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.

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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 is defined in Section 12.1.

Examples of Priority Distributions in a sentence

For the avoidance of doubt, Priority Distributions shall not be Company Expenses.
The Executive Committee shall distribute to the Members promptly following receipt the amount of all Tax Priority Distributions which amounts shall be allocated and distributed among the Members in accordance with their Common Units.
During each Fiscal Year within the Priority Period, if the Management Committee determines that the Company has cash available after payment of the Special Distribution, required operating expenses and liabilities of the Company, Reimbursable Member Expenses and Project Management Expenses, the Company shall distribute to Acadia Holdings cash in the amount of the Accumulated Priority Amount and the Priority Amount ("Priority Distributions").
The Tribe, directly or indirectly, shall not impose any tax, levy or other monetary payment obligation on the Authority or on any activity at the Facilities, other than (a) Minimum Priority Distributions and (b) reasonable charges for utilities or other governmental services supplied by the Tribe and used by the Authority (in an amount not to exceed the reasonable costs of such services plus a reasonable allowance for administrative costs).
It is understood that this distribution method may reduce and/or eliminate distributions to other performers and/or that there may be insufficient contributions to fund all Priority Distributions, in which case the trustees shall decide how to proceed.

More Definitions of Priority Distributions

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 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 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.

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 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 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 made by Borrower from its accounts which are gaming accounts to its general tribal accounts, in each case for the purpose of funding governmental services, including without limitation regulatory requirements in an amount not to exceed the amount set forth in Section 6.5(a).