Monthly Distributions definition
Examples of Monthly Distributions in a sentence
Notwithstanding the foregoing, any payment due to CPG pursuant to this ESA shall be contingent upon Competitive Supplier being paid the owed Monthly Distributions.
Upon the effective date of termination of the ESA, all rights and privileges granted to, and obligations imposed on, the Competitive Supplier shall cease, with the exception of Competitive Supplier’s right to collect all monies due for services rendered, including any outstanding Monthly Distributions and except as otherwise expressly provided in this ESA.
Competitive Supplier shall be permitted to claw-back any payments for Monthly Distributions owed to Competitive Supplier for which Competitive Supplier has not received payment pursuant to Section 5.4.2(e) by retaining the Consultant Fee.
Upon the effective date of termination of the ESA, all rights and privileges granted to, and obligations imposed on, the Competitive Supplier shall cease, with the exception of Competitive Supplier’s right to collect all monies due for services rendered, including any outstanding Monthly Distributions (as defined in Article 5.4.2) and except as otherwise expressly provided in this ESA.
Competitive Supplier shall be permitted to retain an equivalent portion of the Consultant Fee payment for Monthly Distributions owed, but not paid, to Competitive Supplier pursuant to Section 5.4.2(e).
Distributions of Monthly Distributions on Preferred Securities..........................................................................
The Company may cease liquidating its Properties when the Company no longer has any Overdue Mandatory Monthly Distributions.
The Mandatory Monthly Distributions (as defined in Section 5.1(a) herein) shall be paid in full each month prior to payment of any distributions on any series of Preferred Units.
If the Company fails, for any reason, to pay any Mandatory Monthly Distribution(s) in a timely manner (“Overdue Mandatory Monthly Distributions”), the Company shall begin liquidating its Properties (which may or may not include its Real Properties) as quickly as commercially reasonable and shall pay the Common Unit Holders interest on any Overdue Mandatory Monthly Distributions at the rate of ten percent (10%) per annum.
The Mandatory Monthly Distributions shall be paid to the holders of record of Class 1 Units as of the first day of the month and mailed by the Company to such holders of record no later than the last day of each month.