Distribution Entitlement definition

Distribution Entitlement has the meaning set forth in Section 5.2(l).

Distribution Entitlement means with respect to any proposed distribution under Section 5.1(A)(4) to a Member, the amount, if any, equal to the Member’s Sharing Interest (as such Sharing Interest is determined immediately after any payments made under Sections 5.1(A)(1), (2) and (3)) multiplied by the aggregate, cumulative distributions (not including any payments made pursuant to Sections 5.1(A)(1), (2) and (3) but including the amount to be distributed to such Member in such proposed distribution under Section 5.1(A)(4)).

Distribution Entitlement means distribution entitlements earned on issued and outstanding RTUs.

Examples of Distribution Entitlement in a sentence

• For each Distribution Period the Trustee must calculate and distribute each Unitholder's Distribution Entitlement.

• DA x UH UI where: DE is the Distribution Entitlement DA is the Distributable Amount UH is the aggregate of the Paid-up Proportion of each relevant Unit Holding of the Unitholder at the close of business on the Distribution Calculation Date UI is the aggregate Paid-up Proportion of Units on issue in the Trust at the close of business on the Distribution Calculation Date.

• Once deferred, the Company shall pay, on twenty (20) Business Days prior written notice delivered by the Allocation Member and received by the Company (the “Distribution Entitlement Notice”), all or any portion of the Distribution Entitlement Amount as designated by the Allocation Member in the Distribution Entitlement Notice (the “Distribution Entitlement Payment”) on the date specified in the Distribution Entitlement Notice (the “Distribution Entitlement Payment Date”).

• Any Distribution Entitlement Notice delivered by the Allocation Member pursuant to this Section 5.2(l) shall specify (i) the Distribution Entitlement Amount as of the date of such Distribution Entitlement Notice, (ii) the calculation of the Distribution Entitlement Amount, (iii) the portion of the Distribution Entitlement that the Allocation Member is electing to receive, and (iv) the Distribution Entitlement Payment Date with respect to the amount so elected to be received by the Allocation Member.

• To the extent the Gross Royalty is greater than the DIV Distribution Entitlement, Nurse Next Door is entitled to receive the excess amount in the form of a cash distribution through its ownership of NND LP Class B units.

More Definitions of Distribution Entitlement

Distribution Entitlement means all of the Beneficial Interest of the Biller relating to the Biller Receivables billed on a particular Business Day;

Distribution Entitlement means, in respect of a Holder, the entitlement of that Holder to the Total Distribution Amount determined in accordance with Clause 11.4.2;

Distribution Entitlement means a Partner's proportional entitlement, expressed as a percentage, to share in the profits and losses of the Partnership and to participate in the distribution of assets on liquidation or dissolution of the Partnership. The initial Distribution Entitlements will be as follows: Teck: 34.833% QCT: 0.164% TBCI: 0.003% Fording Holdco: 65% Income and losses for tax and accounting purposes will be allocated to the Partners in proportion to their Distribution Entitlements. The Partnership will in each fiscal period, unless otherwise agreed by the Partners claim the maximum permissible discretionary deductions available to it for tax purposes.

Distribution Entitlement means the “Distribution Entitlement” of a partner in the Partnership as determined from time to time pursuant to the Partnership Agreement;

Distribution Entitlement means a Partner’s proportional entitlement, expressed as a percentage, in and to the capital and property of the Partnership, to a share in the profits, losses, capital gains, capital losses and credits of the Partnership, and to participate in the distribution of assets on liquidation or dissolution of the Partnership, which entitlement initially reflected the proportion of the capital contributed to the Partnership by that Partner (or its predecessor) as compared to the aggregate of the capital contributed by all of the Partners of the Partnership, and which entitlement has been adjusted in accordance with the 2003 Partnership Agreement (as amended) and which entitlement is further adjustable in accordance with Section 7.1;

Distribution Entitlement means a Partner’s proportional entitlement, expressed as a percentage, to share in the profits and losses of Elk Valley Coal and to participate in the distribution of assets on liquidation or dissolution of Elk Valley Coal;

Distribution Entitlement means a Partner’s proportional entitlement, expressed as a percentage, to share in the profits and losses of the Partnership and to participate in the distribution of assets on liquidation or dissolution of the Partnership.