Distribution Threshold definition

Distribution Threshold means the “Distribution Threshold” set forth opposite each applicable Owned Unit on Schedule B, as may be adjusted in accordance with Section 1.2.

Distribution Threshold has the meaning specified in the Company LLC Agreement.

Distribution Threshold means, with respect to all Incentive Units issued pursuant to Section 3.04(c), an amount determined by the Board of Managers.

Examples of Distribution Threshold in a sentence

• This means you will receive payments for as long as you live.However, regardless of your marital status, if your vested account balance does not exceed the Automatic Distribution Threshold, if any, then, depending on the terms of your investment arrangement, your vested account balance might be distributed to you in a single lump-sum payment and you might not receive the qualified annuity.• Waiver of annuity.

• The Distribution Threshold of the Units as of the Grant Date is $839,148,175 and may be adjusted as provided in the Partnership Agreement or pursuant to Section 1(h) hereof.

• Notwithstanding anything to the contrary contained herein, at such time as the aggregate Distributions made to Comerica pursuant to this Section 4.01 are equal to the Maximum Class 1 Distribution Threshold, Comerica shall release its Lien on the Consolidated Cash and not be entitled to any further Distributions under this Plan, except for twenty-five percent (25%) of the Wink Sale Reserve Fund upon release, if any.

• For the avoidance of doubt, the distributable value of the Debtors over and above the Maximum Class 1 Distribution Threshold shall be available for Distributions to junior classes of Claims in accordance with the terms of the Plan.

• If the Reference Property is composed solely of non-equity consideration, the Distribution Threshold will be zero.

More Definitions of Distribution Threshold

Distribution Threshold shall have the meaning specified in Section 3.2(d).

Distribution Threshold means $10,000,000.

Distribution Threshold means an amount of Excess GUC Trust Distributable Assets equal to: (i) with respect to New GM Common Stock, 1 million shares of New GM Common Stock, (ii) with respect to the New GM $10.00 Warrants, warrants to acquire 909,091 shares of New GM Common Stock (subject to customary adjustment), (iii) with respect to the New GM $18.33 Warrants, warrants to acquire 909,091 shares of New GM Common Stock (subject to customary adjustment), (iv) with respect to Cash, $5 million, and (v) with respect to any other GUC Trust Distributable Assets, an amount determined by the GUC Trust Administrator and approved by the GUC Trust Monitor.

Distribution Threshold has the meaning set forth in Section 4.5(b).

Distribution Threshold means $0.52 per Common Unit or Class B Unit per Quarter, as applicable, subject to adjustment in accordance with Sections 5.8 and 6.3.

Distribution Threshold means, with respect to any Management Incentive Unit, an amount specified by the Board at the time of its issuance, provided, that such amount shall not be less than (x) the amount of distributions to which such Management Incentive Unit would be entitled (if its Distribution Threshold were zero (0)) under Section 5.4(b) if, immediately after the issuance of such Management Incentive Unit all the assets of the Company were sold for their respective fair market values (as determined by the Board in its sole discretion), the liabilities of the Company were paid in full, and the remaining proceeds were distributed in accordance with Section 5.4(b), minus (y) any amount contributed in respect of such Management Incentive Unit. The Board may increase any Distribution Threshold with respect to outstanding Management Incentive Units in connection with any capital contribution made to the Company following the issuance of such Management Incentive Units.

Distribution Threshold means, with respect to each Profits Unit, the “Distribution Threshold” set forth in the applicable award agreement or other agreement between the holder of such Profits Unit and the Company with respect to the issuance of such Profits Unit or as otherwise established by the WME Directors, in each case as may be adjusted by the WME Directors, in good faith, to account for changes to the Equivalent Price of a Class A Common Unit resulting from Capital Contributions, distributions of Capital Proceeds or Available Cash Flow, Earn-Out Payments, recapitalizations, Unit splits or other similar events; provided that (i) the initial Distribution Threshold of Profits Units issued to Xxxxx Xxxxxxx and/or Xxxxxxx Xxxxxxxxx or their respective Trusts or Family Members within ninety (90) days following the Restatement Date shall be $1,000 and (ii) (x) the initial Distribution Threshold of Profits Units issued to Xxxxx Xxxxxxx and/or Xxxxxxx Xxxxxxxxx or their respective Trusts or Family Members after ninety (90) days following the Restatement shall be the Equivalent Price of a Class A Common Unit as of the date of issuance and (y) the Distribution Threshold of Profits Units issued to Xxxxx Xxxxxxx and/or Xxxxxxx Xxxxxxxxx or their respective Trusts or Family Members shall be adjusted to account for changes to the Equivalent Price of a Class A Common Unit resulting from Capital Contributions, distributions of Capital Proceeds or Available Cash Flow, Earn-Out Payments, recapitalizations, Unit splits or other similar events, in each case of clauses (x) and (y), by the Board, acting unanimously and in good faith. For the avoidance of doubt, no adjustment to the “Distribution Threshold” applicable to a Profits Unit shall be made in respect of any distribution of Available Cash Flow or other cash and/or property of any kind in which such Profits Unit participates in accordance with this Agreement.