Prior Distributions definition

Prior Distributions means distributions made to the Partners pursuant to Section 7.1 or 7.3.

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Prior Distributions means distributions made to the Members pursuant to Sections 4.1 or 4.2 hereof.

Prior Distributions means, with respect to any Legacy Class A Stockholder, as of any date of date of determination, the aggregate amount of any distributions of proceeds from capital transactions and available cash and tax distributions received by such Legacy Class A Stockholder or its predecessor in interest (as applicable) in respect of membership interests in the LLC previously held by such Legacy Class A Stockholder or its predecessor in interest (as applicable) (including, for the avoidance of doubt, any such amounts distributed to such Legacy Class A Stockholder or its predecessor in interest (as applicable) with respect to membership interests in the LLC acquired pursuant to the exercise of any preemptive rights).

Examples of Prior Distributions in a sentence

• The Transferee will succeed to the attributes of the Transferor of the Transferred Shares (including, for the avoidance of doubt, Capital Contributions, Unpaid Class A Preferred Return, Unrecovered Capital, Prior Distributions, in each case, as such terms are defined in the Certificate of Incorporation) for purposes of applying the provisions of the Certificate of Incorporation to such Transferred Shares, except as otherwise provided in any amendment to this Agreement joining the Transferee as a Party.

• In addition to the other provisions set forth in this Agreement, BUYER’s agreement to pay the Purchase Price for the Transferred Claim Rights is expressly subject to and conditioned upon SELLER’s receipt of the Prior Distributions including, but not limited to, SELLER’s receipt of all interim distributions authorized to be paid to SELLER pursuant to the Third Bulk Transfer Order.

• Within five business days of Receipt, CHT and CMC shall receive, via wire transfer of immediately available funds to the Escrow Account (as defined below), one-half of Distributions received into the PIBL Account in excess of $4,500,000 in gross Distributions (inclusive of the Prior Distributions as though the Prior Distributions had been paid into the PIBL Account).

• Tax Distributions shall be made on or before the 15th day following the end of each Estimated Tax Quarter in which an event described in the preceding sentence occurs in an amount equal to the Formation Member's Presumed Tax Liability for such Estimated Tax Quarter, less the aggregate amount of Prior Distributions previously made to the Formation Member that relate to such calendar year.

• This is because Class Member A’s percentage of Prior Distributions equals 0.1% ($10,500/$10,500,000=0.001), and the Net Settlement Amount multiplied by 0.1% equals $12,000 ($12,000,000*0.001=$12,000).

• Each Settlement Class Member’s Settlement Credit Amount shall be equal to the Net Settlement Amount multiplied by the percentage of all Prior Distributions distributed to that Settlement Class Member (or to the Participant on whom the Settlement Class Member’s membership in the Class is based).1 In accordance with the procedures set forth in this Article, as approved or modified by the Court, the Settlement Administrator will distribute to each Class Member their Settlement Credit Amount.

• Tax Distributions shall be made on or before the 15th day following the end of each Estimated Tax Quarter in which an event described in the preceding sentence occurs in an amount equal to the Formation Member’s Presumed Tax Liability for such Estimated Tax Quarter, less the aggregate amount of Prior Distributions previously made to the Formation Member that relate to such calendar year.

More Definitions of Prior Distributions

Prior Distributions means, with respect to any Tax Distribution to be made to a Member, all Distributions made to such Member prior thereto or concurrently therewith with respect to a particular taxable year.

Prior Distributions means the aggregate amount of seventy-eight million seven hundred eighty-two thousand one hundred and twenty-one dollars (USD 78,782,121.00), plus any dividend, distribution or redemption proceeds paid by the company in respect of any class D preferred share (including if paid on an as-if-converted basis) after the Original Issuance Date (as defined in paragraph 18.1) up to and including the date of a Liquidity Event (as defined in paragraph 23.5) or a conversion pursuant to paragraph 6.6 (including, without limitation, any Class D Cumulative Dividends, whether paid in connection with such Liquidity Event or prior thereto);

Prior Distributions means all distributions from the Plan issued to Participants or their Beneficiaries or Alternate Payee before the Settlement Agreement Execution Date. It is the understanding of the Settling Parties, Class Counsel, and Defense Counsel that the last Prior Distributions were issued from the Plan in 2020. Subject to confirmation by the Settlement Administrator, it is the understanding of the Settling Parties, Class Counsel, and Defense Counsel that the aggregate amount of Prior Distributions is $10,498,570.

Prior Distributions means the aggregate fair market value of dividends or other distributions, if any, paid to the holders of Class A Ordinary Shares and Class B Ordinary Shares, in the aggregate, prior to the consummation of, and not in connection with, an Extraordinary Transaction.