Distributable Sum definition
Examples of Distributable Sum in a sentence
A Member is entitled to a portion of the Distributable Sum equivalent to its Member Proportion.
The Trustee must pay the Distributable Sum to Members within two (2) Months after the relevant Company Distribution Date.
Distributable Amount has the meaning given in clause 11.1. Distributable Sum has the meaning given in clause 11.11(c).
Distribution means an amount from the Distributable Sum, allocated in accordance with the Distribution Policy, to a Beneficiary.
Artist Director means a director appointed in accordance with rule 6.2(c) Beneficiary means a Licensor, or if distributions from the Distributable Sum may be made directly to an Artist instead of a Licensor in accordance with the Distribution Policy and Direct Distribution Scheme, an Artist.
Distribution Policy means the policy under which the Distributable Sum is to be allocated and distributed to Beneficiaries, as approved and varied by the Board from time to time.
Distributable Sum means the balance of moneys collected pursuant to paragraph 9.2(a) after the application of such moneys in accordance with paragraph 9.2(b).
Distribution Policy means the policy under which the Distributable Sum is to be allocated and distributed to Beneficiaries, as approved and varied by the Board from time to time.Financial Artist means an Artist entitled to receive at least $5 in Distributions, or other amount as determined from time to time by a majority of the Board including at least one Artist Director, during the most recently completed Financial Year.
To the extent permitted by law you release PPCA from, and you agree not to make or bring against PPCA, any claim, demand, action or proceeding in relation to the amount of any Distribution paid to you, or in relation to the process followed by PPCA in determining the Distributable Sum and allocating it among the Licensors.