Prohibited Distribution definition

Prohibited Distribution by any Person means (a) the retirement, redemption, purchase, or other acquisition for value of any capital stock or other equity securities or partnership interests issued by such Person, (b) the declaration or payment of any dividend or distribution on or with respect to any such securities (excluding distributions made solely in shares of stock of the same class) or partnership interests, and (c) any other payment by such Person in respect of such securities or partnership interests.
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Prohibited Distribution means any dividends or other distributions received by a Purported Transferee in respect of Excess Securities.
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Prohibited Distribution has the meaning set forth in Section 14(o) hereof.
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Examples of Prohibited Distribution in a sentence

  • Notwithstanding the foregoing, the Company may not release an Office Holder from his or her duty of care in connection with a Prohibited Distribution (as such term is defined in the Companies Law).

  • Amends Section 101.206(e), Business Organizations Code, to prohibit Section 101.206 (Prohibited Distribution; Duty to Return) from being construed to affect the obligation of a member of a limited liability company to return a distribution to the company under the company agreement, another agreement, or other state or federal law.

  • In the USA, in the state of California, the controversial SB 255 Electronic Communication Devices: Prohibited Distribution of Personal Information Act84 came into effect in October 2013 and creates a new misdemeanour of disorderly conduct by way of distribution of intimate photographs with the intent to cause serious emotional distress.

  • SB 255 Electronic Communication Devices: Prohibited Distribution of Personal Information was signed into effect by California Governor Jerry Brown on 1 October 2013, having passed the state legislature after months of amendments.

  • Report formatThis report analyses the following pieces of legislation: • The South African Protection from Harassment Act 2010• The Nova Scotia (Canada) Cyber Safety Act 2013• The California (United States) SB 255 Electronic Communication Devices: Prohibited Distribution of Personal Information• The New Zealand Harmful Digital Communications Bill 2013.

  • Prohibited Distribution No person shall distribute, apply, handle, dispose of, discard or store any pesticide, as defined in Massachusetts General .

  • Prohibited Distribution No person shall distribute, apply, handle, dispose of, discard or store any pesticide, as defined in Massachusetts General Laws Chapter.

  • Hyperlink Outline: 26.6(f)(3) Prohibited Distribution by ORP Company(A) Redeposit Required(B) Company Suspension(C) Separate Transaction Not Related to ORP (A) Redeposit Required.

  • A Member who receives a Prohibited Distribution is not required to return the Prohibited Distribution unless the Member had knowledge of the violation of this section 3.2 or the Code.

  • In the USA, in the state of California, the controversial SB 255 Electronic Communication Devices: Prohibited Distribution of Personal Information Act85 came into effect in October 2013 and creates a new misdemeanour of disorderly conduct by way of distribution of intimate photographs with the intent to cause serious emotional distress.


More Definitions of Prohibited Distribution

Prohibited Distribution. The Software includes strong cryptographic features. The United States Department of Commerce, and with the United States Export Administration Act require that the Software is not exported in violation of United States Law. You acknowledge that the Software may be subject to export regulations, and agree not to export or transfer any portion of the Software in violation of any United States or other applicable laws. Licensee asserts they have the responsibility to obtain any export classifications and licenses as may be required to comply with such laws.
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Prohibited Distribution means, in relation to the Controlled Liabilities:
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Prohibited Distribution by any Person means (a) the retirement, redemption, purchase, or other acquisition for value of any capital stock or other equity, securities, membership, or partnership interests issued by such Person, (b) the declaration or payment of any dividend or distribution on or with respect to any such equity or securities interest (excluding distributions made solely in shares of stock of the same class) or partnership interests, (c) any loan or advance by such Person to, or other Investment by such Person in, any other Person, and (d) any other payment by such Person in respect of such equity, securities or partnership interests.
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Prohibited Distribution by any Person means (a) the retirement, redemption, purchase, or other acquisition for value of any capital stock or other equity securities or partnership interests issued by such Person, (b) the declaration or payment of any dividend or distribution on or with respect to any such securities (excluding distributions made solely in shares of stock of the same class) or partnership interests, (c) any loan or advance by such Person to, or other Investment by such Person in, any other Person, and (d) any other payment by such Person in respect of such securities or partnership interests, without the prior written consent of Lender, which consent shall not be unreasonably withheld.
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Prohibited Distribution has the meaning set forth in Section 1.4(a).
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Prohibited Distribution means dividends or other distributions made with respect to Stock received by a Purported Acquiror.
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Related to Prohibited Distribution

  • Prohibited Distributions means any and all dividends or other distributions paid by the Corporation with respect to any Excess Securities received by a Purported Transferee.

  • Permitted Distribution means any of the following:

  • Restricted Distribution means as to any Person (i) any dividend or other distribution on any equity interest in such Person (except those payable solely in its equity interests of the same class) or (ii) any payment on account of (a) the purchase, redemption, retirement, defeasance, surrender or acquisition of any equity interests in such Person or any claim respecting the purchase or sale of any equity interest in such Person or (b) any option, warrant or other right to acquire any equity interests in such Person.

  • Permitted Distributions means the following Distributions:

  • 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.

  • Expected Distributions means, with respect to the Certificates of any Trust on any Current Distribution Date, the difference between (A) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date after the date of issuance of such Certificates, the original aggregate face amount of the Certificates of such Trust) and (B) the Pool Balance of such Certificates as of the Current Distribution Date calculated on the basis that (i) the principal of any Non-Performing Equipment Notes held in such Trust has been paid in full and such payments have been distributed to the holders of such Certificates, (ii) the principal of any Performing Equipment Notes held in such Trust has been paid when due (whether at stated maturity or upon prepayment or purchase or otherwise, but without giving effect to any Acceleration of Performing Equipment Notes) and such payments have been distributed to the holders of such Certificates and (iii) the principal of any Equipment Notes formerly held in such Trust that have been sold pursuant to the terms hereof has been paid in full and such payments have been distributed to the holders of such Certificates. For purposes of calculating Expected Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest in respect of the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Expected Distributions.

  • Prohibited Investment means Property (other than prescribed excluded Property as that term is defined in the Tax Act) that is:

  • Prohibited Payment means any bribe, rebate, payoff, influence payment, kickback or other payment or gift of money or anything of value (including meals or entertainment) to any officer, employee or ceremonial office holder of any government or instrumentality thereof, political party or supra-national organization (such as the United Nations), any political candidate, any royal family member or any other person who is connected or associated personally with any of the foregoing that is prohibited under any Law for the purpose of influencing any act or decision of such payee in his official capacity, inducing such payee to do or omit to do any act in violation of his lawful duty, securing any improper advantage or inducing such payee to use his influence with a government or instrumentality thereof to affect or influence any act or decision of such government or instrumentality.

  • Prohibited source means any person or entity who:

  • Prohibited Items means any items which we or any Authorised Person deem to be dangerous or inappropriate including (without limitation) those items specified in sub-paragraphs 27(b)(c) and (d) of these Conditions and any further items listed at www.snowbombing.com from time to time;

  • Prohibited Content means any content on any advertising media that:

  • Prohibited Period means the period during which Executive is employed by the Company hereunder and a period of two years following the end of Executive’s employment with the Company.

  • Prohibited Investor means a person or entity whose name appears on (i) the List of Specially Designated Nationals and Blocked Persons maintained by the U.S. Office of Foreign Assets Control; (ii) other lists of prohibited persons and entities as may be mandated by applicable law or regulation; or (iii) such other lists of prohibited persons and entities as may be provided to the Fund in connection therewith;

  • Prohibited Act means: to directly or indirectly offer, promise or give any person working for or engaged by the Customer and/or the Authority a financial or other advantage to: induce that person to perform improperly a relevant function or activity; or reward that person for improper performance of a relevant function or activity; or committing any offence: under the Bribery Act 2010; or under legislation creating offences concerning Fraud; or at common law concerning Fraud; or committing or attempting or conspiring to commit Fraud;

  • Prohibited Transfer means any Transfer or purported Transfer of Corporation Securities to the extent that such Transfer is prohibited and/or void under this Article IX.

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • Prohibited Person means any Person:

  • Prohibited Action means an action of the Client as defined under paragraph 10.1 of this Client Agreement. A Prohibited Action constitutes an event of Default giving the Company the right to take action under paragraph 14.2 of this Client Agreement.

  • Prohibited Transferee means any Person who is a:

  • Prohibited Party As of any date of determination, any Person that has theretofore failed to comply with such Person’s obligations under Regulation AB with respect to the Trust Fund or any other securitization if (and only if) both (A) such failure was an “event of default” under the relevant agreement to which such Person was a party, and (B) such Person is proposed to become a Servicing Function Participant in respect of the Trust Fund. In determining whether any person or entity is a “Prohibited Party”, each party hereto, provided that they are not an Affiliate of such Person, shall be entitled to conclusively rely on a written certification from any Person stating that it is not a Prohibited Party. All necessary determinations under or for purposes of this definition shall be made as of the date of consummation of the transaction in which the relevant person or entity would become a Servicing Function Participant in respect of the Trust Fund.

  • prohibited article means an article the introduction or removal of which into or out of a prison is prohibited by any rule under this Act.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Final Distribution means any distribution made in redemption of all or a portion of the Up-MACRO Holding Shares pursuant to Section 5.2(a) or 5.2(c) on the Final Scheduled Termination Date, an Early Termination Date or a Redemption Date.

  • Prohibited Waste means prohibited waste as defined in Schedule “D” to this Bylaw.

  • Permitted Dividend has the meaning provided in Section 6.1(d).