Distribution Date Payment definition

Distribution Date Payment means the payment, on or about the Distribution Date, of a cash dividend or other cash transfer or debt repayment by Honeywell Technologies S.à r.l. to Honeywell of a portion of the Net Proceeds of the Senior Credit Facilities and the notes as described in the Offering Memorandum under the caption “Use of Proceeds.”

Distribution Date Payment has the meaning set forth in the Separation Agreement.

Distribution Date Payment means an amount in cash equal to, without duplication or interest, and as adjusted (with respect to clauses (e), (f), (h) and (i)) in accordance with Section 3.4: (a) the Additional Payment Amount, plus (b) the Vistana Transaction Expenses, plus (c) the Vistana Separation Expenses, plus (d) the Target Cash Flow Total Amount, plus (e) the amount, if any, by which the Estimated Pre-3-31 Capital Spend exceeds the Target Pre-3-31 Capital Spend, less (f) the amount, if any, by which the Target Pre-3-31 Capital Spend exceeds the Estimated Pre-3-31 Capital Spend, less (g) $28,000,000, and, only if the Distribution Date occurs after March 31, 2016, (h) less the amount of the Estimated Surplus or plus the amount of the Estimated Deficit, as applicable, plus (i) the Estimated Cash Accounts Balance.

Examples of Distribution Date Payment in a sentence

• Payment of the vested portion of a Participant's Deferred Compensation Account shall be made as soon as practicable following the Valuation Date coincident with or next following the Participant's Distribution Date; Payment of the vested portion of a Participant's Deferred Compensation Account shall be made in a single, lump sum payment.

• The cash management fee referred to in Clause 9.1 herein (Fee Payable) shall only be payable to the Cash Manager on each Distribution Date, Payment Date or Monthly Payment Date (as applicable) in the manner contemplated by, in accordance with and subject to the provisions of the applicable Mortgages Trustee Priority of Payments, the applicable Funding Priority of Payments and the applicable Funding 2 Priority of Payments.

• For the avoidance of doubt, payment of that portion of the Distribution Date Payment equal to the SAP Consent Fee shall be deemed to satisfy in full any and all payment obligations of ILG, the Vistana Group and their respective Affiliates in connection with the SAP Consent pursuant to the terms of Section 2.1(c) of the Transition Services Agreement.

• If Starwood and ILG agree to modification of any disputed Estimated Financial Statement(s) at least two (2) Business Days prior to the Distribution Date, then such modified Estimated Financial Statement(s) shall be utilized for purposes of determining the Distribution Date Payment and the assets to be sold and payments to be made pursuant to and in accordance with Section 6.10(c).

• The cash management fee referred to in Clause 9.1 herein (Fee Payable) shall only be payable to the Cash Manager on each Distribution Date, Payment Date or 20th Monthly Payment Date (as applicable) in the manner contemplated by, in accordance with and subject to the provisions of the applicable Mortgages Trustee Priority of Payments, the applicable Funding Priority of Payments and the applicable Funding 2 Priority of Payments.

• If Starwood and ILG are unable to resolve any such dispute at least two (2) Business Days prior to the Distribution Date, then the disputed Estimated Financial Statement originally delivered to ILG by Starwood shall be utilized for purposes of determining the Distribution Date Payment contemplated in Section 3.3(c) above.

• If Starwood and ILG are unable to agree to modifications at least two (2) Business Days prior to the Distribution Date with respect to any disputed Estimated Financial Statement(s), then such disputed Estimated Financial Statement(s) as originally delivered to ILG by Starwood shall be utilized for purposes of determining the Distribution Date Payment and the assets to be sold and payments to be made pursuant to and in accordance with Section 6.10(c).

• If Starwood and ILG agree to modifications to the Estimated Financial Statements at least two (2) Business Days prior to the Distribution Date, then such modified Estimated Financial Statements shall be utilized for purposes of determining the Distribution Date Payment contemplated in Section 3.3(c) above.

More Definitions of Distribution Date Payment

Distribution Date Payment means the payment, on or about the Distribution Date, of a cash dividend or other cash transfer or debt repayment by the Issuer to Honeywell or one of its subsidiaries of the Net Proceeds of the Senior Credit Facilities and the Notes as described in the Offering Memorandum under the caption “Use of Proceeds.”

Distribution Date Payment means an amount in cash equal to, without duplication or interest, and as adjusted (with respect to clauses (e), (f) and (h)) in accordance with Section 3.4(b) : (a) the Additional Payment Amount, plus (b) the Vistana Transaction Expenses, plus (c) the Vistana Separation Expenses, plus (d) the Target Cash Flow Total Amount, plus (e) the amount, if any, by which the Estimated Pre-3-31 Capital Spend exceeds the Target Pre-3-31 Capital Spend, less (f) the amount, if any, by which the Target Pre-3-31 Capital Spend exceeds the Estimated Pre-3-31 Capital Spend, less (g) $28,000,000, and, only if the Distribution Date occurs after March 31, 2016, (h) less the amount of the Estimated Surplus or plus the amount of the Estimated Deficit, as applicable.

Distribution Date Payment means the payment, on or about the Distribution Date, of a cash dividend or other cash transfer or debt repayment by the Issuer to Howmet or one of its subsidiaries.