Minimum Distribution. REQUIREMENTS All distributions required under this Article shall be determined and made in accordance with the minimum distribution requirements of Code Section 401(a)(9) and the Regulations issued thereunder, including the minimum distribution incidental benefit rules found at Regulations Section 1.401(a)(9)-2. The entire interest of a Participant must be distributed or begin to be distributed no later than the Participant's Required Beginning Date. Life expectancy and joint and last survivor life expectancies are computed by using the expected return multiples found in Tables V and VI of Regulations Section 1.72-9.
Minimum Distribution. Notwithstanding any provision to the contrary, if the balance of a Participant’s Account at the time of a distribution event or at the time of a scheduled installment payment is $25,000 or less, then the Participant shall be paid his or her Account or sub-account as a single lump sum.
Minimum Distribution. No Cash payment of less than $50.00 shall be made to a Holder of an Allowed Claim on account of such Allowed Claim.
Minimum Distribution. Notwithstanding Section 9.01 and to the extent there are funds available, if Net Profit is allocated to the Investors under Article 8 for any Taxable Period, the Directors shall endeavor, within ninety (90) days following the close of the Taxable Period for which the Net Profit is allocated, to make a distribution out of Cash and Securities Available for Distribution to all Investors and the Investment Manager that, when added to all other distributions made to such Investors during such Taxable Period (exclusive of distributions under this Section 9.02 for the previous Taxable Periods), will be in an amount sufficient to meet the federal and state tax liability of each Investor, calculated for purposes of this Section 9.02 as if such Investor were taxable on the Net Profit allocated for the Taxable Period at the highest combined federal and California income tax rates applicable to individuals, assuming that California income taxes are deductible for federal income tax purposes, and taking into account any special rates that apply to ordinary income and capital gains included in Fund taxable income for the Taxable Period. To the extent that the Investment Managers or their principals may be expected to make estimated tax payment for any period other than a Taxable Period, the capital Net Profit fee for such period shall be estimated as required by the IRC, and the Minimum Distribution, calculated in the same manner as above, shall be paid to the Investment Manager sufficiently in advance that Investment Managers could make such estimated tax payments.
Minimum Distribution. With respect to any taxable year of the Company in which Members are allocated taxable income for federal income tax, the Company shall attempt to distribute to the Members, within 90 days after the close of that taxable year, amounts sufficient to cover the federal, state and local income tax liability of each Member. Nothing herein shall require the Company to borrow money or reduce its cash flow so as to restrict its ability to operate the day-to-day activities of the business in order to make such distributions.
Minimum Distribution. If the total amount to be paid by the Music Publishers does not exceed NOK , the amount shall be carried forward to the next statement and distributed when the minimum distribution amount is reached.
Minimum Distribution. The lifetime minimum distribution rules applicable to the Grantor of a Traditional IRA do not apply to the Grantor of a Xxxx XXX.
Minimum Distribution. The Borrower shall cause Kinder Xxxxxx X.X., as general partner of Xxxxxx Xxxxxx Energy to cause Xxxxxx Xxxxxx Energy, to maintain a minimum cash distribution on each LP Unit equal to no less than $0.55 per quarter.
Minimum Distribution. All distributions required under Article 6 will be determined and made in accordance with the proposed regulations under Code section 401(a)(9), including the minimum distribution incidental benefit requirement of proposed federal income tax regulation section 1.401(a)(9)-2. If a Participant's benefit is distributed over a period not exceeding:
Minimum Distribution. The Fund shall be required to make a minimum distribution each year as determined by the Board. The minimum distribution is determined by the Board based upon the overall disbursement requirement of the Foundation as required by the Income Tax Act (currently 3.5%). The Donor shall designate a “default” charity in Schedule “A” to which such minimum donation can be paid in the event that the Donor does not provide any specific requests during such year that result in the minimum distribution. Failing any request or “default” charity, the minimum donation shall be distributed as determined by the Board.
