Relevant Distribution definition

Relevant Distribution has the meaning specified in Section 4.04(c).

Relevant Distribution shall have the meaning specified in Section 14.04(c).

Relevant Distribution has the meaning specified in Section 5.06(c).

Examples of Relevant Distribution in a sentence

• The Company and the Board are severally authorised to act for and on behalf of every Shareholder who is the intended recipient of the Relevant Distribution.

• Relevant Distribution has the meaning given to it in the definition of Extraordinary Distribution.

• The Borrower undertakes with each Creditor Party (only if the circumstances referred to in Clause 8.2(a) shall apply at the relevant time) to ensure that no later than 3 Business Days after a Relevant Distribution Declaration Date, there shall be transferred to the Retention Account out of the aggregate Earnings received in the Earnings Accounts, the repayment instalment falling due under Clause 8.2(a) at that time.

• A Distribution will only be paid if:• BOQ in its absolute discretion elects to pay the Distribution on the Relevant Distribution Payment Date; and• no Payment Condition exists on the Relevant Distribution Payment Date.• Distributions are expected to be fully franked.• If Distributions are franked, the value and availability of franking credits to a Holder will depend on that Holder’s particular circumstances and the tax rules that apply at the time of each Distribution.

• If, taking into account: all Distributions actually made prior to the Relevant Distribution Date; the Proposed Distribution; and all Projected Distributions, the Proposed Distribution would, were it to be paid in full to the Investors on the Relevant Distribution Date, result in the Investor Return exceeding the First Whole Life Threshold Return (a “Qualifying Distribution”), the provisions of Clauses 36.6 and 36.7 shall apply.

More Definitions of Relevant Distribution

Relevant Distribution has the meaning given to it in Clause 4.2 (Consideration) of the Mortgages Trust Deed;

Relevant Distribution. , in relation to a person, means—

Relevant Distribution has the meaning set forth in Section 10.04(c).

Relevant Distribution means any Distribution made after the IRR Threshold has been met as determined in Schedule 3 and made in respect of the earlier of (i) the period up to and including 30 June 2016; and (ii) in the case of a Takeover, the period up to and including the Takeover Date;

Relevant Distribution has the meaning set forth in Section 10.4(c) of the Agreement.

Relevant Distribution has the meaning given to it in the Shadow ACT Regulations. "Relief" includes, unless the context otherwise requires, any allowance, credit, deduction, exemption or set-off in respect of any Tax or relevant to the computation of any income, profits or gains for the purposes of any Tax, or any other saving of Tax, and: (a) any reference to the use or set off of Relief shall be construed accordingly and shall include use or set off in part; and (b) any reference to the loss of a Relief shall include the absence or non-existence of any such Relief, or to such Relief being available only in a reduced amount in which case the loss shall refer only to such reduced amount. "Repayment" of Tax" includes any repayment supplement or interest in respect of Tax, and any reference to loss of a right to Repayment of Tax includes its non-existence, reduction or cancellation and to set off shall include a set off in part. "Tax" includes (without limitation) corporation tax, income tax (including income tax or amounts on account of income tax required to be deducted or withheld from or accounted for in respect of any payment), capital gains tax, inheritance tax, value added tax, national insurance contributions, stamp duty, stamp duty land tax and stamp duty reserve tax, duties of customs and excise, petroleum revenue tax, rates, all taxes, duties or charges replaced by or replacing any of them, and all other taxes on gross or net income, profits or gains, distributions, receipts, sales, use, value added and all levies, imposts, duties, charges or withholdings in the nature of taxation, and any payment whatsoever which the relevant person is bound to make to any person as a result of the discharge by that person of any tax which the relevant person has failed to discharge, together with all penalties, charges and interest relating to any of the foregoing or to any late or incorrect return in respect of any of them, and regardless of whether any such taxes, levies, duties, imposts, charges, withholdings, penalties and interest are chargeable directly or primarily against or attributable directly or primarily to the relevant person or any other person and of whether any amount in respect of any of them is recoverable from any other person.

Relevant Distribution means any Distribution received by the Borrower.