Equivalent Distribution definition

Equivalent Distribution has the meaning given in Clause 3.1;

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Equivalent Distribution has the meaning given in Section 4.1(A);

Equivalent Distribution has the meaning assigned thereto in the recitals;

Examples of Equivalent Distribution in a sentence

• If either party is prohibited by Applicable Laws or is otherwise unable to declare, pay or otherwise make all or any portion of an Equivalent Distribution, Thomson-Reuters and Thomson shall, so far as it is practicable to do so, enter into such transactions with each other as the Boards agree to be necessary or desirable so as to enable both to pay cash Equivalent Distributions as nearly as practicable at the same time in accordance with the other provisions of this Section 4.

• If, in violation of this clause (D), the Company fails to pay in full any Series A Cash Equivalent Distribution when due, then the holders entitled to the unpaid Series A Cash Equivalent Distribution shall be entitled to Series A Cash Distributions and distributions of PIK Units in subsequent Months and to all other rights under this Agreement as if such Series A Cash Equivalent Distribution had in fact been distributed on the date due.

• Nothing in this clause (D) shall alter the obligation of the Company to pay any unpaid Series A Cash Equivalent Distribution or the right of Series A Unitholders to enforce this Agreement to compel the Company to distribute any unpaid Series A Cash Equivalent Distribution.

More Definitions of Equivalent Distribution

Equivalent Distribution has the meaning assigned thereto in the recitals. (q) “Equivalent Share Subdivision” has the meaning set out in Section 2.1(a)(ii)(B). (r) “Exchange Feature” has the meaning assigned thereto in the recitals. (s) “Exchangeable Shares” means the Class A Shares and/or the Class A-1 Shares, as applicable. (t) “Governing Body” means (i) with respect to a corporation, an unlimited liability company or a limited company, the board of directors of such corporation, unlimited liability company or limited company, (ii) with respect to a limited liability company, the manager(s) or managing partner(s) of such limited liability company, (iii) with respect to a partnership, the board, committee or other body of the general partner of such partnership that serves a similar function (or if any such general partner is itself a partnership, the board, committee or other body of such general partner’s general partner that serves a similar function) and (iv) with respect to any other Person, the body of such Person that serves a similar function. (u) “Non-Brookfield Holders” means holders of Exchangeable Shares other than Brookfield. (v) “Original Support Agreement” has the meaning assigned thereto in the recitals. (w) “Other Entity” has the meaning set out in Section 3.4(b). (x) “Other Securities” has the meaning set out in Section 3.4(b). (y) “Outstanding BN Shares” for purposes of Section 3.4 means BN Shares outstanding and beneficially owned by any Person other than the Other Entity or its affiliates.

Equivalent Distribution shall have the meaning set out in Article 234;