Annual Distribution definition

Annual Distribution has the meaning assigned to it in Section 6.1 hereof.

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Annual Distribution means any Distribution made on an Annual Distribution Date to holders of Liquidating Trust Units then entitled to Distributions from the Liquidating Trust, as set forth in the Plan and the Liquidating Trust Agreement.

Annual Distribution means, in any Fiscal Year, an amount equal to the greater of the Income Earned or an amount which is equal to three (3%) percent of the average of the closing market value of the Trust Property as of December 31 for the preceding five (5) Fiscal Years.

Examples of Annual Distribution in a sentence

The Spendable Amount from Funds that are fewer than three years old shall be calculated using the following adjusted formula: an amount equal to the Annual Distribution Percentage of a Fund’s trailing quarterly Fund balance for the number of quarters the Fund has been in existence as of December 31 of the year preceding the calculation.
In no event may the Annual Distribution Percentage exceed the percentage allowed by this Policy, as it may be amended from time to time.
The amount available for distribution annually from each Fund (the “Spendable Amount”) shall be calculated using the following formula: an amount equal to the Annual Distribution Percentage (defined below) of a Fund’s trailing twelve quarter Fund balance as of December 31 of the year preceding the calculation.
The amount of the benefit under Section 3.1 is one hundred percent (100%) of the Deferral Account balance attributable to a specific Annual Deferred Amount, determined as of the Normal Annual Distribution Date.
On the Normal Annual Distribution Date with respect to an Annual Deferred Amount, the Participant shall be entitled to the benefit described in this Section 3.1 in lieu of any other benefit under this Article 3.
The Annual Distribution will be paid in the form of a check or by electronic deposit and shall be mailed to the Participant’s current address or transferred to the Participant’s bank account in the Project Company’s records.
Between October and mid-December of each Fiscal Year beginning in 2022, as part of the Annual Budget approval process, the Company will provide the Board of Directors with a draft Annual Distribution Policy for the next Fiscal Year (with the initial draft of such policy to be provided by October 31 of the then-current Fiscal Year).
All earnings derived by the Fund in excess of the sum of the Annual Distribution Amount and the Annual Administrative Fee shall be returned to the principal of the Fund at the close of each fiscal year (June 30).
In determining and approving the Annual Distribution Policy, the Chief Executive Officer and the Board of Directors shall consider the Estimated Minimum Distribution Amount for the upcoming Fiscal Year and the Minimum Distribution Amount, if any, remaining to be distributed with respect to the then-current Fiscal Year.
Each year the Foundation shall determine: (i) the percentage of the asset value from every endowment under Foundation management to be distributed for the purposes of the Fund (the Annual Distribution Amount), and (ii) the Foundation administrative fee (expressed as a percentage of assets) applied equally to all endowments (the Annual Administrative Fee).

More Definitions of Annual Distribution

Annual Distribution means the grant funding distributed evenly to each qualifying rural county in an amount up to and including $200,000.

Annual Distribution means each payment by Employer to Employee in accordance with Section II herein.

Annual Distribution for any Reporting Period and at any Determination Date means the amount distributed in cash by the Fund to the Unitholders in the Reporting Period ending immediately prior to such Determination Date;

Annual Distribution means an annual distribution of funds then held in the Collection Account to or at the direction of the Borrower.

Annual Distribution means an annual distribution of funds then held in the Collection Account to or at the direction of the Borrower. “Annual Distribution Date” as defined in Section 3.3(a).

Annual Distribution means a withdrawal or taking of any assets of Mortgagor (including the segregation of cash or any assets for subsequent withdrawal) equal to no more than ten percent (10%) of Actual Cash Equity, as determined by Mortgagor in its sole discretion on an annual basis;