Distribution Rate. If the distribution rate per annum on the 7.00% Series A Preferred Units issued by the Issuer shall increase pursuant to Section 16.6 of the Issuer Limited Partnership Agreement, then the Distribution Rate shall increase by the same amount beginning on the same date as set forth in Article XVI of the Issuer Limited Partnership Agreement.
Distribution Rate. (a) During the Initial Fixed Rate Period, the Distribution Rate shall be the Initial Distribution Rate.
Distribution Rate. (i) Each Series A Holder will be entitled to receive, with respect to each Series A Preferred Share held by such Series A Holder, only when, as, and if declared by the Board of Directors, out of funds legally available for such purpose, cumulative cash distributions based on the Series A Liquidation Preference, at a rate equal to (i) from, and including, September 12, 2019 to, but excluding, September 15, 2024 (the “Fixed Rate Period”), 8.25% per annum, and (ii) beginning September 15, 2024 (the “Floating Rate Period”), Three-Month LIBOR plus a spread of 688.6 basis points per annum.
Distribution Rate. If the dividend rate per annum on the Series B Preferred Stock issued by the Issuer shall increase pursuant to Section 22.06 of the Issuer Certificate of Incorporation, then the Distribution Rate shall increase by the same amount beginning on the same date as set forth in Section 22.06 of the Issuer Certificate of Incorporation.
Distribution Rate. The Preferred Return shall accrue at a per annum rate of 13.0% initially (the “Fixed Distribution Rate”). At the fifth (5th) anniversary of the Closing Date, the Requisite Class P Members may make a one-time irrevocable election (the “Floating Rate Election”) for all outstanding Class P Units to accrue Preferred Return from and after the fifth (5th) anniversary at a rate equal to the five-year Treasury Rate, plus 1,000 basis points, resetting quarterly to reflect the then current five-year Treasury Rate (the “Floating Distribution Rate”). The Floating Rate Election shall be made by means of a written notice delivered, in accordance with Section 11.02 of the LLC Agreement, by the Requisite Class P Members to the Company at any time during the thirty (30) days immediately prior to the fifth (5th) anniversary of the Closing Date, and the Company shall promptly notify all non-electing Holders of such election. On the seventh (7th), eighth (8th) and ninth (9th) anniversaries of the Closing Date, the Fixed Distribution Rate or, if the Floating Distribution Rate is then applicable, the spread over the then applicable five-year Treasury Rate, will increase by 100 basis points per annum, 100 basis points per annum and 50 basis points per annum, respectively.
Distribution Rate. 21 -------------- ----------------- Section 4.03.
Distribution Rate. Distribution rates for workers are set out in the tables in § 3 item 9.2 and 9.3. The distribution rates serve as the basis for the calculation of fixed wage portion, payment level and performance pay bonus for each worker category. The number of distribution hours is calculated through multiplication of the workers’ hours worked by the distribu- tion rate shown in the tables. For apprentices and other workers with distribution rates lower than 1.0, an amount is added to the total bonus during reconciliation of performance pay with fixed and variable portions. The amount is cal- culated by adding together the working hours of the apprentices and other workers concerned during the reconciliation period. The amount is reduced by the workers’ above-mentioned distribution hours. The difference between hours worked and distribution hours is multiplied for performance pay work by 23 Swedish kronor per hour, how- ever, in the case of pure merit wages by 10 Swedish kronor per hour, whereupon each amount is added to the bonus total. (Pure merit wages, see § 3 item 3.3.1.)
Distribution Rate. Distribution rates and distribution principles for workers who are part of a team of workmen with time wages are shown in the tables in § 3 items 9.2 and 9.3.
Distribution Rate. The Trust Agreement (including Annex I and the Exhibits thereto) is hereby amended by replacing each reference to "150 basis points" therein by a reference to "566 basis points". Such amended Distribution Rate shall be effective on and as of April 1, 2001.
Distribution Rate. (a) The Distribution Rate on the Preferred Securities for each Distribution Period following the initial Distribution Period will be the Applicable Rate, the Maximum Applicable Rate, the Non-Auction Rate or the Default Rate. Except in the event of (i) the failure to hold an Auction for any reason (other than because an Event of Default exists) on the Auction Date scheduled to occur at the end of the preceding Distribution Period or (ii) the occurrence of an Event of Default, the Distribution Rate for each subsequent Distribution Period will be the Applicable Rate.
