Distribution Policy Sample Clauses
A Distribution Policy clause defines how profits, dividends, or other distributions are allocated among parties involved in an agreement, such as shareholders, partners, or members. It typically outlines the timing, method, and proportion of distributions, specifying whether they are made equally, based on ownership percentages, or according to another formula. This clause ensures transparency and fairness in the allocation of financial returns, helping to prevent disputes and misunderstandings regarding the sharing of proceeds.
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Distribution Policy. Notwithstanding any other provision of this Agreement, distributions will be made only to Member(s) with positive Adjusted Capital Account Balances (calculated following all allocations for the period ending immediately prior to the distribution) and then to each such Member only to the extent of such Member’s positive Adjusted Capital Account Balance.
Distribution Policy. The Company shall distribute the full amount of Operating Profits for each Class B Payment Period as a capital payment or dividend to the Company’s Securityholders on the terms, and subject to the provisions, of this Agreement.
Distribution Policy. Alcoa and Alumina agree that each Enterprise Company must, by the 20th day of the month immediately following the relevant Calculation Date, make a Distribution of:
(a) 50% of the net income, if positive, of such Enterprise Company in respect of the Quarter ending on or about the relevant Calculation Date as determined in accordance with United States generally accepted accounting principles; and
(b) the Available Cash in respect of such Enterprise Company.
Distribution Policy. The ordinary income, capital appreciation (realized and unrealized), and principal (both historic dollar value and any principal contributions, accumulations, additions, or reinvestments) allocable to the Fund, net of the fees and expenses set forth in this Agreement, may be committed, granted, or expended, solely for purposes described in this Agreement or in Code Section 170(c)(1) or (2)(B) to organizations described in Code Section 509(a)(1), 509(a)(2), or 509(a)(3); provided, however, that such purposes are consistent with the exempt status and purposes of the Foundation. Donor Advised Funds are required to maintain a minimum $10,000 balance.
Distribution Policy. The Partners hereby adopt the following ------------------- policy (the "Distribution Policy"): The Partnership shall make distributions to the Partners in amounts that the Executive Committee determines are not needed and may not reasonably be expected to be needed for Partnership purposes, including repayment of Partnership obligations, or establishing reasonable reserves therefor. In addition, the Partnership shall repay principal and accrued interest on any Deficit Loans prior to making any distributions to the Partners.
Distribution Policy. It is intended that there be sufficient distributions from each Fund with respect to each of the Fund’s taxation years so that the Fund is not liable for any non-refundable tax under Part I of the Tax Act, other than alternative minimum tax. The provisions of this Article shall be interpreted so as to give effect to this intention.
Distribution Policy. The General Partner may in its sole discretion make distributions of cash or securities at any time and from time to time; provided, however, that no securities will be distributed in kind to the Partners until the earlier to occur of:
3.1. 1such time as such securities may be sold by or for the account of any Partner pursuant to Rule 144 promulgated under the Securities Act, or any successor rule; or
3.1. 2the final distribution of the assets of the Partnership to the Partners pursuant to Section 7.4.
Distribution Policy. The ordinary income, capital appreciation (realized and unrealized), and principal (both historic dollar value and any principal contributions, accumulations, additions, or reinvestments) allocable to the Fund, net of the fees and expenses set forth in this Agreement, may be committed, granted, or expended pursuant to the distribution (or spending) policy of the Foundation, as such policy may be amended from time to time by the Foundation, solely for purposes described in this Agreement or in Code Section 170(c)(1) or (2)(B) to organizations described in Code Section 509(a)(1), 509(a)(2), or 509(a)(3); provided, however, that such purposes are consistent with the exempt status and purposes of the Foundation. The Foundation’s distribution (or spending) policy, as applied to endowments such as the Fund, shall be designed to take into account total return concepts of investment and spending, with the goal of preserving the real spending power of endowments over time while balancing the need for consistent spending to support the charitable and similar exempt purposes of such endowments.
Distribution Policy. Distributions of Distributable Cash from the Company may be made at any time as determined by the Board, in their sole and absolute discretion. Distributions will only be made to the extent Distributable Cash is available to the Company, as determined by the Board in its sole and absolute discretion, without requiring (i) the sale or pledge of Company assets at a time or on terms that the Board believes are not in the best interests of the Company, or (ii) a reduction in reserves that the Board determines are necessary or desirable for working capital or other Company purposes.
Distribution Policy. 13 4.3 Withholding.......................................................13