Capital Distribution Amount definition

Capital Distribution Amount means an amount of €191,806,537.10 plus $105,380,150.53. “Cash Consideration” means an amount of €455,000,000.

Capital Distribution Amount means 75% of the cumulative Net Profit for the period (taken as one accounting period) from the beginning of the fiscal quarter in which the Issue Date occurs to the last day of the most recent fiscal quarter for which financial statements are available, less the aggregate amount of Permitted Payments made, over the period beginning on the Issue Date and ending immediately before such payment, under clauses (b), (c), (e) and (f) of the definition of Permitted Payments, other than those payments under clause (e) that are funded entirely from the net cash proceeds of the issuance and sale by the Company of Common Stock of the Company and/or another series of Preferred Stock of the Company that is comparable to the Preferred Stock of the Company being retired, repurchased or redeemed.

Capital Distribution Amount means an amount equal to (a) the sum of (i) the cash proceeds available for release to Zegna or any of its Affiliates (including, for the avoidance of doubt, IIAC) from the Trust Account in connection with the Transactions (which amount, for the avoidance of doubt and without duplication, shall be calculated after giving effect to any share redemptions by IIAC Shareholders) and (ii) the proceeds from the Forward Purchase, minus (b) (i) the transaction expenses as set out in the Business Combination Agreement and (ii) any additional amounts to be retained by IIAC as may be agreed in writing by Zegna and IIAC; provided, that IIAC may retain such amounts as may be required as a matter of Cayman Islands law.

Examples of Capital Distribution Amount in a sentence

• The Society currently makes a charge of 0.5% per annum to provide capital to meet the expected cost of guarantees (i.e. the additional cost where a policy’s guaranteed benefits exceed its Policy Value plus any Capital Distribution Amount, now or in the future).

• The Society’s intention is that the level of the Capital Distribution Amount will be reviewed no less than annually, and set at rates reflecting the Society’s desired level of solvency capital at those times.

• The method of capital distribution is at the discretion of the Society and the way the Board determines the Capital Distribution Amount may be changed at any time.

• The lab must be put back in its original condition after each lab.

• To enable timely action if this limit is in danger of being breached, if either ratio fell below 150%, consideration would be given to reducing Policy Values and the Capital Distribution Amount to restore the solvency position.

• The Policy Value plus any Capital Distribution Amount may be less than the guaranteed benefit.

• The amount of the Reverse Stock Split will be determined by Longview and shall cause the outstanding number of shares of Longview Class A Common Stock to be the same number of shares of Longview Class A Common Stock that would be outstanding at such time, had the original initial public offering of Longview (after the exercise of any over-allotment option) been for an amount of shares equal to (i) 69,000,000 minus (ii) (x) the Return of Capital Distribution Amount, divided by (y) $10.00.

• For example, if the Financial Adjustment on UK individual pension policies was 5%, payouts on surrender would be 95% of the sum of the Policy Value plus any Capital Distribution Amount.

• The level of the Capital Distribution Amount is reviewed and determined at least annually.

• From 1 April 2015, the Capital Distribution Amount is based on 35% of the Policy Value at31 December 2014.

More Definitions of Capital Distribution Amount

Capital Distribution Amount means, with respect to any Settlement Date, an amount equal to the Capital Coverage Deficit.

Capital Distribution Amount means 75% of the cumulative Net Profit for the period (taken as one accounting period) from the beginning of the fiscal quarter in which the Issue Date occurs to the last day of the most recent fiscal quarter for which financial statements are available, less the aggregate amount of Permitted Payments

Capital Distribution Amount means an amount equal to (a) the sum of (i) the cash proceeds available for release to the Company or any of its Affiliates (including, for the avoidance of doubt, IIAC) from the Trust Account in connection with the Transactions (which amount, for the avoidance of doubt and without duplication, shall be calculated after giving effect to the IIAC Shareholder Redemption) and (ii) the proceeds from the Forward Purchase, minus (b) (i) the Transaction Expenses and (ii) any additional amounts to be retained by IIAC as may be agreed in writing by the Company and IIAC each acting in its sole discretion; provided, that IIAC may retain such amounts as may be required as a matter of Cayman Islands law.