Owner Distributions definition

Owner Distributions means Borrower’s payments to Borrower’s members for profits, bonuses, and any other payment or distributions to Borrower’s shareholders or members.

Examples of Owner Distributions in a sentence

  • Owner Distributions for Partially-assisted Projects that qualify for increased distributions under Section 2-12 D.

  • Owner Distributions for 100 percent Section 8 Assisted Properties.

  • Preemption of State Laws Limiting Owner Distributions Section 2-6For consistency in administering the program as it relates to Owner distributions,Section 524(f) of MAHRA preempts State and local laws and regulations that limit or restrict owner distributions to an amount less than that provided for under regulations of the Secretary.

  • Owner Distributions – Details how distributions of income are made to the owner.

  • Owner Distributions for Partially-Assisted Properties Section 3-10 Partially-Assisted Properties that are neither Section 236, 221(d)(3) BMIR, nor Section 515.Owners of these properties may take all surplus cash generated on all units in any project year.

  • The for-profit Owner modifies its existing MAHRA contract to add enough years when combined with the existing term to have a 20 year remaining life on the MAHRA contract.B. Owner Distributions for 100% Section 8 AssistedProperties: 1.

  • Owner Distributions for Partially-Assisted Properties Section 3-10 Partially-Assisted Properties that are neither Section 236, 221(d)(3) BMIR, nor Section 515.

  • FINAL OHCS Response 12-7-04735 Finding 5: Oregon Housing Inappropriately Allowed Four Projects To Distribute $62,106 Of Residual Receipts When Surplus Cash Was Not Sufficient To Pay Owner Distributions.

  • Comment 41Response: OHCS Acted Consistent With Applicable Legal Authority, Including Controlling Loan Documents, In Reasonably Exercising Its Discretionary Authority To Allow The Use Of Limited Receipts Reserves To Cover Shortfalls In Owner Distributions.

  • NAPS did not receive regular Owner Distributions through FY 2018.

Related to Owner Distributions

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Rollover Distribution shall be defined as set forth in Section 5.05, herein."

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • 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.

  • 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.

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

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

  • Qualified Reservist Distribution means a distribution (i) from an IRA or elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (ii) to an individual ordered or called to active duty after September 11, 2001 (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (iii) made during the period beginning on the date of the order or call and ending at the close of the active duty period.

  • Hardship Distribution means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of his or her dependent (as defined in Section 152(a) of the Code), loss of a Participant’s property due to casualty, or other similar or extraordinary and unforseeable circumstances arising as a result of events beyond the control of the Participant. The circumstances that would constitute an unforseeable emergency will depend upon the facts of each case, but, in any case, a Hardship Distribution may not be made to the extent that such hardship is or may be relieved (i) through reimbursement or compensation by insurance or otherwise, (ii) by liquidation of the Participant’s assets, to the extent the liquidation of assets would not itself cause severe financial hardship, or (iii) by cessation of deferrals under this Plan.

  • Distribution facilities means electric facilities located in Delaware that are owned by a public utility that operate at voltages of 34,500 volts or below and that are used to deliver electricity to Retail Electric Customers, up through and including the point of physical connection with electric facilities owned by the Retail Electric Customer.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Distributable Items means, as prescribed by CRD IV, the amount of the profits at the end of the last financial year plus any profits brought forward and reserves available for that purpose before distributions to holders of own funds instruments less any losses brought forward, profits which are non-distributable pursuant to provisions in legislation or the institution’s by-laws and sums placed to non-distributable reserves in accordance with applicable national law or the statutes of the institution, those losses and reserves being determined on the basis of the individual accounts of the institution and not on the basis of the consolidated accounts, or any successor provision thereto;

  • Initial Capital Contributions has the meaning set forth in Section 3.01.

  • Distribution Expenses means, with respect to all rights granted to LGF hereunder, one hundred percent (100%) of the aggregate of all actual, direct, out-of-pocket, third xxxxx costs expended or incurred by LGF in direct connection with the distribution and exploitation of the Picture throughout the Territory in all media, including, without limitation, all DLT Creation Costs, and all conversion, manufacturing, duplication, shipping, marketing, advertising, promotion and publicity costs, and all costs to complete Delivery of the Picture (to the extent (i) LGF elects to cure any failure of Grantor to complete Delivery of the Picture in accordance with the Delivery Schedule and/or (ii) LGF is required to take "access" to any Delivery Materials pursuant to the Delivery Schedule; and/or fiii) Grantor is not required to deliver such elements under the Delivery Schedule). "The Night of the Dead 3D" DM.03

  • Distribution Costs means all costs of:

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Liquidation Distribution has the meaning specified in Section 9.4(d).