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.
Appears in 6 contracts
Samples: Amended and Restated Charter, Charter Agreement (Alcoa Inc.), Charter Agreement (Alcoa Upstream Corp)
