Excess Distribution definition

Excess Distribution is defined in Section 6.1(d)(iii)(A).

Excess Distribution means the aggregate amount of the distributions (not fees) received from the Company by an Affiliated Person, whether as the owner of Common Shares, Class A Investor Shares, or otherwise, in excess of the amount of such Affiliated Person’s Capital Contribution.

Excess Distribution has the meaning given such term in Section 6.1(d)(iii)(A). “Excess Distribution Unit” has the meaning given such term in Section 6.1(d)(iii)(A).

Examples of Excess Distribution in a sentence

• In addition, Navient Funding, LLC, as the sole Excess Distribution Certificateholder of the Issuer, hereby irrevocably waives any rights it may have under any Basic Document (as defined in the Indenture) to receive prior notice of the substance of this Amendment.

• Navient Funding, LLC hereby: (i) certifies that it owns 100% of the Excess Distribution Certificate issued by the Issuer; (ii) certifies that it consents to this Amendment in all respects; and (iii) instructs and directs Deutsche Bank Trust Company Americas, as Eligible Lender Trustee, to execute and deliver this Amendment in the name of the Issuer.

• The Customer agrees to pay the Company a Monthly Facilities Charge equal to 1.08% of the estimated new installed cost of all Excess Distribution and Substation Facilities, provided by the Company, plus 0.84% of the estimated new installed cost of all Excess Transmission Facilities provided by the Company, in addition to those the Company would normally provide to supply electricity to the Customer at one Delivery Point.

• On and after January 1, 2011, the Excess Distribution and Substation Facilities Charge in Section IV.F.3.a. or IV.F.3.c. (at the Customer’s option) of the Terms and Conditions will apply to Customers electing Interval Metering Service Options.

• In addition, the Customer shall pay an on-going Monthly O & M Charge that is equal to the applicable Installation Charge multiplied by the Excess Distribution and Substation Facilities charge found in Section IV.F.3.a. of the Terms and Conditions.

More Definitions of Excess Distribution

Excess Distribution means the distribution in the amount of Three Hundred Million U.S. Dollars ($300,000,000.00) to be paid by the GUC Trust to the Unitholders as set forth in Paragraph 144 of this Agreement.

Excess Distribution shall have the meaning set forth in Section 5.3(a) hereof.

Excess Distribution means the amount, if any, by which (x) the greater of (i) the aggregate distributions (including any ordinary and extraordinary distributions) declared in any Quarter on the Exchange Number of BPY Units and (ii) the aggregate distributions (including any ordinary and extraordinary distributions) paid in any Quarter on the Exchange Number of Redemption-Exchange Units divided by the Exchange Ratio, exceeds (y) the Base Distribution in such Quarter with respect to one Series 4 Unit; provided that the Base Distribution for the period from the Issue Date to December 31, 2014 shall be deemed to be, for the purposes of calculating the Excess Distribution only, $0.39063 per Series 4 Unit.

Excess Distribution means the distribution in the amount of Three Hundred Million U.S. Dollars ($300,000,000.00) to be paid by the GUC Trust to the Unitholders as set forth in Paragraph 154 of this Agreement.

Excess Distribution in relation to a Quarterly Distribution Date means the amount (if any) payable to the Residual Unitholder on that Quarterly Distribution Date pursuant to clause 10.2B(o).

Excess Distribution and the Unit with respect to which the greater distribution is paid, an “Excess Distribution Unit”), then (1) there shall be allocated gross income and gain to each Unitholder receiving an Excess Distribution with respect to the Excess Distribution Unit until the aggregate amount of such items allocated with respect to such Excess Distribution Unit pursuant to this Section 6.1(d)(iii)(A) for the current taxable period and all previous taxable periods is equal to the amount of the Excess Distribution; and (2) the General Partner shall be allocated gross income and gain with respect to each such Excess Distribution in an amount equal to the product obtained by multiplying (x) the quotient determined by dividing (aa) the General Partner’s Percentage Interest at the time when the Excess Distribution occurs by (bb) a percentage equal to 100% less the General Partner’s Percentage Interest at the time when the Excess Distribution occurs, times (y) the total amount allocated in clause (1) above with respect to such Excess Distribution; provided, however, this Section 6.1(d)(iii)(A) shall not apply to any Excess Distribution in respect to or measured by a distribution with respect to a Preferred Unit and shall not apply to the extent distributions are not made with respect to a Deemed Warrant Unit with respect to any Record Date prior to the Vesting Date of such Deemed Warrant Unit.

Excess Distribution has the meaning assigned to such term in Section 6.1(c)(iii). “Excess Distribution Unit” has the meaning assigned to such term in Section 6.1(c)(iii). “Event of Withdrawal” has the meaning assigned to such term in Section 11.1(a).