Available for distribution definition
Available for distribution means that the HCT/P has been determined to meet all release criteria (§ 1271.3(z)). Distribution means any conveyance or shipment (including importation and exportation) of an HCT/P that has been determined to meet all release criteria, whether or not such conveyance or shipment is entirely intrastate (§ 1271.3(bb)). If an entity does not take physical possession of an HCT/P, the entity is not considered a distributor (§ 1271.3(bb)).
Available for distribution. As defined in Section 3.2.
Available for distribution means that the amount in question (i) has been or is being distributed to Borrower or (ii) upon the request of Borrower will be distributed to Borrower without restriction, deduction or offset. Authorized Representatives as defined in Section 4 and listed on Exhibit C.
Examples of Available for distribution in a sentence
Income of the Trust shall be used for the things approved by the Trustees consistent with the purposes of this Indenture as set forth in Article 3.2 and shall comprise part of the Funds Available for distribution as provided in Article 11.7.
Income of the Trust shall be used for the things approved by the Trustees consistent with the purposes of this Indenture as set forth in Article 3.3 and shall comprise part of the Funds Available for distribution as provided in Article 11.4.
Net Cash Available for distribution to Members shall equal Net Cash Flow (ad defined in Section 6.1 hereof) less amounts paid for the Management Fee, the Artists Agency Fee and the Promotional Fee.
More Definitions of Available for distribution
Available for distribution means (i) cash proceeds from the liquidation of assets held by Exponential, and Exponential's pro rata portion of the cash proceeds from the liquidation of assets held by Exponential LP or Exponential LLC, to the extent that such entities may legally distribute such cash to their equity holders, plus (ii) all cash actually distributed to Newtek from such sources. . "Initial Recovery" shall mean $1,000,000, plus simple interest on such amount at a rate of ten percent per annum, calculated quarterly; provided, however, that interest shall accrue only on the portion of the Initial Recovery that is not yet Available for Distribution, also calculated quarterly. For example, if no amounts become Available for Distribution during the first year following the Closing, then at the end of such year the Initial Recovery shall be $1,100,000. If, however, $250,000 becomes Available for Distribution during the first quarter after Closing and no other amounts become Available for Distribution during the first year, then interest will only accrue on $750,000, and at the end of the year the amount of the Initial Recovery remaining will be $825,000 ($750,000 plus $75,000 interest at ten percent per annum). If, during the quarter after the first anniversary of the Closing, an additional $825,000 becomes Available for Distribution, thereafter all additional amounts that become Available for Distribution will be applied toward the release of Escrow Shares to the Exponential Stockholders. 36 <PAGE> EXHIBIT C EMPLOYMENT AGREEMENT FORM CONSULTING AGREEMENT FORM Omitted. 37 <PAGE> Schedules Omitted. 38 </TEXT> </DOCUMENT>
Available for distribution means (i) cash proceeds from the liquidation of assets held by Exponential, and Exponential's pro rata portion of the cash proceeds from the liquidation of assets held by Exponential LP or Exponential LLC, to the extent that such entities may legally distribute such cash to their equity holders, plus (ii) all cash actually distributed to Newtek from such sources.