Distribution Priorities definition

Distribution Priorities. Ordinary Distribution Date Priority: On any Distribution Date as to which only payments of interest on the Underlying Securities have been received, or to the extent such Distribution Date occurs due to receipt of payments of interest on the Underlying Securities, the Trustee shall apply amounts available: FIRST, to the payment of any accrued and unpaid interest on the Class A Units and any accrued and unpaid Class B Payments pro rata in proportion to the outstanding amount of accrued and unpaid interest and unpaid payments on each, and SECOND, to the payment of any accrued and unpaid Expense Administrator's Fee.
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Distribution Priorities. Ordinary Distribution Date Priority: On any Distribution Date as to which only payments of interest on the Underlying Securities have been received, or to the extent such Distribution Date occurs due to receipt of payments of interest on the Underlying Securities, the Trustee shall apply amounts available: FIRST, to the payment of accrued and unpaid interest on the Class A Units and the Class B Units pro rata in proportion to the outstanding amount of accrued and unpaid interest on each, and SECOND, to the payment of any accrued and unpaid Expense Administrator's Fee.
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Distribution Priorities means the values to which a holder of Interests would be entitled if the Company was sold at the Fair Market Value (as such value is implied from the value to be paid to the holders of the Interests Transferred in such sale) and the net proceeds of such sale (after making adequate provision for all debts and liabilities of the Company) were distributed in accordance with the relative rights and privileges set forth in Article VII. For the avoidance of doubt, as of the date of this Agreement, any such net proceeds in respect of the Class A Common Units would be allocated in accordance with Percentage Shares.
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Examples of Distribution Priorities in a sentence

  • If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • If the Trustee determines that a project for which an application has been submitted in accordance with item 4 of this Schedule 2 is an Eligible Project then it may, in its absolute discretion allocate Trust Funds for distribution, having regard to the Distribution Priorities for that Year of Income, other Eligible Distributions and the value of the Trust Fund in a particular Year of Income and subject to any terms or conditions that the Trustee considers appropriate.

  • The Company's Board will decide on repayment upon availability of sufficient cash flow taking into account the Distribution Priorities as defined in the Shareholders' Agreement.

  • Interest shall accrue on the Outstanding Principal Balance on a quarterly basis and become payable upon the Company's Board decision taking into account the Distribution Priorities as defined in the Shareholders' Agreement.

  • Innovative Distribution Priorities for the Medical Devices Industry in the Fourth Industrial Revolution.

  • SECTION 7.2 Preservation of Information; Communications to Noteholders.......................

  • The amount payable under Section 4 of the AEW New Loan Note may be paid at any time after the Appraised Value is determined and shall be the amount (if any) which would be payable under the AEW New Loan Note under the Distribution Priorities if the Tower Property were sold for the Appraised Value on the New Loan Valuation Date.

  • Section 507 - Distribution Priorities Finally, the trustees argue that this exemption operates to reconfigure the distribution priorities under § 507 because KAN.

  • Such distribution will be made quarterly as soon as cash flow allows after the close of the Offering in accordance with the Members' respective Percentage Interests and the priorities respecting “A”, “B”, “C” and “D” Units described in "Summary of Offering," later in this section under "LLC Cash Flow and Distribution Priorities, " and “Description of Units Offered.

  • If no Additional Interest is paid for the calendar year in which the contributions are made by PTLP, the amount contributed shall be added to the indebtedness under the Amended Tower Second Note as an Additional AEW Advance and shall be payable in accordance with the Distribution Priorities under Section 6.


More Definitions of Distribution Priorities

Distribution Priorities. Ordinary Distribution Date Priority: On any Distribution Date as to which only payments of interest on the Underlying Securities have been received, or to the extent such Distribution Date occurs due to receipt of payments of interest on the Underlying Securities, the Trustee shall apply amounts available:
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Distribution Priorities. Ordinary Distribution Date Priority: On any Distribution Date as to which only payments of interest on the Underlying Securities have been received, or to the extent such Distribution Date occurs due to receipt of payments of interest on the Underlying Securities, the Trustee shall apply amounts available: FIRST, to the payment of any accrued and unpaid interest on the Units, and SECOND, to the payment of any accrued and unpaid Expense Administrator’s Fee. Exercise of Warrants Priority: On any Distribution Date occurring in connection with an exercise of the Warrants, or to the extent such Distribution Date occurs due to the exercise of Warrants, whether in whole or in part, whether or not such exercise results in a Trust Wind-Up Event, the Trustee shall apply amounts available in connection with such exercise (corresponding to the amounts allocable to the aggregate Corresponding Underlying Security Amount related to such exercise): FIRST, to the payment of any accrued and unpaid interest on the Units, SECOND, to the payment of the outstanding principal on the Units being called, THIRD, to the payment of $1.50 on each Unit called as an Additional Distribution, if the related Call Date occurs prior to the First Regular Call Date and occurs in connection with a tender offer for the Underlying Securities, FOURTH, to the payment of any accrued and unpaid Expense Administrator’s Fee, including the Expense Administrator Make-Whole Amount, if any, and FIFTH, to the exercising Warrantholders, to the extent such Warrantholders specified or were deemed to specify that their exercise was in connection with a redemption of or a tender offer for the Underlying Securities. If any exercise of Warrants would result in the Trust not having sufficient funds to pay each of items FIRST through FOURTH in full, notwithstanding any other provision in this Trust Agreement (including the Additional Warrants Terms on Schedule III) or the Warrants, such exercise will be rescinded pursuant to Section 1.1(h) or Section 1.1(i) of Schedule III.
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Distribution Priorities means (a) with respect to a transaction in which no Preferred Units are transferred or redeemed, the applicable aggregate consideration payable upon consummation of such transaction to all Members in respect of their Interests shall be apportioned among the Units being transferred in such transaction and (b) with respect to any other transaction, the values to which a holder of Interests would be entitled if the Company was sold at the Fair Market Value (as such value is implied from the value to be paid to the holders of the Interests Transferred in such sale) and the net proceeds of such sale (after making adequate provision for all debts and liabilities of the Company) were distributed in accordance with the relative rights and privileges set forth in Article VII (and for the avoidance of doubt, subject to the last sentence of Section 2.1(a)). For the avoidance of doubt, any such net proceeds in respect of the Common Units would be allocated in accordance with Percentage Shares.
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Distribution Priorities means the order of payments of the Stock Election Consideration, if any, in accordance with the Charter Documents of the Company. For clarity and illustration, the Stock Election Consideration, if any, shall be paid as follows: (i) first, with respect to shares of Series D Preferred Stock and Series D-1 Preferred Stock as to which a Stock Election has been properly made and not revoked, to all Holders of such shares based on each such Holder’s Percentage Interest until such Holders have received aggregate Parent Common Stock Value equal to the First Tranche Holder Distribution Amount; (ii) second, with respect to shares of Series C Prime Preferred Stock and Series C-1 Prime Preferred Stock as to which a Stock Election has been properly made and not revoked, to all Holders of such shares based on each such Holder’s Percentage Interest until such Holders have received aggregate Parent Common Stock Value equal to the Second Tranche Holder Distribution Amount; (iii) third, with respect to shares of Series C Preferred Stock as to which a Stock Election has been properly made and not revoked, to all Holders of such shares based on each such Holder’s Percentage Interest until such Holders have received aggregate Parent Common Stock Value equal to the Third Tranche Holder Distribution Amount; (iv) fourth, with respect to shares of Series B-2 Preferred Stock, Series B-1 Preferred Stock, and Series B Preferred Stock as to which a Stock Election has been properly made and not revoked, to all Holders of such shares based on each such Holder’s Percentage Interest until such Holders have received aggregate Parent Common Stock Value equal to the Fourth Tranche Holder Distribution Amount; (v) fifth, with respect to shares of Series A Preferred Stock as to which a Stock Election has been properly made and not revoked, to all Holders of such shares based on each such Holder’s Percentage Interest until such Holders have received aggregate Parent Common Stock Value equal to the Fifth Tranche Holder Distribution Amount; (vi) sixth, with respect to shares of Series Seed Prime Preferred Stock as to which a Stock Election has been properly made and not revoked (the “Sixth Tranche Holder Interests”), to all Holders of such shares based on each such Holder’s Percentage Interest until such Holders have received aggregate Parent Common Stock Value equal to the Sixth Tranche Holder Distribution Amount; (vii) seventh, with respect to shares of Series Seed Preferred Stock as to which a ...
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Distribution Priorities means the priorities for the allocation and distribution of Cash Flow provided by Section 6 of this Agreement.
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Related to Distribution Priorities

  • Distribution Tariff means the Distribution Tariff prepared by the Company and approved by the Commission on an interim or final basis, as the case may be;

  • Distribution line means any single or multiphase electric power line operating at nominal voltage in either of the following ranges: 2,000 to 26,000 volts between ungrounded conductors or 1,155 to 15,000 volts between grounded and ungrounded conductors, regardless of the functional service provided by the line.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Distribution Plan means any plan or formula of allocation of the Net Settlement Fund, to be approved by the Court, upon notice to the Class as may be required, whereby the Net Settlement Fund shall in the future be distributed to Authorized Claimants.

  • Group I Certificates The Class A-1 Certificates.

  • Group III Certificates The Group III-A Certificates.

  • Distribution Protocol means the plan for distributing the Settlement Amount and accrued interest, in whole or in part, as approved by the Courts.

  • Distributable Funds with respect to any month or other period, as applicable, shall mean an amount equal to the Cash Flow of the Company for such month or other period, as applicable, as reduced by reserves for anticipated capital expenditures, future working capital needs and operating expenses, contingent obligations and other purposes of the Company or any Subsidiary, the amounts of which shall be reasonably determined from time to time by the Management Committee.

  • Distribution Upgrades has the meaning set forth in the CAISO Tariff.

  • Distribution Amount means the principal amount of $42,500,000 for each of the COP Swap Counterparties, plus interest, on and after October 15, 2014, on the unpaid Net Amount at the rate applicable to obligations under the Postpetition Financing Agreement, payable in cash in the manner set forth in the COP Swap Settlement Agreement.

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Distributable Certificate Interest means, with respect to any Class of REMIC III Regular Certificates for any Distribution Date, the sum of (A) Accrued Certificate Interest in respect of such Class for such Distribution Date, reduced (to not less than zero) by (1) any Net Aggregate Prepayment Interest Shortfall allocated on such Distribution Date to such Class pursuant to Section 6.7, (2) with respect to each Class of the Class B, Class C, Class D and Class E Certificates, any Trust Advisor Expenses allocated on such Distribution Date to such Class in reduction of the Distributable Certificate Interest thereon pursuant to Section 6.11, and (3) with respect to each Class of the Class C, Class D and Class E Certificates, any amounts reimbursable in accordance with Section 6.11(c), out of amounts otherwise distributable as interest in respect of such Class, to any more senior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to such more senior Class of Certificates pursuant to Section 6.11, plus (B) if such Distribution Date is subsequent to the initial Distribution Date, any Unpaid Interest in respect of such Class for such Distribution Date, plus (C) in the case of a Class of Principal Balance Certificates, if the Certificate Balances of such Principal Balance Certificates are increased on such Distribution Date in accordance with clause (b) of the definition of “Certificate Balance”, the total amount of interest at the applicable Pass-Through Rate that would have accrued and been distributable with respect to the amount by which the related Aggregate Certificate Balance was so increased, if such Aggregate Certificate Balance had not been reduced by that amount in connection with the allocation of Collateral Support Deficits in the first place and assuming that the reinstatement of Certificate Balance is in reverse chronological order of the original reductions therein, plus (D) in the case of each Class of the Class B, Class C, Class D and Class E Certificates, the amount of any Actual Recoveries of Trust Advisor Expenses allocated in accordance with Section 6.11(c) to such Class of Certificates to increase the Distributable Certificate Interest thereof for such Distribution Date, plus (E) in the case of each Class of the Class B, Class C and Class D Certificates, any amounts reimbursed in accordance with Section 6.11(c) to such Class of Certificates by any more junior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to the subject Class of Certificates pursuant to Section 6.11. Any increase in the Distributable Certificate Interest with respect to any Class of Principal Balance Certificates for any Distribution Date pursuant to clause (C) of the prior sentence shall result in a corresponding reduction of interest payable on unreimbursed allocations of Collateral Support Deficits in respect of such Class of Principal Balance Certificates.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Distribution main means the portion of any main with which a service line is, or is intended to be, immediately connected;

  • Group 1 Senior Certificates As specified in the Preliminary Statement.

  • Distribution box means a watertight component that receives effluent from a septic tank or other treatment unit and distributes effluent via gravity in approximately equal portions to two or more distribution laterals in the soil treatment area.

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Distribution facilities means those facilities by and through which electricity is received from a transmission services provider and distributed to the customer and that are controlled or operated by a distribution services provider.

  • Group 3 Senior Certificates As specified in the Preliminary Statement.

  • Senior Certificates As specified in the Preliminary Statement.

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2020-GC46, Commercial Mortgage Pass-Through Certificates, Series 2020-GC46, and the Uncertificated VRR Interest Owner, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.