Distributable Property definition

Distributable Property means Available Cash and non-cash proceeds from sales and dispositions of property of the Partnership and its Subsidiaries.

Distributable Property means the excess of cash and property on hand over the amount that the Board of Directors determines is required to be retained as a reasonable reserve to meet any liabilities or proposed expenditures of the Partnership which are accrued or reasonably foreseeable or that is otherwise reasonably necessary to be retained. In determining any reserves, the Board of Directors shall consider, in its reasonable discretion and in good faith, anticipated committed expenditures and prospective sources of cash.

Distributable Property means the net cash proceeds and/or in-kind consideration received by the Company with respect to the Company’s interest in NewCo.

Examples of Distributable Property in a sentence

• The [Members] [Managers] determine when and if the Company’s Distributable Property is paid and distributed; provided that the [Members] [Managers] will consider quarterly distributions to the Members in accordance with their Interests if necessary to cover any tax liabilities arising from net income allocated to the Capital Accounts.

• For purposes of the foregoing, to the extent necessary, any Brigham Minerals Holdings Unit or share of PubCo Class B Common Stock or Other Distributable Property (other than cash) shall be taken into account at fair market value as determined in the reasonable discretion of the Manager.

• Subject to Section 4.1(c) , the Company shall retain all Other Distributable Property received by the Company from Brigham Minerals Holdings until the Brigham Minerals Holdings Unit or share of PubCo Class B Common Stock (or the proceeds received pursuant to Section 3.6(b) or Section (b)(ii) ) to which such Other Distributable Property is attributable is distributed pursuant to Article 3 , and the terms and provisions of this Agreement shall be applied in a manner consistent with such intent.

• PART 10: GENERAL SCHEME PROVISIONS 9510.1 Effective Date 9510.2 Application of Distributable Property 9510.3 Modifications of the Direct Scheme 9510.4 Notices 9510.5 Electronic Communications 9610.6 Governing Law and Jurisdiction 97- 45 - 70-406815111.

• Distributable Property: the property distributable to Creditors under this Plan, after deduction for any expenses properly chargeable against the Distributable Property in accordance with this Plan.

More Definitions of Distributable Property

Distributable Property means the net proceeds of all and any Property of the Company realised after having first paid or provided for the Excluded Liabilities;

Distributable Property means the excess of cash and property on hand over the amount that the Manager determines is required to be retained as a reserve to meet any liabilities or proposed expenditures of the Company and its Subsidiaries that are (a) accrued or reasonably foreseeable or (b) otherwise reasonably necessary to be retained.

Distributable Property means the excess of cash and property on hand over the amount that the General Partner determines is required to be retained as a reasonable reserve to meet any liabilities or proposed expenditures of the Partnership which are accrued or reasonably foreseeable or that is reasonably necessary to be retained.

Distributable Property means property owned or used by a public utility company that is not locally assessed real property or locally assessed personal property. Distributable property is that property used to furnish the public utility service. The right-of-way of a public utility company is distributable property. It may consist of the public utility company’s transportation system, production plant, transmission system, and/or distribution system. The DLGF distributes to the appropriate taxing districts the assessed value of the public utility company’s distributable property. (2011 Real Property Assessment Manual and Guidelines Book 2, Glossary, pg. 7) 50 IAC 5.1-1-9

Distributable Property means (i) the excess of any cash on hand ---------------------- constituting dividends, interest, proceeds from the repurchase, repayment, sale, refinancing, retirement, or other disposition of any Investment or other income on or in respect of any Investment over the amount that the Board determines is required to be retained as a reasonable reserve to meet any Company liabilities or proposed expenditures which are accrued or reasonably foreseeable or that the Board determines is reasonably necessary to be retained or (ii) any securities or other Company Assets that the Board unanimously determines should be distributed.

Distributable Property means non-cash proceeds from sales and dispositions of property of the Partnership and its Subsidiaries.

Distributable Property means property owned or used by a public utility company that is not locally assessed real property or locally assessed personal property. Distributable property is that property used to furnish the public utility service.