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

• The Responsible Entity may retain from each Unitholder’s Distribution Entitlement all amounts which are necessary to avoid distributing a fraction of a cent or which the Responsible Entity determines it is not practical to distribute on a Distribution Date.

• The Responsible Entity may at any time determine to satisfy its obligation to pay a Unitholder’s Distribution Entitlement by way of an issue of Units to that Unitholder.

• The Attribution Entitlement for a Unitholder for a Distribution Period must not exceed an amount which would cause its Distribution Entitlement to be a negative amount.

• The Trustee must pay to each Unitholder its Distribution Entitlement on or before the Distribution Date.

• Each Unitholder’s Distribution Entitlement to the Distributable Amount (calculated in accordance with clause 9.7(a)) is to be determined in accordance with clause 9.3(b).

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 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 entitlement to the Distribution Amount determined in accordance with Clause 11.5.2;

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

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;