Special Distribution definition

Special Distribution has the meaning set forth in Section 11.4.

Special Distribution means a distribution on the Common Stock of:

Special Distribution has the meaning set forth in Section 4.1(c);

Examples of Special Distribution in a sentence

• The Trustee shall mail notice of each Special Payment and the Special Distribution Date therefor to the Certificateholder of this Certificate.

• All income and earnings from such investments shall be distributed on such Special Distribution Date as part of such Special Payment.

• If a Regular Distribution Date or Special Distribution Date is not a Business Day, distribution shall be made on the immediately following Business Day with the same force and effect as if made on such Regular Distribution Date or Special Distribution Date and no interest shall accrue during the intervening period.

• Any investment made pursuant to this Section 4.04 shall be in such Permitted Investments having maturities not later than the date that such moneys are required to be used to make the payment required under Section 4.02 on the applicable Special Distribution Date and the Trustee shall hold any such Permitted Investments until maturity.

• In any case where any Regular Distribution Date or Special Distribution Date relating to any Certificate shall not be a Business Day, then (notwithstanding any other provision of this Agreement) payment need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on such Regular Distribution Date or Special Distribution Date, and no interest shall accrue during the intervening period.

More Definitions of Special Distribution

Special Distribution has the meaning ascribed to such term in Section 8(a)(iii).

Special Distribution means a distribution that will, if necessary, be made in each year to Unitholders of record on December 31 of that year in order that the Fund will generally not be liable to pay income tax in respect of that year.

Special Distribution means payments in an aggregate amount not to exceed $90,000,000 on or after the Amendment No. 1 Effective Date in respect of: (i) the payment by the Borrower to Holdings, the proceeds of which will be used to redeem a portion of the Equity Interests of Holdings and/or to pay cash dividends or distributions to the holders of the Equity Interests of Holdings and/or (ii) special bonuses, dividend equivalents or other payments payable to officers, employees, consultants and directors who hold options or similar Equity Interests in Holdings.

Special Distribution has the meaning given to it in Clause 6.3 (Special Distribution) of the Mortgages Trust Deed;

Special Distribution means any special cash distribution to Unitholders in excess of $10 million from the proceeds of a financing, sale of assets or disposition (or a series of related financings, sales of assets or dispositions) or a special distribution of marketable securities with a fair market value in excess of $10 million; provided, however, that no special distribution from the proceeds of a financing shall be made without the approval of the disinterested directors of the Board of Directors of the General Partner or a committee thereof.

Special Distribution means any of the events described in subsection 4.01(c) hereof;

Special Distribution has the meaning attributed thereto in subsection 5.1(c);