Accrued Distributions definition

Accrued Distributions means, as of any date of determination, an amount equal to the amount of Distributions, determined at the rate fixed for the payment of Distributions on the Series C Preferred Units on such date as provided in Section 2 hereof, which would be paid on the Series C Preferred Units for the period of time elapsed from the most recent actual Distribution Payment Date to the date of determination (including any amounts cumulating from prior Distribution periods in accordance with Section 2(a) hereof and any amounts carried forward from prior Distribution periods in accordance with Section 2(c) hereof). If the assets or surplus funds to be distributed to the holders of the Series C Preferred Units are insufficient to permit the payment to such holders of their full preferential amount, the assets and surplus funds legally available for distribution shall be distributed ratably among the holders of the Series C Preferred Units, the Series B Preferred Units and any other Qualifying Preferred Units in proportion to the full preferential amount each such holder is otherwise entitled to receive.

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Accrued Distributions distributions accrued" and "distributions in arrears," whenever used herein with reference to shares of preferred shares of beneficial interest, shall be deemed to mean an amount which shall be equal to distributions thereon at the annual distribution rates per share for the respective series thereof from the date or dates on which such distributions commence to accrue to the end of the then current quarterly distribution period for such preferred shares (or, in the case of redemption or conversion, to the date of redemption or conversion, as the case may be), less the amount of all distributions paid, or declared in full and set aside for the payment thereof, upon such shares of preferred shares.

Accrued Distributions means, with respect to any class or series of preferred shares of beneficial interest, an amount which shall be equal to distributions thereon at the annual distribution rates per share for the respective class or series thereof from the date or dates on which such distributions commence to accrue to the end of the then current distribution period for such preferred shares, less the amount of all distributions paid, with respect to such preferred shares for such period from the date such distributions commenced to accrue.

Examples of Accrued Distributions in a sentence

Accrued Distributions that are not paid on the applicable Distribution Date will bear interest on the amount thereof (to the extent permitted by law) at the rate per annum of [ ]% thereof, compounded semi-annually from the relevant Distribution Date.
Accrued Distributions shall accrue and increase the Face Value of each outstanding Preferred Unit, whether or not declared by the Managing Member, in accordance with this Section 6.01.
Accrued Distributions that are not paid on the applicable Distribution Date will bear interest on the amount thereof (to the extent permitted by law) at a fixed annual rate equal to _____%, compounded quarterly from the relevant Distribution Date in accordance with Section 2.02 of the Indenture.
Once a Cash Distribution or Unit Distribution has been made under this Section 4.01(a)(i) in respect of an Accrued Distribution, the amount of Accrued Distributions shall be reduced by the amount of such Cash Distribution or Unit Distribution (whose Fair Market Value shall be determined by using the VWAP of the Class A Common Stock on the date the corresponding dividend of Class A Common Stock was declared by the Corporation).
Once a Cash Distribution or Unit Distribution has been made under this Section 5.1(a) in respect of an Accrued Distribution, the amount of Accrued Distributions shall be reduced by the amount of such Cash Distribution or Unit Distribution.

More Definitions of Accrued Distributions

Accrued Distributions has the meaning set forth in Section 4.01(a)(i).

Accrued Distributions means, with respect to any unit of Series A Preferred Units, as of any date, the accrued and unpaid distributions on such unit (whether or not declared) from, and including, the most recent Distribution Payment Date (or the Issue Date, if such date is prior to the first Distribution Payment Date) to, but not including, such date.

Accrued Distributions means the sum of (i) any amounts distributed to the Members by the Company in respect of Applicable Membership Interests prior to an Initial Public Offering pursuant to Section 5.1 of the LLP Agreement, (ii) any dividends (other than normal quarterly dividends) paid by the Company in respect of the number of shares of Common Stock issued to Members in exchange for their Applicable Membership Interests in connection with the Initial Public Offering (as adjusted pursuant to (b) below) following an Initial Public Offering, and (iii) any amounts paid by the Company to repurchase Applicable Membership Interests from Members prior to the IPO Date.

Accrued Distributions means the distributions that have accrued in connection with the Preferred Units in accordance with the LLC Agreement;

Accrued Distributions means, as of any date of determination, an amount equal to the amount of Distributions, determined at the rate fixed for the payment of distributions on the Series A Preferred Units on such date as provided in Section 2 hereof which would be paid on the Series A Preferred Units for the period of time elapsed from the most recent

Accrued Distributions means all accrued and due distributions together with all accrued but not yet due distributions (compounded as provided above and together with accruals thereon) (whether or not declared or authorized); and "OUTSTANDING DISTRIBUTIONS" means all accrued and due distributions (compounded as provided above together with accruals thereon) (whether or not declared or authorized) but excluding all accrued but not yet due distributions.

Accrued Distributions means, with respect to any Series A Preferred Unit, as of any date of determination on or after the Grace Period Expiration Date, the accrued and unpaid distributions on such Series A Preferred Unit determined in accordance with Section 6.1(a)(ii); provided, that, for purposes of clarity, to the extent the Series A Preferred Units are converted into Common Units prior to the Grace Period Expiration Date, there shall not be any Accrued Distributions.