Transaction Distribution Amount Sample Clauses

Transaction Distribution Amount. Second, 100% as a transaction distribution (the “Transaction Distribution Amount”) to the General Partner in respect of its Class C Interest, until the cumulative amount distributed to the General Partner in respect of its Class C Interest (taking into account all prior distributions made or deemed made to the General Partner in respect of its Class C Interest pursuant to this Section 6.1(b)) is equal to 3.75% of such Partner’s Invested Capital; except, that if the Minimum Condition has not been satisfied by the Long Stop Date, the Transaction Distribution Amount distributable pursuant to this Section 6.1(b) shall be reduced to an amount equal to 1.25% of such Partner’s Invested Capital;
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Transaction Distribution Amount. (a) The Managing Member hereby agrees that the Transaction Distribution Amount distributable to the Managing Member in respect of the Future Fund Member’s Interest (including any portion of such Interest held by a Permitted Transferee) shall be capped at $18 million, and one-fifth (1/5) of such Transaction Distribution Amount shall vest on each anniversary of the Initial Closing Date, such that the full Transaction Distribution Amount shall be fully vested on the fifth (5th) anniversary of the Initial Closing Date; provided, that (i) if the Future Fund Member has Transferred a portion of the Interest it held as at the Initial Closing Date (other than to a Permitted Transferee), (a) the Transaction Distribution Amount distributable to the Managing Member in respect of the Future Fund Member’s retained Interest (including any portion of such Interest held by a Permitted Transferee) shall be capped at an amount equal to the product of (1) $18 million and (2) a fraction the numerator of which is the retained portion of the Future Fund Member’s Interest (including any portion of such Interest held by a Permitted Transferee) and the denominator of which is the Future Fund Member’s Interest held at the Initial Closing Date and (b) for greater certainty, the Transaction Distribution Amount distributable to the Managing Member in respect of the portion of the Interest transferred by the Future Fund Member (other than to a Permitted Transferee) shall not be capped as provided herein, (ii) if the Future Fund Member’s Invested Capital on a Distribution Date is less than $600 million, the cap on the Transaction Distribution Amount distributable to the Managing Member in respect of the Future Fund Member’s Interest (including any portion of such Interest held by a Permitted Transferee) shall be reduced by a percentage equal to one minus a fraction, the numerator of which is the Future Fund Member’s Invested Capital at such Distribution Date and the denominator of which is the Future Fund Member’s Commitment and (iii) unless and until the Minimum Condition is achieved, the cap on the Transaction Distribution Amount distributable to the Managing Member in respect of the Future Fund Member’s Interest (including any Interest held by a Future Fund Member’s Permitted Transferee or Affiliate) shall be $3.6 million.
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Related to Transaction Distribution Amount

  • Liquidation Distribution Distributions made upon dissolution of the Partnership shall be made as provided in Section 9.03.

  • When Distribution Must Be Paid Over In the event that the Trustee or any Holder receives any payment of any Obligations with respect to the Securities at a time when the Trustee or such Holder, as applicable, has actual knowledge that such payment is prohibited by Section 10.04 hereof, such payment shall be held by the Trustee or such Holder, in trust for the benefit of, and shall be paid forthwith over and delivered, upon written request, to, the holders of Senior Debt as their interests may appear or their Representative under the indenture or other agreement (if any) pursuant to which Senior Debt may have been issued, as their respective interests may appear, for application to the payment of all Obligations with respect to Senior Debt remaining unpaid to the extent necessary to pay such Obligations in full in accordance with their terms, after giving effect to any concurrent payment or distribution to or for the holders of Senior Debt. With respect to the holders of Senior Debt, the Trustee undertakes to perform only such obligations on the part of the Trustee as are specifically set forth in this Article 10, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt, and shall not be liable to any such holders if the Trustee shall pay over or distribute to or on behalf of Holders or the Company or any other Person money or assets to which any holders of Senior Debt shall be entitled by virtue of this Article 10, except if such payment is made as a result of the willful misconduct or gross negligence of the Trustee.

  • Liquidation Distributions All property and all cash in excess of that required to discharge liabilities as provided in Section 12.4(b) shall be distributed to the Partners in accordance with, and to the extent of, the positive balances in their respective Capital Accounts, as determined after taking into account all Capital Account adjustments (other than those made by reason of distributions pursuant to this Section 12.4(c)) for the taxable year of the Partnership during which the liquidation of the Partnership occurs (with such date of occurrence being determined pursuant to Treasury Regulation Section 1.704-1(b)(2)(ii)(g)), and such distribution shall be made by the end of such taxable year (or, if later, within 90 days after said date of such occurrence).

  • Cash Distribution Fee by any Holder of ADSs, a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) held for the distribution of cash dividends or other cash distributions (e.g., upon a sale of rights and other entitlements);

  • Settlement Amount See §2.9.1.

  • Payment Amount Each Restricted Stock Unit represents one (1) Share of Common Stock.

  • ALLOCATION OF DISTRIBUTION FEE Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

  • Transaction Expense Amount Upon Closing, the Company shall pay Ten Thousand and No/100 United States Dollars (US$10,000.00) to Auctus Fund Management, LLC (“Auctus Management”) to cover the Holder’s due diligence, monitoring, and other transaction costs incurred for services rendered in connection herewith (the “Transaction Expense Amount”). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Auctus Management upon the execution hereof.

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

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