Distributive Share definition

Distributive Share. All of a Member’s interest in Distributions by the Company.
View Source
Distributive Share means the percentages set forth in Article 3 as in effect from time to time.
View Source
Distributive Share means, at any time, a Limited Partner’s percentage entitlement to Distributable Income; and for any Unsigned First Nation, means such Unsigned First Nation’s percentage entitlement to Distributable Income that would, at such time, apply to the Unsigned First Nation if such Unsigned First Nation were a Limited Partner; in each case calculated in accordance with the Distribution Formula.
View Source

Examples of Distributive Share in a sentence

  • In the event applicable law requires the Company to pay or withhold any amount on behalf of a Member (including any federal, state, local or foreign taxes) measured by a Member’s Distributive Share of the Company’s Net Profits, gain or any other Company item, other than any amount required to be deducted and withheld from actual Distributions to a Member, then the payment or withholding of any such amount shall be considered a loan (“Tax Loan”) by the Company to such Member (the “Borrowing Member”).

  • Upon dissolution and liquidation of the Joint Venture pursuant to Article 13 hereof, gain from the sale, exchange, abandonment, foreclosure or other disposition of all or any portion of the Joint Venture property or any interest therein shall be allocated among the Venturers according to the Distributive Share of each.

  • In the event that both of the other Venturers elect to make an Excess Contribution, then such other Venturers shall have the right to do so in proportion to each of their then current Distributive Share (without regard to the Distributive Share of the Non-Contributing Venturer.

  • The resulting percentage amount will then be subtracted from such Non-Contributing Venturer's then existing Distributive Share (provided same shall not be reduced below zero) and an equivalent amount shall be added to the respective Distributive Share(s) of the Venturer(s) who made any such Excess Loan (in proportion to the amount of Excess Loans made to such Venturers).

  • The determination as to the amount of the Distributive Share of any Participant or Beneficiary shall be made by the Committee.


More Definitions of Distributive Share

Distributive Share shall have the meaning as given such term in Section 704 of the Code and applicable Treasury Regulations and any similar or corresponding provision of state and local law.
View Source
Distributive Share means the amount payable to a Participant or his Beneficiary upon his retirement, disability, death or other termination from employment.
View Source
Distributive Share means for an Equity Seller or an Asset Seller the percentage set forth on Schedule 10.15 (Distributive Share).
View Source
Distributive Share has the meaning specified in Section 3.02(c)(2).
View Source
Distributive Share means a member's percentage share of
View Source
Distributive Share means the amount that a Partner would have received pursuant to Section 3.7(a) herein if the Partnership had been liquidated and all adjustments pursuant to Section 3.5 herein had been made at the date in question and all assets of the Partnership had been converted to cash in an amount equal to the value of all such assets computed in accordance with Section 3.6 herein.
View Source
Distributive Share means, with respect to any member and with respect to any taxable year of such member:
View Source