Capital Distributions definition

Capital Distributions means, at any time of determination, the cumulative amounts of any distributions made pursuant to Section 9.1(B)(3) with respect to a Class A Unit from the Capital Transaction Account on or prior to such time. Any Class A Units issued pursuant to Section 7.11(C) or 7.12 shall be deemed to have received all Capital Distributions made with respect to the Class A Units issued in the Initial Offering.

Capital Distributions means distributions made by OCGH in respect of the return of capital.

Capital Distributions means a payment made, liability incurred or other consideration given as a dividend, return of capital or other distribution in respect of the Borrower’s capital stock or other equity interest, excluding dividends or distributions made solely in the form of capital stock of the Borrower.

Examples of Capital Distributions in a sentence

• Subject to the provisions of the LP Act and of such similar legislation in Canada and elsewhere as is applicable to the Partnership, the liability of the Limited Partner for the debts, liabilities and obligations of the Partnership will be limited to its Capital Contribution Balance and solely to the extent required by applicable law, the amount of any Capital Distributions received by it.

• The Trust will make Class B Capital Distributions not later than the expiration of the Initial Redemption Period provided that there are proceeds remaining from the Class B Offering after paying Class B Offering expenses making the Special Class A Distribution and redeeming Class A Interests pursuant to the last paragraph of Section 9.6.

• Borrowers’ use of the proceeds of the Loans shall be for working capital and other general corporate purposes of the Companies (including for capital expenditures and Acquisitions and Capital Distributions permitted hereunder), for the refinancing of existing Indebtedness (including the Existing Credit Agreement) and to pay fees, commissions and expenses in connection with this Agreement and the transactions contemplated hereunder.

• Second, net income or gain from a Liquidating Event or a Capital Event shall be allocated to the Members in an amount sufficient to ensure that if the Company were to then distribute all of its assets to the Members, the Members would receive total capital distributions, including prior Capital Distributions made, equal to the aggregate of their Capital Contributions.

• No Company shall make or commit itself to make any Restricted Payment at any time, except that, if no Default or Event of Default shall then exist or, after giving pro forma effect to such payment, thereafter shall begin to exist, the Companies may make Capital Distributions.

More Definitions of Capital Distributions

Capital Distributions means the amount of Available Cash or property (valued at Fair Market Value) distributed to the Partners pursuant to Section 7.4.1(a);

Capital Distributions has the meaning set forth in Section 5.12(b)(ii)(B)(5).

Capital Distributions means (i) any “Realised Index Capital Payment” (which term shall mean any distribution to the Issuer which the Management Company notifies the Issuer as comprising a return of capital in respect of the Underlying), net of applicable withholding taxes (if any), plus (ii) any interest accrued to the date thereof on the Cash Component, less(iii) pro rated Index Fees accrued to the date of receipt by the Issuer, as determined by the Calculation Agent in good faith and in its sole and absolute discretion;

Capital Distributions means all distributions other than Permitted Tax Distributions (as defined in Section 5.3) and liquidating distributions.

Capital Distributions means distributions attributable to Net Capital Proceeds.

Capital Distributions means any capital distributions made or dividends paid to the ordinary shareholders of the Target after the date of this document and on or before the Completion Date.

Capital Distributions means an amount distributed to a Partner pursuant to Section 5.1(b)(iii).