Distribution Principles means the distribution mechanics described in Exhibit A attached to the Plan, which shall be subject to in all respects (i) the Committee’s Consent, (ii) the Ad Hoc Group’s Consent, and (iii) solely to the extent that (a) the treatment of Gemini Lender Claims, (b) the provisions with respect to the Additional GBTC Shares or the Gemini GBTC Shares (subject to the Gemini Determinations), or (c) the Gemini Distribution Agent’s role pursuant to the Distribution Principles is not consistent with the terms set forth in the Plan (including the Gemini Lender Distribution Principles), Gemini’s Consent (if the Gemini Acceptance Event has occurred and is continuing); provided that, for the avoidance of doubt, the calculation of the Individual Claim Value (as defined in the Distribution Principles) asserted against the Debtors’ Estates is solely for purposes of allocating the Debtors’ Assets to Holders of such Claims under the Plan and does not change the nature or denomination of any Claim and is not intended to operate, nor be construed, as an admission or waiver by any Person as to the value of any Claim denominated in a type of Digital Asset.
Distribution Principles means the document which sets out the principles contemplating how any Recognition Payments are to be made under the Métis Veterans Recognition Payment Contribution Agreement;
Distribution Principles means the principles of distribution set forth in Section 3.1(a) of the LLC Agreement (i.e., the principles of distribution if all of the assets and properties of the Company and its Subsidiaries were sold and the resulting proceeds were distributed among the members of the Company pursuant to Section 6.2(a) of the LLC Agreement) after giving effect to any Participation Threshold (as defined in the LLC Agreement) applicable to any Common Unit that is otherwise an Incentive Unit (as defined in the LLC Agreement); provided that (i) any amounts that would otherwise be distributed to Blocker pursuant to the principles of distributions set forth in Section 3.1(a) of the LLC Agreement shall be distributed to the Blocker Seller; (ii) the portion of the Estimated Closing Payment and/or any Future Distribution Amount allocated to the Blocker Seller will be increased by the Cash Amount held by Blocker (i.e., so that the Blocker Seller receives 100% of the increase in the purchase price as a result of such Cash Amount) and will be decreased by the total outstanding amount of Funded Debt of Blocker as of immediately prior to the Closing (i.e., so that the Blocker Seller bears 100% of the decrease in the purchase price as a result of such Funded Debt); and (iii) the portion of the Estimated Closing Payment and/or any Future Distribution Amount allocated to an Optionholder shall be equal to the amount that would be distributed pursuant to the principles of distributions set forth in Section 3.1(a) of the LLC with respect to the Common Units underlying the Options held by such Optionholder after giving effect to the aggregate exercise price therefor (assuming, for the avoidance of doubt, payment of such aggregate exercise price for such Options in cash and not by way of cashless exercise) and (iv) the Rollover Company Units shall be included in the determination of the allocation of the Estimated Closing Cash Payment and/or any Future Distribution Amount among the Blocker Seller, the Designated Unitholders and the Optionholders as if the Rollover Company Units were converted into the right to receive cash consideration pursuant to Section 2.07(a) or Section 2.07(b), as applicable (it being understood that the Rollover Participants will not actually be entitled to receive any payment for their Rollover Company Units, except, with respect to Rollover Company Units that are Common Units, as set forth in Section 2.07(e)(ii) with respect to Future Distribution Payments).
Examples of Distribution Principles in a sentence
The Commissioners will also determine all appeals received relating to Recognition Payments in accordance with the Distribution Principles (attached as Appendix “B”).
Distribution Principles The Trustee has adopted the following goals in determining distributions: • Distributing enough assets to the current generation, • Providing a steady, reliable source of income for beneficiaries, and • Preserving the Sahtu Trust’s assets for future generations.
More Definitions of Distribution Principles
Distribution Principles means the principles of distribution set forth in Section 4.1 of the LLC Agreement (i.e., the principles of distribution if all of the assets and properties of the Company and its Subsidiaries were sold and the resulting proceeds were distributed among the members of the Company pursuant to Section 4.1 of the LLC Agreement) after giving effect to any Participation Threshold (as defined in the LLC Agreement) applicable to any Common Unit; provided that (i) any amounts that would otherwise be distributed to Blocker pursuant to the principles of distributions set forth in Section 4.1 of the LLC Agreement shall be distributed to Blocker Seller; and (ii) the portion of the Estimated Closing Cash Payment and/or any Future Distribution Amount allocated to Blocker Seller will be increased by the Cash Amount held by Blocker (i.e., so that Blocker Seller receives 100% of the increase in the purchase price as a result of such Cash Amount) and will be decreased by the total outstanding amount of Funded Debt of Blocker as of immediately prior to the Closing (i.e., so that Blocker Seller bears 100% of the decrease in the purchase price as a result of such Funded Debt).
Distribution Principles means the principles of distribution set forth in Section 9.5(b) of the Operating Agreement (i.e., the principles of distribution if all of the assets and properties of the Group Companies were sold and the resulting proceeds were distributed among the members of the Company pursuant to Section 9.5(b) of the Operating Agreement) taking into account the principles of Section 6.4 of the Operating Agreement; provided that the Distribution Principles shall be applied such that (a) the Blocker Tax Liability Amount and any Funded Debt or Transaction Expenses of Blocker reduce or increase, as applicable, only the proceeds payable with respect to the Blocker Company Units and (b) any Cash Amount of the Blocker increases only the proceeds payable with respect to the Blocker Company Units.