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

• They remain frustrated with the opacity of the State Assessed Distributable Property process and the inability for local governments to appeal those assessments.• Jasper County remains concerned about legislative efforts to standardize the assessment of solar projects.

• To the extent the Company receives proceeds from a disposition of any Company Assets, all Distributable Property that constitutes cash proceeds so received by the Company (net of the Company Costs and Expenses that are due and payable in connection with such distribution) shall be promptly distributed following the disposition.

• 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.

• The age of superannuating of an employee from Company Service is 58 years.

• Subject to Section 4.1(c), the Company shall retain all Other Distributable Property received by the Company from Xxxxxxx Minerals Holdings until the Xxxxxxx 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.

More Definitions of Distributable Property

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 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 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, with respect to any period, the excess of cash and property on hand over the amount that the [Members] [Managers] determine in their sole and absolute discretion is required to be retained as a reasonable reserve to meet any Company obligations or proposed expenditures that are accrued or reasonably foreseeable or that is reasonably necessary to be retained. Distributable Property includes the net cash realized by the Company from the sale, refinancing, or other disposition of all or substantially all the Company’s Property, after retirement of existing encumbrances and transactional expenses.

Distributable Property. As defined in section 6.4(c) herein.

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 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.