Distributable Amount Sample Clauses
The "Distributable Amount" clause defines the portion of profits or funds that are available for distribution to shareholders, partners, or other stakeholders, typically after accounting for necessary deductions such as taxes, reserves, or other obligations. In practice, this clause outlines the calculation method for determining the distributable sum, specifying which revenues and expenses are included or excluded, and may set timing or procedural requirements for distributions. Its core function is to ensure transparency and fairness in how profits are shared, preventing disputes by clearly establishing the basis for distributions.
Distributable Amount. (a) The Distributable Amount for a Distribution Period is the Distributable Income for that Distribution Period which the Trustee determines to distribute, together with any amount the Trustee determines to distribute to the Unit Holders as a capital amount or distribution of a Reserve Account in respect of that Distribution Period.
(b) The Trustee must distribute to a Unit Holder that Unit ▇▇▇▇▇▇’s entitlement to the Distributable Amount (after any accumulations under clause 12.5 and any deductions under clause 12.7) on or before the date which is 14 Business Days after the end of the Distribution Period.
Distributable Amount. The Settlement Administrator shall obtain, in writing, an agreement with Class Counsel and the Settlement Administrator on the Distributable Amount, which shall be determined by (1) the balance of the Settlement Fund minus
Distributable Amount. The amount available to be distributed from the Fund on a periodic basis (the “Distributable Amount”) shall be a percentage of the fair market value of the Fund determined annually as provided in the Foundation’s Spending Policy (or other distribution policy) as adopted from time to time, and in accordance with those laws, rules and regulations applicable to Funds administered by the Foundation in effect from time to time. The Distributable Amount shall be deemed to be the income of the Fund, and the remaining assets of the Fund shall be deemed to be the principal. The principal of the Fund may not be granted, loaned or distributed and shall remain in the Fund unless otherwise approved for distribution by the Foundation Committee of The Winston-Salem Foundation (“the Foundation Committee”).
Distributable Amount. The term “Distributable Amount” shall mean the amount available for distribution to the Company’s stockholders after the consummation of the applicable Change of Control Event, less the outstanding obligations and expenses of the Company (excluding any payment to be made under Section 4(d)).
Distributable Amount. The amount to be distributed each year, beginning with the calendar year in which the individual attains age 70½ and continuing through the year of death, will not be less than the quotient obtained by dividing the value of the Deemed ▇▇▇ Contribution Account as of the end of the preceding year by the distribution period in the Uniform Lifetime Table in Regulation §1.401(a)(9)-9, Q&A-2, using the individual’s age as of his or her birthday in the year. However, if the individual’s sole designated beneficiary is his or her surviving spouse and such spouse is more than 10 years younger than the individual, then the distribution period is determined under the Joint and Last Survivor Table in Regulation §1.401(a)(9)-9, Q&A-3, using the ages as of the individual’s and spouse’s birthdays in the year.