number of units, in each case at the time of such event, by multiplying such amount by a fraction (i) the numerator of which shall be the total number of outstanding units immediately prior to such event and (ii) the denominator of which shall be the total number of outstanding units immediately after such event.

Maximum Distribution Amount shall be inserted as follows: “means an amount equal to $0.45 per outstanding unit of Capital Stock of the Borrower, which amount shall be adjusted for (a) any subdivision of the outstanding units of Capital Stock into a larger number of units and (b) any combination of the outstanding units of Capital Stock into a smaller number of units, in each case at the time of such event, by multiplying such amount by a fraction (i) the numerator of which shall be the total number of outstanding units immediately prior to such event and (ii) the denominator of which shall be the total number of outstanding units immediately after such event;”

Maximum Distribution Amount means an amount equal to (a) the aggregate principal amount of the Advances made on the Effective Date,minus (b) the Debt Service Reserve Required Amount as of the Effective Date, minus (c) the Capital Contribution Reserve Required Amount as of the Effective Date, minus (d) the aggregate amount of Transaction Costs paid on the Effective Date and the amount thereof reasonably expected to be paid (whether incurred before or after the Effective Date) after the Effective Date as relating to the Transaction.

Maximum Distribution Amount means an amount equal to the sum of (x) Excess Availability on the Amendment No. 1 Effective Date (after giving effect to Amendment No. 1 and any prepayment of Loans on the Amendment No. 1 Effective Date) minus $85,000,000 and (y) the proceeds of the Second Lien Loans in excess of the amount of such proceeds required to (I) redeem the Second Lien Notes (including accrued interest and premium thereon, and fees, costs and expenses incurred in connection therewith) and (II) repay the Loans outstanding immediately prior to the Amendment No. 1 Effective Date in order to satisfy the condition set forth in Section 4(d)(i) of Amendment No. 1.