Examples of Target Distribution in a sentence
In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units prior to the announcement of the distribution.
After reducing the Target Distribution in accordance with this Section 3.16, the Subordination Threshold shall be adjusted to 80% of the reduced Target Distribution and the Incentive Threshold shall be adjusted to 120% of the reduced Target Distribution.
The Target Distribution is only a target and may not be achieved.
Actual distributions will be monitored against the Target Distribution.
The Responsible Entity may require that any distribution greater than the Target Distribution be reinvested in accordance with the DRP.