True-Up Distributions Sample Clauses

True-Up Distributions. Because such Common Unitholder may have achieved the First Threshold, the Second Threshold, the Third Threshold or the Fourth Threshold as of one date but may not have achieved such First Threshold, Second Threshold, Third Threshold or the Fourth Threshold as of a later date, then prior to making each distribution under Section 4.2(a) of any portion of an Allocable Share in respect of a Common Unitholder, the Company shall first distribute to such Common Unitholder an amount under Section 4.2(a)(i), Section 4.2(a)(ii), Section 4.2(a)(iii) or Section 4.2(a)(iv) sufficient to achieve for such Common Unitholder the conditions that are stated in such Section 4.2(a)(i), Section 4.2(a)(ii), Section 4.2(a)(iii) or Section
Sample 1
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True-Up Distributions. At the Closing, the Partnership shall make cash contributions to CT and Ellerbe representing the additional distributions the parties estimate CT and Ellerbe would have received if the transactions contemplated by this Agreement had occurred on January 1, 1997 (the date of the appraisals on which these transactions are based) by delivering to each of CT and Ellerbe a check in the amount set forth opposite such person's name in the last column of Exhibit 2.4.
Sample 1
True-Up Distributions. Because such Common Unitholder may have achieved the First Threshold, the Second Threshold, the Third Threshold or the Fourth Threshold as of one date but may not have achieved such First Threshold, Second Threshold, Third Threshold or the Fourth Threshold as of a later date, then prior to making each distribution under Section 4.2(a) of any portion of an Allocable Share in respect of a Common Unitholder, the Company shall first distribute to such Common Unitholder an amount under Section 4.2(a)(i), Section 4.2(a)(ii), Section 4.2(a)(iii) or Section 4.2(a)(iv) sufficient to achieve for such Common Unitholder the conditions that are stated in such Section 4.2(a)(i), Section 4.2(a)(ii), Section 4.2(a)(iii) or Section 4.2(a)(iv), as the case may be, taking into account all Capital Contributions made on or prior to the date of the distribution. For purposes of clarification, amounts that are so distributed to a Common Unitholder shall count in determining whether such Common Unitholder has met the conditions that are stated in such Section 4.2(a)(i), Section 4.2(a)(ii), Section 4.2(a)(iii) or Section 4.2(a)(iv).
Sample 1

Related to True-Up Distributions

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Cash Flow Distributions The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.

  • Allocations Distributions Each item of income, gain, loss, deduction and credit of the Company shall be allocated 100% to the Member. Each distribution of cash or other property by the Company shall be made 100% to the Member. Distributions shall be made to the Member at the times and in the amounts determined by the Member.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Corporation ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Corporation shall be entitled to receive all remaining assets of the Corporation (or proceeds thereof) according to their respective rights and preferences.

  • Final Distributions Section 8.01. Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.01 or 7.02 of this Supplement.

  • Regular Distributions Subject to the rights of the holders of Preferred Units ranking senior to or on parity with the Series H Preferred Units, the holders of Series H Preferred Units shall be entitled to receive on each Distribution Payment Date, out of assets of the Partnership legally available for the payment of the distributions, monthly cumulative cash distributions at the following rates per annum on the $1,000 liquidation preference per Series H Preferred Unit:

  • Tax Distributions (i) With respect to each Fiscal Year, to the extent the Company has available cash for distribution by the Company under the Delaware Act and subject to any applicable agreement to which the Company or any of its Subsidiaries is a party governing the terms of third party indebtedness for borrowed money, and subject to the retention and establishment of reserves, or payment to third parties, of such funds as the Board of Managers deems necessary or desirable in its sole discretion with respect to the reasonable needs and obligations of the Company or any of its Subsidiaries and to prevent their insolvency (such limitations, the “Liquidity Limitations”), the Company shall, to the extent permitted by applicable Law, make cash distributions (“Tax Distributions”) to each Member in accordance with, and to the extent of, such Member’s Assumed Tax Liability. Tax Distributions pursuant to this Section 4.01(b)(i) shall be estimated by the Company on a quarterly basis and, to the extent feasible, shall be distributed to the Members (together with a statement showing the calculation of such Tax Distribution and an estimate of the Company’s net taxable income allocable to each Member for such period) on a quarterly basis on April 15th, June 15th, September 15th and December 15th (or such other dates that allow for timely payment of quarterly estimated tax payments for U.S. federal income tax purposes by both individuals and corporations, as determined by the Board of Managers) (each, a “Quarterly Tax Distribution”); provided that, the foregoing shall not restrict the Company from making a Tax Distribution on any other date. Quarterly Tax Distributions shall take into account the estimated taxable income or loss of the Company for the current Fiscal Year based on four equal quarterly installments, which may be adjusted for updated quarterly estimations. A final accounting for Tax Distributions shall be made for each Fiscal Year after the allocation of the Company’s actual net taxable income or loss has been determined and any shortfall in the amount of Tax Distributions a Member received for such Fiscal Year based on such final accounting shall promptly be distributed to such Member (subject to the Liquidity Limitations). For the avoidance of doubt, any excess Tax Distributions a Member receives with respect to any Fiscal Year shall reduce future Tax Distributions otherwise required to be made to such Member with respect to any subsequent Fiscal Year.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority:

  • Interest Distributions On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:

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