Declaration of Distributions Sample Clauses

Declaration of Distributions. Company must provide Computershare with written notice from an Authorized Person of any declaration of a distribution. Computershare will initiate distribution payments to Shareholders, as applicable, to the extent that Computershare receives sufficient funds from Company in advance of such initiation. The payment of such funds to Computershare for the purpose of being available for the payment of distributions from time to time is not intended by Company to confer any rights in such funds on Shareholders, as applicable, whether in trust, contract, or otherwise.
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Declaration of Distributions. Upon receipt of written notice from the President, Chief Executive Officer, any Vice President, Secretary, Assistant Secretary, Chief Financial Officer, Treasurer or Assistant Treasurer of Company declaring the payment of a distribution, Computershare shall disburse such distribution payments provided that Company furnishes Computershare with sufficient funds one day in advance of the applicable payable date. The payment of such funds to Computershare for the purpose of being available for the payment of distributions from time to time is not intended by Company to confer any rights in such funds on Shareholders whether in trust, contract, or otherwise.
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Declaration of Distributions. Each Distribution payable to holders of Units or other securities of the Company as provided in this ARTICLE X shall first be declared by the Board prior to the payment thereof, and may be declared on, or not more than 45 days prior to, the date the distribution is to be made. A record holder of the Units or other applicable securities on the declaration date of a Distribution shall be entitled to receive such Distribution and, subject to applicable law, such holder shall have the status of, and shall be entitled to all remedies available to, a creditor of the Company with respect to the Distribution.
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Declaration of Distributions. The following table supplements the section entitled “Distribution Policy” which begins on page 53 of this Prospectus. On April 24, 2024, the Board declared cash distributions on the outstanding shares of all classes of our common shares based on a monthly record date, as set forth below: May 28, 2024 May 29, 2024 $0.104167 $0.104167 $0.083333 $0.093750 $0.104167 $0.104167 On April 24, 2024, the Board determined the Company’s net asset value per share for each share class in a manner consistent with the Company’s valuation policy, as described under “Determination of Net Asset Value” in this Prospectus. This table provides the Company’s aggregate net asset value and net asset value per share for its Class FA, Class A, Class T, Class D, Class I, and Class S shares as of March 31, 2024 (in thousands, except per share data): Net Asset Value $152,782 $197,940 $86,765 $92,046 $438,695 $66,005 $1,034,233 Number of Outstanding Shares 4,107 5,832 2,552 2,733 12,737 1,746 29,707 Net Asset Value, Per Share $37.20 $33.94 $33.99 $33.68 $34.44 $37.80 Net Asset Value, Per Share Prior Month $36.82 $33.65 $33.70 $33.38 $34.13 $37.41 Increase/Decrease in Net Asset Value, Per Share from Prior Month $0.38 $0.29 $0.29 $0.30 $0.31 $0.39 The change in the Company’s net asset value per share for each applicable share class for the month ended March 31, 2024 was primarily driven by the increases in the fair value of ten out of fourteen of the Company’s portfolio company investments. The fair value of two of the Company’s portfolio company investments decreased during the same period. The fair value of two of the Company’s portfolio company investments did not change. As of March 31, 2024, the Company had total assets of approximately $1.064 billion. The following table illustrates year-to-date (“YTD”), trailing 12 months (“1-Year Return”), 3-Year Return, 5-Year Return, Average Annual Return (“AAR”) Since Inception, and cumulative total returns through March 31, 2024 (“Cumulative Total Return”), with and without upfront sales load, as applicable: YTD Return(1) 1-Year Return(2) 3-Year Return(3) 5-Year Return(4) AAR Since Inception(5) Cumulative Total Return(5) Cumulative Return Period Class FA (no sales load) 2.3% 8.2% 32.0% 68.7% 14.5% 89.0% February 7, 2018 – March 31, 2024 Class FA (with sales load) -4.4% 1.2% 23.4% 57.7% 12.5% 76.7% February 7, 2018 – March 31, 2024 Class A (no sales load) 2.0% 7.1% 27.7% 58.5% 12.6% 75.4% April 10, 2018 – March 31, 2024 Class A (with sales loa...
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Declaration of Distributions. The following table supplements the section entitled “Distribution Policy” which begins on page 54 of this Prospectus. On May 24, 2024, the Board declared cash distributions on the outstanding shares of all classes of our common shares based on a monthly record date, as set forth below: June 26, 2024 June 27, 2024 $0.104167 $0.104167 $0.083333 $0.093750 $0.104167 $0.104167 On May 24, 2024, the Board determined the Company’s net asset value per share for each share class in a manner consistent with the Company’s valuation policy, as described under “Determination of Net Asset Value” in this Prospectus. This table provides the Company’s aggregate net asset value and net asset value per share for its Class FA, Cla ss A, Cla ss T, Cla ss D, Cla ss I, and Class S sha res as of April 30, 2024 (in thousands, except per share data): Net Asset Value $152,923 $205,092 $87,241 $94,103 $446,896 $66,104 $1,052,359 Number of Outstanding Shares 4,107 6,044 2,565 2,795 12,975 1,746 30,232 Net Asset Value, Per Share $37.24 $33.93 $34.01 $33.67 $34.44 $37.85 Net Asset Value, Per Share Prior Month $37.20 $33.94 $33.99 $33.68 $34.44 $37.80 Increase/Decrease in Net Asset Value, Per Share from Prior Month $0.04 ($0.01) $0.02 ($0.01) --- $0.05 The change in the Company’s net asset value per share for each applicable share class for the month ended April 30, 2024 was primarily driven by the increa ses in the fair value of eight out of fourteen of the Company’s portfolio company investments. The fair value of six of the Company’s portfolio company investments decreased during the same period. As of April 30, 2024, the Company had total assets of approximately $1.069 billion.
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Declaration of Distributions. The Members shall have the authority to declare distributions upon the Membership Interests of the Company to the extent permitted by law.
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Declaration of Distributions. To declare and make distributions of income and capital gains to Shareholders; and
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Declaration of Distributions. Upon receipt of a written notice from the President, any Vice President, Secretary, Assistant Secretary, Treasurer or Assistant Treasurer of Customer declaring the payment of a distribution, EQI shall disburse such distribution payments provided that in advance of such payment, Customer furnishes EQI with sufficient funds. The payment of such funds to EQI for the purpose of being available for the payment of distribution checks from time to time is not intended by Customer to confer any rights in such funds on Customer's Shareholders whether in trust or in contract or otherwise.
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Related to Declaration of Distributions

  • Taxation of Distributions The taxation of Xxxx XXX distributions depends on whether the distribution is a qualified distribution or a nonqualified distribution.

  • Priority of Distributions On each Distribution Date, the Indenture Trustee shall first make the payments in sub-clause (z) below and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below: (a) to the Servicer, the Primary Servicing Fee due on that Distribution Date; (b) to the Administrator, the Administration Fee due on that Distribution Date and all prior unpaid Administration Fees; (c) to the Class A Noteholders, the Class A Noteholders’ Interest Distribution Amount, pro rata based on amounts payable as Class A Noteholders’ Interest Distribution Amount; (d) to the Class B Noteholders, the Class B Noteholders’ Interest Distribution Amount; (e) to the Reserve Account, the amount, if any, necessary to reinstate the balance of the Reserve Account to the Specified Reserve Account Balance; (f) to the Class A Noteholders, until the principal balance of such class is paid in full, the Class A Noteholders’ Principal Distribution Amount; (g) to the Class B Noteholders, until the principal balance of such class is paid in full, the Class B Noteholders’ Principal Distribution Amount; (h) to the Indenture Trustee, the Eligible Lender Trustee and the Delaware Trustee, pro rata, based on amounts due, any unpaid fees and expenses due under Section 6.7 of the Indenture or Sections 8.1 and 8.3 of the Trust Agreement, as applicable, including, without limitation, any indemnity amounts, to the extent such amounts have not been paid by the Administrator or paid pursuant to sub-clause (z) below; (i) to the Servicer, the aggregate unpaid amount of the Carryover Servicing Fee, if any; (j) in the event the Trust Student Loans are not sold pursuant to Section 6.1(a) below or Section 4.4 of the Indenture, on each subsequent Distribution Date, an accelerated payment of principal shall be paid, first, to the Class A Noteholders until the Outstanding Amount of the Class A Notes is paid in full and reduced to zero, and second, to the Class B Noteholders until the Outstanding Amount of the Class B Notes is paid in full and reduced to zero, as set forth in Section 2.8 above; provided that the amount of such distribution shall not exceed the Outstanding Amount of the Class A Notes or the Class B Notes, as applicable, after giving effect to all other payments in respect of principal of the Class A Notes and the Class B Notes to be made on such Distribution Date; and (k) to the Excess Distribution Certificateholder (initially, Navient CFC), any remaining amounts after application of the preceding clauses. Notwithstanding the foregoing:

  • Timing of Distributions (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Managing Member shall pay distributions to the Members associated with such Series pursuant to Section 7.1, at such times as the Managing Member shall reasonably determine, and pursuant to Section 7.2, as soon as reasonably practicable after the relevant amounts have been received by the Series; provided that, the Managing Member shall not be obliged to make any distribution pursuant to this Section (i) unless there are sufficient amounts available for such distribution or (ii) which, in the reasonable opinion of the Managing Member, would or might leave the Company or such Series with insufficient funds to meet any future contemplated obligations or contingencies including to meet any Operating Expenses and outstanding Operating Expenses Reimbursement Obligations (and the Managing Member is hereby authorized to retain any amounts within the Company to create a reserve to meet any such obligations or contingencies), or which otherwise may result in the Company or such Series having unreasonably small capital for the Company or such Series to continue its business as a going concern. Subject to the terms of any Series Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Interests of the applicable Series), distributions shall be paid to the holders of the Interests of a Series on an equal per Interest basis as of the Record Date selected by the Managing Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in any Series if such distribution would violate the Delaware Act or other applicable law. (b) Notwithstanding Section 7.2 and Section 7.3(a), in the event of the termination and liquidation of a Series, all distributions shall be made in accordance with, and subject to the terms and conditions of, ARTICLE XI. (c) Each distribution in respect of any Interests of a Series shall be paid by the Company, directly or through any other Person or agent, only to the Record Holder of such Interests as of the Record Date set for such distribution. Such payment shall constitute full payment and satisfaction of the Company and such Series liability in respect of such payment, regardless of any claim of any Person who may have an interest in such payment by reason of an assignment or otherwise.

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