Priority Distributions definition

Priority Distributions means the Cash distributions made by the Liquidating Trust, in its capacity as Disbursing Agent, to holders of Allowed Priority Claims.
Priority Distributions means distributions to the Tribe by the Authority in an aggregate amount not to exceed in any fiscal year (inclusive of Priority Distributions made prior to the Issue Date under the Existing Indebtedness) the greater of (i) $70.0 million and (ii) 20% of Consolidated Cash Flow for the prior fiscal year; provided that, subject to the next succeeding proviso, not more than $25.0 million of the Priority Distributions permissible in any fiscal year shall be made in any fiscal quarter; provided, further, that the amount of Priority Distributions permitted to be made in any fiscal quarter shall be increased by the unused amount of Priority Distributions (without the accrual of interest thereon) allocated for any prior fiscal quarter. Priority Distributions include priority distribution payments made by the Authority under the Priority Distribution Agreement.
Priority Distributions means distributions to the Tribe by the Authority in an aggregate amount not to exceed $54.1 million in fiscal year 2015, and, in each fiscal year beginning with fiscal year 2016, the initial amount available for Priority Distributions in the prior fiscal year increased by the percentage by which the Consumer Price Index increased in the prior calendar year (subject to a floor of 2.00% per annum and a cap of 4.00% per annum); provided, that, subject to the next succeeding proviso, not more than $15 million of the Priority Distributions permissible in any fiscal year shall be made in any fiscal quarter; provided, further, that the amount of Priority Distributions permitted to be made in any fiscal quarter shall be increased by the unused amount of Priority Distributions (without the accrual of interest thereon) allocated for any prior fiscal quarter.

Examples of Priority Distributions in a sentence

  • The foregoing contact provision establishes the fact that the Plaintiffs knew from the outset that the Defendants had the contractual right to change ownership “without any restrictions.” This notice, then, creates a genuine issue of fact on whether the change of control in this case was a material event to the franchise system.

  • After the holders of the Class B Common Shares have received an amount equal to the Liquidation Preference plus any accumulated and unpaid Priority Distributions (whether or not declared) on the Class B Common Shares to the date of distribution, the holders of the Priority Common Shares shall share ratably with the holders of the Class B Common Shares in the assets of the Company.

  • In the event of any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, during the Priority Period, the holders of the Priority Common Shares shall be entitled to receive, prior to any liquidating payments to the holders of the Class B Common Shares, $6.00 per Priority Common Share (the “Liquidation Preference”), plus any accumulated and unpaid Priority Distributions (whether or not declared) on the Priority Common Shares to the date of distribution.

  • Priority Distributions (November 2008 COM at 0227765–66; February 2009 COM at 27–28; November 2009 COM at CAP 0325599.) The COMs do not specify what percentage of the Fund’s operating cash flows would be dedicated to paying expenses on the real estate acquired from Hennessey or interest payments to its existing investors.

  • The first step is discussing the proposals and understanding what the community wants to do.


More Definitions of Priority Distributions

Priority Distributions is defined in Section 12.1.
Priority Distributions means Restricted Junior Payments made to the Tribe which may consist of distributions by the Borrower to the Tribe; provided that Restricted Junior Payments made by the Borrower to the Tribe pursuant to Section 6.04(h) or (i) shall not reduce the amount of Restricted Junior Payments permitted under Section 6.04(f)(i).
Priority Distributions means Distributions made by Borrower to the Tribe during any calendar year in the aggregate amount which does not exceed the Priority Distribution Limit for such calendar year.
Priority Distributions means distributions to the Tribe by the Authority in an aggregate amount not to exceed $60.0 million in any fiscal year 2017(inclusive of “priority distributions” Priority Distributions made prior to the Issue Date under the Existing Indebtedness) the greater of (i) $60.0M $70.0 million in fiscal year 2018, and, in each and (ii) 20% of Consolidated Cash Flow for the prior fiscal year thereafter, $60.0 million; provided that, subject to the next succeeding proviso, not more than $20.0$25.0 million of the Priority Distributions permissible in any fiscal year shall be made in any fiscal quarter; provided, further, that the amount of Priority Distributions permitted to be made in any fiscal quarter shall be increased by the unused amount of Priority Distributions (without the accrual of interest thereon) allocated for any prior fiscal quarter. Priority Distributions include priority distribution payments made by the Authority under the Priority Distribution Agreement.
Priority Distributions means Distributions made by Borrower to the ---------------------- Tribe in the aggregate amount of which do not exceed $14,000,000 in any calendar year, plus for 2000 and each subsequent year, an annual adjustment in a ---- percentage equal to the Consumer Price Index adjustment published for that year.
Priority Distributions means Distributions made by the Existing Casino Operations to the general fund of the Tribe to finance essential governmental functions in equal monthly installments during each calendar month following December 31, 2000, the aggregate amount of which shall not exceed $55,00,000 during the Fiscal Year ending September 30, 2001, increasing by 5% per annum for each subsequent Fiscal Year.
Priority Distributions means distributions to the Tribe by the Authority in an aggregate amount not to exceed in any fiscal year (x) $40.0 million plus (y) if the Fixed Charge Coverage Ratio for the Authority’s most recently ended four full fiscal quarters for which internal consolidated financial statements are available immediately preceding the date on which such distribution is made, if made during the fiscal year set forth below, was not less than the ratio set forth below, an additional $10.0 million: Fiscal Year Fixed Charge Coverage Ratio 2012, 2013, 2014 1.25 to 1.00 2015 and beyond 1.50 to 1.00 provided that, subject to the next succeeding proviso, not more than 25% of the Priority Distributions permissible in any fiscal year shall be made in any fiscal quarter; provided, further, that the amount of Priority Distributions permitted to be made in any fiscal quarter shall be increased by the unused amount of Priority Distributions (without the accrual of interest thereon) allocated for any prior fiscal quarter, subject, in the case of Priority Distributions deferred due to failure to comply with the Fixed Charge Coverage Ratio test set forth above, compliance with such Fixed Charge Coverage Ratio test.