No Distributions definition

No Distributions. Crossvue has not made nor has any intention of making any distribution or payment to any shareholder with respect to the any Crossvue security. Liabilities: Crossvue has no material direct or indirect indebtedness, liability, claim, loss, damage, deficiency, obligation or responsibility, fixed or unfixed, c▇▇▇▇▇ or inchoate, liquidated or unliquidated, secured or unsecured, accrued, absolute, contingent or otherwise ("Liabilities"), whether ----------- or not of a kind required by generally accepted accounting principles, to be set forth on a financial statement, other than (i) Liabilities fully and adequately reflected or reserved against on the Crossvue Balance Sheet, (ii) Liabilities incurred since the Balance Sheet Date in the ordinary course of the business of Crossvue, or (iii) Liabilities otherwise disclosed in this Agreement, including the exhibits and the Crossvue Disclosure Schedule.
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No Distributions. Neither Nettaxi nor its subsidiaries has made nor has any intention of making any distribution or payment to any of its shareholders in respect of Nettaxi stock.
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No Distributions. RAE Systems has not made nor has any intention of making any distribution or payment to any of its shareholders in respect of RAE Systems stock.
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Examples of No Distributions in a sentence

  • NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, NO DISTRIBUTIONS SHALL BE MADE TO MEMBERS IF PROHIBITED BY THE ACT.

  • Requirements of Section 8.11 of the Agreement: NO DISTRIBUTIONS WILL BE DECLARED OR PAID TO FIRST NLC'S MEMBERS (INCLUDING ANY PURCHASE OR REDEMPTION OF MEMBERSHIP INTERESTS) IF, EITHER BEFORE OR AFTER GIVING EFFECT THERETO, AN EVENT OF DEFAULT WILL HAVE OCCURRED AND BE CONTINUING.

  • NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, NO DISTRIBUTIONS SHALL BE PAYABLE TO ANY EIP PARTICIPANT WITH RESPECT TO ANY UNVESTED PROFITS INTERESTS ALLOCATED TO SUCH PARTICIPANT.

  • ON THE NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE IS DISTRIBUTABLE MONTHLY AS SET FORTH HEREIN; HOWEVER, THIS CERTIFICATE HAS NO PRINCIPAL BALANCE AND, ACCORDINGLY, NO DISTRIBUTIONS OF PRINCIPAL SHALL BE MADE IN RESPECT OF THIS CERTIFICATE.


More Definitions of No Distributions

No Distributions. PNI has not made nor has any intention of making any distribution or payment to any Shareholder with respect to the PNI Stock.
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Related to No Distributions

  • Distributions means amounts payable in respect of the Trust Securities as provided in Section 4.1.

  • Cash Distributions means dividends, interest and other distributions and payments (including proceeds of liquidation, sale or other disposition) made or received in cash upon or with respect to any Collateral.

  • Tax Distributions has the meaning set forth in Section 4.01(b)(i).

  • Final Distributions means, with respect to the Certificates of any Trust on any Distribution Date, the sum of (x) the aggregate amount of all accrued and unpaid interest on such Certificates (excluding interest, if any, payable with respect to the Deposits relating to such Trust) and (y) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (less the amount of the Deposits for such Class of Certificates as of such preceding Distribution Date other than any portion of such Deposits thereafter used to acquire Equipment Notes pursuant to the Note Purchase Agreement). For purposes of calculating Final Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest on the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Final Distributions.

  • Permitted Tax Distributions means (a) for so long as the Borrower or any of its Subsidiaries are members of a group filing a consolidated, combined, affiliated or unitary income tax return with any direct or indirect parent of the Borrower, payments, dividends, or distributions, directly or indirectly, to such direct or indirect parent of the Borrower in amounts required for such parent entity to pay federal, state and local income (and franchise or other similar Taxes imposed lieu of income) Taxes imposed on such entity to the extent such Taxes are directly attributable to the income of the Borrower and its Subsidiaries; provided, however, that the amount of such payments in respect of any tax year does not, in the aggregate, exceed the amount that the Borrower and its Subsidiaries that are members of such consolidated, combined, affiliated or unitary group would have been required to pay in respect of such Taxes (as the case may be) in respect of such year if the Borrower and its Subsidiaries paid such Taxes directly on a separate company basis or as a stand-alone consolidated, combined, affiliated or unitary tax group (reduced by any such Taxes paid directly by the Borrower or any Subsidiary); and provided, further, that any such cash distributions made in respect of any Taxes attributable to the income of any Unrestricted Subsidiaries of the Borrower may be made only to the extent that such Unrestricted Subsidiaries have made cash payments for such purpose to the Borrower or any of its Restricted Subsidiaries and (b) with respect to any calendar year during which the Borrower is classified as a partnership or disregarded entity for U.S. federal income tax purposes, payments, dividends, or distributions by a Loan Party, on or prior to each estimated tax payment date as well as each other applicable due date but no more frequently than quarterly, in an aggregate amount not to exceed the product of (i) the total aggregate taxable income of the Borrower and its Restricted Subsidiaries (or estimates thereof) which is allocable to its members or partners as a result of the operations or activities of the Borrower and its Restricted Subsidiaries during the relevant period, calculated without regard to any tax deductions or basis adjustments arising under Section 743 of the Code attributable to the assets of the Borrower (provided, however, that such tax deductions or basis adjustments shall be taken into account if an Event of Default shall have occurred and be continuing), multiplied by (ii) the highest combined marginal federal, state and local income tax rates (including Section 1411 taxes) applicable to any member or partner of the Borrower (or, if any of them are themselves a pass-through entity for U.S. federal income tax purposes, their members or partners) determined by taking into account the character of the income and loss allocable to the members or partners as it affects the applicable tax rate, after taking into account any losses from prior periods allocated to the members or partners by the Borrower, to the extent not taken into account as a reduction in taxable income hereunder in prior periods; provided that, taxable income of the Borrower and its Restricted Subsidiaries for any period shall take into account any increases or decreases thereto as a result of any amended tax return or any tax examination, audit or adjustment; provided, further, that if the aggregate amount of Permitted Tax Distributions made for a taxable year exceeds the amount of Permitted Tax Distributions that would have been permitted based on the taxable income of Borrower and its Restricted Subsidiaries, as finally determined following the close of such year (including as a result of any amended tax return or any tax examination, audit or adjustment), then the amount of such excess shall be credited against the next Permitted Tax Distributions permitted to be made with respect to subsequent taxable periods.