Net Distributions definition

Net Distributions means the Net Amount of any dividend, coupon or similar distribution amount paid on any Underlying.

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Net Distributions means, for any period, 100% of Distributions and Sale Proceeds actually received by the Credit Parties during such period in respect of Fund Assets, which Distributions and Sale Proceeds may be net of any (i) taxes or (ii) general corporate operating expenses, in each case, reasonably expected to be required and paid during the relevant period. If the value of any Distribution or any amount netted therefrom as described above is reported in a currency other than Dollars, then for purposes of determining the amount of Net Distributions, the currency of the foregoing shall be promptly converted into Dollars and reported in accordance with the usual and customary policies and procedures of the Borrower.

Net Distributions has the meaning set forth in Section 4.6;

Examples of Net Distributions in a sentence

The Capital Account of a Member shall be: (i) credited with: (x) such Member’s initial capital contribution, (y) allocations of Net Profits to such Member, and (z) additional capital contributions made by such Member, including, without limitation, Capital Expenditures, and (ii) decreased by: (x) allocations of Net Losses to such Member, and (y) distributions to such Member of Capital Expenditure Distribution Amounts or Net Distributions.
All Net Distributions shall be made directly to the Master Collateral Account.
Evidence that Borrower has established with Lender the Master Collateral Account (into which all Net Distributions shall be deposited).
The Company shall not appropriate for itself any Trust Financial Assets save in accordance with, and to the extent of, its rights to make a Permitted Deduction or receive Net Distributions pursuant to the Common Terms or pursuant to Clause 12.
At any time after the granting of such waiver, but not more often than once a year, the Trustee may make a written request for a supplemental report (in form reasonably acceptable to the Trustee) from such insurance advisor(s) updating the prior report and reaffirming the conclusions set forth therein.

More Definitions of Net Distributions

Net Distributions means Distributions less Permitted Deductions.

Net Distributions has the meaning set forth in Section 11.02(b)(v).

Net Distributions means gross distributions for products utilizing Licensed Patents and Licensed Technology from joint ventures with AtheroGenics or an Affiliate of AtheroGenics, net of discounts, allowances, sales or other similar taxes, rebates and returns, import and/or export duties, and outbound transportation prepaid or allowed. Net Distributions shall be calculated per product line incorporating Licensed Products and shall include any funds or other valuable consideration received by AtheroGenics or an Affiliate of AtheroGenics.

Net Distributions is to be understood as Distributions minus Permitted Deductions.

Net Distributions means, for any period, an amount equal to the aggregate amount of distributions actually received by Borrower from Acquisition SPV (whether directly or by deposit to the Master Collateral Account) during such period.

Net Distributions means, with respect to each Membership Interest, the amount of actual distributions pursuant to this Article IX or Article XIII (but excluding distributions pursuant to Sections 9.2 and 9.3) received by a Member (or predecessor in interest of a Member) with respect to such Membership Interest since the Measurement Date, less the amount of all contributions made to the Company with respect to such Membership Interest by such Member (or the predecessor in interest of such Member) as required by paragraphs (d) and (e) of Section 3 of Annex B or Section 13.2(a). To the extent that at the time of any distributions are required under this proviso, Available Funds are insufficient to satisfy the amount of all distributions described in this proviso, then such Available Funds as are available for distribution shall be distributed to each Member in proportion to the amount distributable to such Member pursuant to this proviso.

Net Distributions means for any period an amount (which shall not be less than $0) equal to the sum of (a) Distributions paid in cash during such period, plus, without duplication, (b) Distributions constituting repayment of the Accrued Dividends Payable or the Subordinated Dividend Note Payable (excluding the $10,000,000 paid in December, 2010 and the portion thereof (not to exceed $31,000,000) paid on the Effective Date with the proceeds of the credit facilities provided under this Agreement and excluding any Distribution to the Borrower’s shareholders of the proceeds of any Distribution by an Unrestricted Subsidiary to the Borrower or any Credit Party), minus (c) the Net Proceeds of issuances of Equity Interests during such period.