The Distribution definition

The Distribution is subject to obtaining a tax ruling by the Internal Revenue Service ("IRS") that would allow it to be tax-free to Columbia/HCA and its shareholders, various regulatory approvals and approval of a definitive plan by Columbia/HCA's Board of Directors. Triad is comprised of 39 hospitals (including two facilities that are being leased from Triad and an investment in one hospital that is accounted for using the equity method), 17 free-standing surgery centers (including three surgery centers that are being leased from Triad) and related health care entities located in eleven western, southwestern and southeastern states. The accompanying financial statements, prepared on the pushed down basis of the historical cost to Columbia/HCA, represent the combined financial position, results of operations and cash flows of Triad. In connection with the Distribution, all intercompany amounts payable by Triad to Columbia/HCA will be eliminated, and Triad will assume certain indebtedness from Columbia/HCA. In addition, Triad will enter into various agreements with Columbia/HCA which are intended to facilitate orderly changes for both companies in a way which will be minimally disruptive to each entity. The combined financial statements included herein may not necessarily be indicative of the results of operations, financial position and cash flows of Triad in the future or had it operated as a separate, independent company during the periods presented. The combined financial statements included herein do not reflect any changes that may occur in the financing and operations of Triad as a result of the Distribution. NOTE 2--ACCOUNTING POLICIES Principles of Combination The combined financial statements include the accounts of Triad and all affiliated subsidiaries and entities controlled by Triad through Triad's direct or indirect ownership of a majority voting interest. Significant intercompany transactions within Triad have been eliminated. Investments in entities which Triad does not control, but in which it has a substantial ownership interest and can exercise significant influence, are accounted for using the equity method. The preparation of the combined financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Equity Equity represents the net investment in and...

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Examples of The Distribution in a sentence

• The Distribution Date shall be the 25th day of the month in which the related Record Date occurs.

• The Distribution Date shall be the last day of the month in which the related Record Date occurs.

• The Distribution Agent shall have no responsibility for any loss or depreciation incurred by reason of any sale made pursuant to this Section.

• The Distribution Margin shall be equal to twenty percent (20%) of the MRP of pay Zee Group Channels or bouquet of pay Zee Group Channels as the case may be.

• The Distribution Agent will have the sole discretion to select the broker-dealers through which to sell the aggregated fractional shares and to determine when, how and at what price to sell such shares.

• The Distribution Account shall consist of two separate subaccounts, each of which shall relate to a particular Mortgage Pool.

• The Distribution Fee shall be accrued daily and paid monthly or at such other intervals as the Trustees shall determine.

• The Distribution Account and the Reserve Accounts shall be Eligible Accounts.

• The Distribution shall be effective at 11:59 p.m. New York City time on the Distribution Date.

• The Distribution Agent acting on behalf of the applicable Party will have the sole discretion to select the broker-dealers through which to sell the aggregated fractional shares and to determine when, how and at what price to sell such shares.