Additional Distribution definition

Additional Distribution means, with respect to any taxation year of the Fund, the amount, if any, by which the aggregate of the Net Income and Net Realized Capital Gains less any Net Realized Capital Gains the tax on which would be refundable to the Fund in the current year under Part I of the Income Tax Act for such taxation year exceeds the aggregate of the Distributions paid or payable by the Fund to Unitholders for such taxation year.

Additional Distribution has the meaning specified in Section 4.01(c).

Additional Distribution means any distribution to Holders of the Debentures made pursuant to Section 206 in respect of a Reference Share Distribution.

Examples of Additional Distribution in a sentence

• The Additional Distribution Amount accrued up to any Distribution Payment Date shall be added, for the purpose of calculating the Additional Distribution Amount accruing thereafter, to the amount of Arrears of Distribution remaining unpaid on such Distribution Payment Date so that it will itself become Arrears of Distribution.

• The Additional Distribution Amount accrued up to any Distribution Payment Date shall be added (for the purpose of calculating the Additional Distribution Amount accruing thereafter) to the amount of Arrears of Distribution remaining unpaid on such Distribution Payment Date so that it will itself become Arrears of Distribution.

• Any such redemption of Perpetual Securities shall be at their Redemption Amount, together with distribution accrued (including any Arrears of Distribution and any Additional Distribution Amount) to (but excluding) the date fixed for redemption.

• The Additional Distribution Amount accrued up to any Distribution Payment Date shall be added for the purpose of calculating the Additional Distribution Amount accruing thereafter, to the amount of Arrears of Distribution remaining unpaid on such Distribution Payment Date so that it will itself become Arrears of Distribution.

• Any such redemption of Perpetual Securities shall be at their Redemption Amount, together with distribution accrued (including any Arrears of Distribution and any Additional Distribution Amount) to the date fixed for redemption.

More Definitions of Additional Distribution

Additional Distribution means, with respect to any taxation year of each of the Brompton ETFs, the amount, if any, by which the aggregate of the Net Income and Net Realized Capital Gains, less any Net Realized Capital Gains (the tax on which would be refundable to the applicable Brompton ETF in respect of the current year under Part I of the Tax Act for such taxation year) exceeds the aggregate of the Distributions paid or payable by such Brompton ETFs to Unitholders for such taxation year.

Additional Distribution means a distribution that, if necessary, will be made in each year to Unitholders of record on December 31 in order that the Fund will generally not be liable to pay income tax, as described under “Distribution Policy”.

Additional Distribution has the meaning ascribed thereto under “Item 2.2.7 - Flow of Funds from the Registered Individual LPs to the Trust”;

Additional Distribution shall have the meaning set forth in Section 2(e) hereof.

Additional Distribution means a distribution that, if necessary, will be made in each year to Unitholders of record on the last day of the Fund’s taxation year in order that the Fund will generally not be liable to pay income tax, as described under “Distributions”.

Additional Distribution. If any of the Securities are redeemed by the Security Issuer prior to February 27, 2007, each of the Class A Units being redeemed in connection with such redemption of Securities (or related exercise of the rights under the Swap Agreement) will receive a pro rata distribution from the proceeds of the redemption of the Securities remaining after payment of principal and interest on the Class A Units up to a maximum of $2.50

Additional Distribution. Class A Units: If any of the Securities are redeemed by the Security Issuer prior to November 14, 2007, each of the Class A Units being redeemed in connection with such redemption of Securities or related exercise of the call rights under the Swap Agreement shall receive a pro rata distribution from the proceeds of such redemption or exercise in respect of principal, price or premium with respect to the Securities in excess of the corresponding Unit Principal Balance of the Class A Units to be redeemed, up to a maximum of $2.50 per Class A Unit being redeemed. If the Security Issuer gives notice of a self-tender as to Securities held by the Trust and the Swap Counterparty exercises its call rights under the Swap Agreement in connection with such self-tender prior to November 14, 2007, each redeemed Class A Unitholder shall receive an additional distribution of $1.50 per Class A Unit from the proceeds of such exercise in respect of principal, price or premium with respect to the Securities in excess of the corresponding Unit Principal Balance of the Class A Units to be redeemed. Class B Units: If the Securities are redeemed by the Security Issuer or if the Swap Counterparty exercises its call rights under the Swap Agreement, then the Class B Units designated for a reduction in Notional Amount in connection with such redemption or exercise shall receive an amount up to the Class B Present Value Amount as of the date of such reduction in Notional Amount as an additional distribution from the proceeds of such redemption or exercise in respect of principal, price or premium with respect to the Securities remaining after application to the Class A Units and any amounts in respect of an exercise of the Swap Agreement in respect of an additional payment obligation of the Swap Counterparty with respect to the Class B Units.