Examples of Third Target 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.
The Fifth Portion shall be exercisable upon the Market Capitalization being equal to or greater than $443,750,000 (the "Fifth Target"); the First Target, Second Target, Third Target, Fourth Target and Fifth Target, each a "Target").
The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, and Third Target Distribution shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10.
The First Target Shares represent the entire issued share capital of the Hotel Company, the Second Target Shares represent the entire issued share capital of the Licence Company and the Third Target Shares represent the entire issued share capital of the Operation Company.
Until the earlier of (i) the date three years from the completion of the IPO or (ii) the date preceded by four Quarters with respect to which the Company made distributions in excess of the Third Target Distribution, SunEdison (together with its Controlled Affiliates) shall continue to own a number of Class B Units equal to 25% of the total number of Class B Units outstanding upon closing of this IPO held by SunEdison (together with its Controlled Affiliates).
The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Interests in accordance with Section 5.8 .
The First Target, the Second Target and the Third Target are collectively referred to as the “Targets.” The Targets are subject to adjustments in accordance with subsection (f) below.
Section 6.6(a) is hereby amended to delete the references to the Third Target Distribution.
For each such Quarter, the Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution shall be the amounts therefor that are set out herein without regard to this Section 6.9 multiplied by (a) Available Cash with respect to such Quarter divided by (b) the sum of Available Cash with respect to such Quarter and the Estimated Incremental Quarterly Tax Amount for such Quarter.
The Amendment provides, among other things, for the proportionate adjustment of the Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, and Third Target Distribution, in connection with the July 2014 Unit Split.