Class B Distribution Date definition

Class B Distribution Date means January 15, April 15, July 15 and October 15 of each year; provided that, if such Class B Distribution Date is not a Business Day, payment shall be made on the next succeeding Business Day; and, provided, further, that no Class B Distribution Date shall occur after the date on which a Liquidating Event occurs.
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Class B Distribution Date means a date which is within approximately 60 days following the last day of each Fiscal Quarter.
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Examples of Class B Distribution Date in a sentence

  • The Company may elect to remarket such Series of Class B Limited Membership Interests prior to any Class B Distribution Date in order to again establish a Fixed Rate for a Fixed Rate Period (to be in effect after the expiration of the then current Class B Distribution Period).

  • Distributions pursuant to this Section 4.1(a) (including any distributions made subsequent to the Class A Distribution Date or Class B Distribution Date, as applicable, on which they were required to be made but prior to the succeeding Class A Distribution Date or Class B Distribution Date, as applicable, on which distributions are required to be made) shall be made to Members of record fifteen (15) days prior to the relevant Class A Distribution Date or Class B Distribution Date, as applicable.

  • Declared distributions will be payable on the relevant Class B Distribution Date to Record Holders of Class B Units as they appear on the Company’s register at the close of business on the Record Date.

  • For purposes of this Section 13.7, the Limited Member Preferred Return shall be determined as if the last Class A Distribution Date and Class B Distribution Date occurring prior to the Liquidation Period and each Liquidation Period Guaranteed Payment Date constituted a Class A Distribution Date or Class B Distribution Date, as the case may be.