Base Distribution definition

Base Distribution means an amount payable to holders of Series A Units at a rate of 8.0% per annum of the Subscription Price of such Units, which is non-cumulative after the Fiscal Year and non-interest bearing and non- interest bearing;
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Base Distribution has the meaning ascribed thereto under “Item 2.2.7 - Flow of Funds from the Registered Individual LPs to the Trust”;
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Base Distribution means an annual distribution per Series C Partnership Preferred Unit equal to 8.5% of the Liquidation Preference per Series C Partnership Preferred Unit.
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Examples of Base Distribution in a sentence

  • The record date for the payment of the Base Distribution will be the first day of the calendar month during which a Distribution Payment Date falls or such other record date, if any, as may be fixed by the Managing General Partner that is not more than 30 nor less than 10 days prior to such Distribution Payment Date.

  • Notwithstanding the foregoing, in no event shall the Managing General Partner withhold pursuant to clause (ii) of this Section 15.2 any such amounts in respect of any Base Distribution or Excess Distribution to the Initial Holder, unless the Managing General Partner has given advance written notice (at least 10 days prior to withholding any amounts) to the Initial Holder that such certificate is required to be provided.

  • Any such Series C Preferred Unit Ratchet Distribution shall be in addition to and shall not reduce any Series C Preferred Unit Base Distribution, Series C Preferred Unit Special Distribution or Series C Preferred Unit Default Distribution for the applicable Series C Preferred Unit Distribution Period.

  • Up to fifty percent (50%) of the Executive's Performance Bonus Distribution shall be based on the Company's Funds from Operations per share growth percentage (as defined below) ("FFO%") for the applicable calendar year, calculated according to the following formula: (FFO% - 10%) x 50% x Base Distribution ------------ (5%) In calculating the initial fraction above, in no event shall the fraction be less than zero or exceed one.

  • Further, in connection with the termination of Executive's services pursuant to this paragraph 5(b)(i), Executive shall be entitled to receive a termination distribution in an amount equal to one (1) time the amount of the Base Distribution, distributable within thirty (30) days of the effective date of termination.

  • Any such Series C Preferred Unit Default Distribution shall be in addition to and shall not reduce any Series C Preferred Unit Base Distribution, Series C Preferred Unit Ratchet Distribution or Series C Preferred Unit Special Distribution for the applicable Series C Preferred Unit Distribution Period.

  • The aggregate Performance Bonus Distribution for a calendar year distributable in accordance with the provisions of this Section 3(b) shall in no event exceed 100% of the Base Distribution for such calendar year.

  • In this event, Executive's estate shall be entitled to receive all accrued but undistributed amounts of the Executive's Base Distribution through the date of Executive's death, distributable in accordance with the provisions of Section 3(a) above.

  • By way of illustration and not limitation, if a Profits Member's Subscription Agreement provides for base distributions in an amount of 110%, and such Profits Member's total Capital Contributions are $1,000, such Profits Member would receive a Base Distribution of $366.66 for each Project's production financing, for total Base Distributions, assuming complete production financing of all three (3) Projects, of no more than $1,100.

  • The Securities are to be offered pursuant to (i) the U.S. distribution agreement dated as of June 6, 2011 (the “Base Distribution Agreement”) among the Issuer, the Guarantor and the selling agents named therein and (ii) the relevant terms agreement dated as of each of their respective dates (the “relevant Terms Agreement” and, each relevant Terms Agreement together with the Base Distribution Agreement, an “Applicable Agreement”) among the Issuer, the Guarantor and the relevant selling agent.


More Definitions of Base Distribution

Base Distribution means an annual distribution per Series C-2 Partnership Preferred Unit equal to 8.5% of the Liquidation Preference per Series C-2 Partnership Preferred Unit.
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Base Distribution has the meaning ascribed thereto in Section 4.1.1.
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Base Distribution means, for each Proven Claim, (i) 100% of the amount of the Proven Claim that is less than or equal to CDN$1000, plus (ii) 50% of the amount of the Proven Clam that is greater than CDN$1,000 and less than or equal to CDN$5,750;
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Base Distribution means $8.50 per Series B Partnership Preferred Unit per annum.
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Base Distribution. Section 5.24(b) “Base Shares” Section 1.5(b)
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Related to Base Distribution

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to:

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Initial Distribution means the distribution made to holders of Allowed Class C-4 Claims on the Distribution Date.

  • Wholesale distribution means distribution of prescription drugs to persons other than consumers or

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Qualified distribution means a distribution from a Roth Elective Deferral Account after the Participant has satisfied a five year tax holding period and has attained age 59½, died, or become Disabled, in accordance with Code Section 402A(d). The five year tax holding period is the period of five consecutive taxable years that begins with the first day of the first taxable year in which the Participant makes a designated Roth Elective Deferral under the Plan or to another retirement plan which amount was directly rolled over to the Plan, and ends when five consecutive taxable years have been completed.

  • Scheduled Distribution means the distribution set forth in Section 4.1.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Cash Distribution means the distribution by the Company to all holders of its Common Stock of cash, other than any cash that is distributed upon a merger or consolidation to which Section 2(h) applies or as part of a distribution referred to in paragraph (4) of Section 2(b).

  • Initial Distribution Date means the date occurring as soon as reasonably practicable after the Effective Date when distributions under the Plan shall commence.

  • Power Transfer Distribution Factor or “PTDF” shall mean a measure of the responsiveness or change in electrical loadings on Transmission Facilities due to a change in electric power transfer from one area to another, expressed in percent (up to 100%) of the change in power transfer in the pre-contingency configuration of a system under study.

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Distribution Date.

  • Special Distribution has the meaning set forth in Section 11.4.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Event means any insolvency, bankruptcy, receivership, liquidation, reorganization or similar proceeding (whether voluntary or involuntary) relating to the Company or its property, or any proceeding for voluntary or involuntary liquidation, dissolution or other winding up of the Company, whether or not involving insolvency or bankruptcy.

  • Amount Held for Future Distribution As to the Certificates on any Distribution Date, the aggregate amount held in each Collection Account at the close of business on the related Determination Date on account of (i) Principal Prepayments, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds on the Mortgage Loans received after the end of the related Prepayment Period and (ii) all Scheduled Payments on the Mortgage Loans due after the end of the related Due Period.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).