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 has the meaning set forth in Section 4.6;

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.

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.

• Each Consenting Beneficiary releases, and (if applicable) reassigns, or agrees to procure such release or reassignment of, any Security Interest or other encumbrance or assignment which was created or made in its favour that would or might prevent or restrict any Net Distributions or Permitted Deductions, the creation or payment out of any Reserve or the sale of any Trust Financial Asset.

• 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.

• Further, Manager shall, in accordance with Section 7(a)(iii), make the appropriate adjustments to future monthly Net Distributions to Owner, and/or Manager or Owner shall make such payments, as are necessary to implement the adjustments for such quarter as to recalculated.

• If any Net Distributions are not made directly to the Master Collateral Account, such amounts shall be held by Borrower IN TRUST for Lender and shall forthwith (but not more than three (3) Business Days after receipt thereof) be paid over to the Master Collateral Account in the form received (except for any necessary endorsements).

More Definitions of Net Distributions

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

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 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 shall have the meaning set forth in Section 4.6 hereof.

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