Shareholder Distribution definition

Shareholder Distribution means the declaration, making or payment of a distribution to a shareholder (which shall include the payment of any loans provided by a shareholder).

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Shareholder Distribution means a shareholder distribution as calculated and defined in clause 28.23 (Distributions) of this Agreement.

Shareholder Distribution means the declaration, making or payment of a distribution to a shareholder (which shall include the payment of any

Examples of Shareholder Distribution in a sentence

• The Original Borrower shall procure that between 1 November 2020 and 31 December 2021 (inclusive), KEL does not make, declare or pay any Shareholder Distribution to shareholders who receive such Shareholder Distribution in their capacity as a holder of common shares in KEL unless the ratio of Consolidated Total Net Borrowings to EBITDAX on the day the Shareholder Distribution is made, declared or paid is less than or equal to 3.50:1.00 (calculated as if such day was a Financial Covenant Test Date).

• Not (and shall procure that each member of the Group shall not) pay or make any Shareholder Distribution without the prior written consent of all the Lenders (including any repayment of the US$35,000,000 (or such higher amount to take into account accrued but unpaid interest) shareholder loan from Thermo to the Borrower and all other amounts owing to Thermo under the Thermo Loan Agreement).

• For the purposes hereof, "Net Proceeds" shall mean the gross proceeds from the IPO minus all underwriter fees and expenses, the aggregate amount of the Shareholder Distribution, and the aggregate amount required to repay in full all outstanding amounts under the ▇▇▇▇ Subordinated Debt.

• The Company desires to make a distribution to its current shareholders, in an aggregate amount not to exceed the amount of the Company's aggregate taxable income which has not been previously distributed (the "Shareholder Distribution"), from a portion of the proceeds from the IPO.

• Except as stated in Schedule -------- 3.18, the transactions contemplated by this Agreement, including the ---- transactions contemplated by the Shareholder Distribution Agreement, will not result in the imposition of any Tax on the Company or any Subsidiary.

More Definitions of Shareholder Distribution

Shareholder Distribution means any payment or transfer from the Offshore Bank Account or the Russian Bank Accounts for any purpose other than (a) a payment to OPIC or EBRD pursuant to this Agreement, the EBRD Loan Agreement or any other Financing Agreement, and (b) a payment of Project Costs or Operating Costs in accordance with the Development Plan or as otherwise approved by OPIC.

Shareholder Distribution means any dividend or other shareholder distribution but shall exclude (i) any payment made by the Borrower as part of the central cash flow management by RCCL of the cash flow generated by the Vessel so long as such central cash flow management is permitted pursuant to this Agreement and (ii) any repayment of principal and payment of interest on any intra Group loan to the Borrower;".

Shareholder Distribution shall be amended to read:-

Shareholder Distribution means any dividend, redemption or other acquisition for value of capital stock now or hereafter outstanding, return of capital or any distribution of assets to any of the Shareholders, including any repayment of debt owed to the Shareholders by Co-Borrowers.

Shareholder Distribution means the distribution by the ------------------------ Company to its shareholders, in an aggregate amount not to exceed the amount of the Company's aggregate taxable income which has not been previously distributed, from a portion of the proceeds from the initial public offering of the Company's common stock, which distribution has been expressly approved in writing by one hundred percent (100%) of the Lenders."

Shareholder Distribution. Any dividend, redemption or other acquisition for value of capital stock now or hereafter outstanding, return of capital or any distribution of assets to any shareholder.

Shareholder Distribution means a distribution by SCE to its shareholders, as defined in Section 166 of the California Corporations Code, with respect to their holdings of Common Stock in SCE, that is subject to the provisions of Section 500 et. seq. of the California Corporations Code. For example payments from SCE to Edison International or its affiliates in consideration of goods, services or con- tractual obligations are not "Shareholder Distributions."