Current Distributions definition

Current Distributions has the meaning set forth in Section 7(b).
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Current Distributions has the meaning set forth in Section 3(a)(i).
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Current Distributions means, with respect to the Purchased Interest, an amount equal to the sum of (a) with respect to any completed Month immediately preceding the Month in which the Closing is completed, in respect of which a distribution with respect to s the Purchased Interest has been declared but for which the Payment Date has not yet occurred, an amount equal to the Minimum Monthly Distribution, plus (b) with respect to the Month in which the Closing is completed, an amount equal to the Minimum Monthly Distribution, multiplied by a fraction of which the numerator is the number of days in the period beginning on the first day of such Month and ending on the date on which the Closing is completed and the denominator is the total number of days in such Month, minus (c) any tax withholdings that would be applied to such Minimum Monthly Distributions.
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Examples of Current Distributions in a sentence

  • Subject to Section 4.1(a), the Board may (but shall not be obligated to), with the consent of the Board of Directors of the Public Offering Entity, cause the Company to make Current Distributions or Liquidating Distributions at any time or from time to time.

  • The Special Redemption Proceeds shall be paid in full to the holders of Series D Preferred Partnership Units in cash on the Special Redemption Date to the account or accounts Current Distributions are paid.

  • For each year, the aggregate amount of Current Distributions for any Profit Sharing Unit and of Project Distributions for any Project will be based upon the recommendation of the PSU Leader of the Profit Sharing Unit and finally determined by the chief executive officer of the Company in his sole discretion, subject to the limitations of Sections 3.2(c) and 3.3(d).

  • The Current Distributions for all Participants in a Profit Sharing Unit and Related Former Profit Sharing Unit will be in the aggregate an amount recommended by the PSU Leader for a Profit Sharing Unit and approved by the chief executive officer of the Company in his sole discretion, but subject in all events to the limitations of Section 3.2(c).

  • The Special Redemption Proceeds shall be paid in full to the holders of Series E Preferred Partnership Units in cash on the Special Redemption Date to the account or accounts Current Distributions are paid.

  • The aggregate amount of Current Distributions for a Profit Sharing Unit will be allocated among those Participants in the Profit Sharing Unit and Related Former Profit Sharing Unit who (i) are eligible to receive Current Distributions under Section 3.2(c), (ii) have positive Net Profit Sharing Account Balances, and (iii) have positive Profit Sharing Account balances for that Profit Sharing Unit or positive Prior Profit sharing Account balance for the Related Former Profit Sharing Unit.

  • As provided in Section 3.3(d), if a Retired Participant has not received distributions sufficient to reduce to zero his Pre-Amendment Retirement Account and Retirement Account balance for a Profit Sharing Unit by the fifth anniversary of his Retirement Date, Current Distributions with respect to each Profit Sharing Unit and Related Former Profit Sharing Unit related to his Retirement Account and Pre-Amendment Retirement Account will be suspended.

  • To the extent required by any Buy-Sell Note or other contract, Current Distributions will be suspended.

  • Current Distributions for a Profit Sharing Unit may not exceed its Available Cash reduced by (1) Basic Distributions and Project Distributions to Retired Participants, and (2) an allocable portion of Buy-Sell Payments.

  • Except as authorized by a 70% vote of the Management Board of the Company, Current Distributions for a Profit Sharing Unit may not exceed its Current Earnings multiplied by the Current Distribution Factor for that Profit Sharing Unit.


More Definitions of Current Distributions

Current Distributions means, with respect to any Class A Preferred Unit, as of the date that any conversion or redemption of or Drag-Along Transaction with respect to such Class A Preferred Unit is completed, an amount equal to the sum of (a) with respect to any completed Month immediately preceding the Month in which such conversion, redemption or Drag-Along Transaction, as applicable, is completed, in respect of which a distribution with respect to such Class A Preferred Unit has been declared but for which the Payment Date has not yet occurred, an amount equal to the Minimum Monthly Distribution, plus (b) with respect to the Month in which such conversion, redemption or Drag-Along Transaction, as applicable, is completed, an amount equal to the Minimum Monthly Distribution, multiplied by a fraction of which the numerator is the number of days in the period beginning on the first day of such Month and ending on the date on which such conversion, redemption or Drag-Along Transaction, as applicable, is completed and the denominator is the total number of days in such Month. GPM PETROLEUM LP SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP EXHIBIT A-8
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Related to Current Distributions

  • Tax Distributions has the meaning set forth in Section 4.01(b)(i).

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Permitted Tax Distributions means, with respect to a Credit Party so long as it is taxable as a partnership or disregarded entity for United States federal income tax purposes, tax distributions to the owners of Equity Interests in such Credit Party (its “shareholders”) in an aggregate amount that does not exceed, with respect to any period, an amount equal to (a) the product of (i) the Applicable Tax Percentage, multiplied by (ii) such Credit Party’s federal taxable income, minus (b) to the extent not previously taken into account, any income tax benefit attributable to such Credit Party which could be utilized by its shareholders, in the current or any prior year, or portion thereof, from and after the Closing Date (including any tax losses or tax credits), computed at the Applicable Tax Percentage of the year that such benefit is taken into account for purposes of this computation; provided, however, that the computation of distributions under this definition shall also take into account (x) the deductibility of state and local taxes for federal income tax purposes and (y) any difference in the Applicable Tax Percentage resulting from the nature of the taxable income (such as capital gain as opposed to ordinary income, if applicable; provided, further, that, in the event (x) the actual distribution to a shareholder made pursuant to this definition exceeds the actual income tax liability of any such shareholder due to such Credit Party’s status as a partnership or “disregarded entity” for U.S. federal or other applicable income tax purposes, or (y) if such Credit Party is a subchapter C corporation, such Credit Party would be entitled to a refund of income taxes previously paid as a result of a tax loss during a year in which such Credit Party is a partnership or “disregarded entity” for U.S. federal or other applicable income tax purposes, then, such shareholder shall repay such Credit Party the amount of such excess or refund, as the case may be, no later than the date the annual tax return must be filed by such Credit Party (without giving effect to any filing extensions) and, in the event such amounts are not repaid in a timely manner by any, then such Credit Party shall not pay or make any distribution with respect to, or purchase, redeem or retire, any Equity Interest of such Credit Party held or Controlled by, directly or indirectly, such shareholder until such payment has been made.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Distributions means amounts payable in respect of the Trust Securities as provided in Section 4.1.

  • Capital Distribution means a payment made, liability incurred or other consideration given for the purchase, acquisition, redemption or retirement of any capital stock or other equity interest of any Company or as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of the Company in question) in respect of any Company's capital stock or other equity interest.