Distribution Loan definition

Distribution Loan means a Loan which is made in whole or in part for the purpose of paying a Quarterly Distribution.

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Distribution Loan means a loan to the Partnership, the proceeds of which are intended for inclusion in Available Cash; provided, that if any proceeds of a loan are used for any purposes other than a distribution to the Class A Partners pursuant to Section 4.1(a), only the portion of such loan distributed to the Class A Partners shall be deemed to be a “Distribution Loan.”

Distribution Loan means a Committed Loan which is made in whole or in part for the purpose of paying a Quarterly Distribution or for the purpose of reimbursing the General Partner for the purchase price of partnership units purchased under the MLP's long-term incentive plan. Dollar or $ means lawful money of the United States of America. Domestic Person means any corporation, general partnership, limited partnership, or limited liability company that is organized under the laws of the United States of America or any state thereof or the District of Columbia. Eligible Accounts Receivable means Accounts Receivable, excluding any Account Receivable:

Examples of Distribution Loan in a sentence

• The Clean Down Period for a fiscal year may begin on any date that is after the first Distribution Loan is made in such fiscal year.

• Distribution Loans shall be available for the purposes set forth in Section 4.1(ii) and shall not exceed $12,000,000 in the aggregate at any one time outstanding (each such Revolving Credit Loan, a "Distribution Loan"), subject to the requirements of Section 4.12 hereof.

• Each Revolving Credit Loan shall be designated at the time of borrowing by the Borrower, based upon its intended use, as either a General Revolving Loan or a Distribution Loan.

• MGI shall cause MCM to use its reasonable best efforts to enter into definitive financing agreements and to do all such acts and things reasonably necessary to consummate the financing transactions required to enable MCM to make the CERA Distribution Loan.

• MGI shall have caused MCM to obtain funds at least in the amount contemplated in this Agreement to finance the CERA Distribution Loan, on such terms as are satisfactory to MGI in its reasonable judgment.

More Definitions of Distribution Loan

Distribution Loan means a Loan which is made for the purpose of paying a Quarterly Distribution.

Distribution Loan has the meaning given it in Subsection 2.1a.

Distribution Loan means a Loan which is made in whole or in part for the purpose of paying a Quarterly Distribution. “Dollar” and “$” mean lawful money of the United States.

Distribution Loan means a Loan used or intended to be used by the Borrower to fund cash distributions to its Holding Company, Teekay LNG Partners LP, a ▇▇▇▇▇▇▇▇ Islands company, and its successors and assigns.

Distribution Loan means a Loan which is made in whole or in part for the purpose of (i) paying a Quarterly Distribution, or (ii) reimbursing the purchase price of partnership units purchased under the MLP’s long-term incentive plan, or (iii) reimbursing the purchase or redemption price of equity interests in the Borrower or any Guarantor purchased or redeemed from their employees in accordance with Section 7.08(b)(iii). Dollar and $ means lawful money of the United States of America. Domestic Person means any corporation, general partnership, limited partnership, or limited liability company that is organized under the laws of the United States of America or any state thereof or the District of Columbia. Eligible Assignee means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, (d) any institutional investor and (e) any other Person (other than a natural Person) approved by the Administrative Agent and, unless an Event of Default has occurred and is continuing or in connection with the settlement of a credit derivative transaction, the Borrower (each such approval not to be unreasonably withheld, conditioned or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower, the MLP, any MarkWest Party, or any of their respective Affiliates or Subsidiaries.

Distribution Loan means an Advance which is made in whole or in part for the purpose of paying a Quarterly Distribution.

Distribution Loan means any portion of any Borrowing used by the Borrower to fund Restricted Payments permitted pursuant to Section 6.06.