First Distribution Period definition

First Distribution Period means that period of time that commences on and includes the day of issuance of such Class C OP Unit and shall end on and include the last day of the calendar quarter in which such issuance occurred.

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First Distribution Period means the period beginning on (and including) the Effective Time and ending on (and including) the last day of the fiscal quarter during which Member A has realized the Class A Target Yield.

First Distribution Period means the period of time between the Closing and the conclusion of the Relevant Measurement Period associated with the initial Options Closing Date that occurs under this Agreement.

Examples of First Distribution Period in a sentence

• During the First Distribution Period, Member B may sell its Class B Units with the written consent of Member A, which consent may be given or withheld, conditioned or delayed, by Member A in its sole discretion; provided, however, that if neither Member B nor any of its Affiliates is then acting as the Operator of the Project, then Member B may sell its Class B Units with the written consent of Member A, which consent shall not be unreasonably withheld, delayed or conditioned.

• At any time after the First Distribution Period, Member B may sell its Class B Units with the written consent of Member A, which consent shall not be unreasonably withheld, delayed or conditioned.

• During the First Distribution Period, the Managers of the Company shall be elected as follows: (i) three (3) Managers shall be elected by the holders of the Class A Units voting separately as a class and (ii) one (1) Manager shall be elected by the holders of the Class B Units voting separately as a class.

• Subject to Section 3.1, the first distribution to be paid for each Class C OP Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution (subject to adjustment in the event of a Reclassification) multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter to which such First Distribution Period corresponds.

• Subject to Section 5.1 above, the first distribution to be paid for each Series D Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter to which such First Distribution Period corresponds.

• Subject to Section 5.1 above, the first distribution to be paid for each Series C Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter that contains such First Distribution Period.

• Subject to Section 5.1 above, the first distribution to be paid for each Series D Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter that contains such First Distribution Period.

• Subject to Section 5.1 above, the first distribution to be paid for each Series C Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter to which such First Distribution Period corresponds.

More Definitions of First Distribution Period

First Distribution Period means that period of time that commences on the day after the closing of the MeriStar Merger and shall end on and include the last day of the calendar quarter in which such closing occurred.

First Distribution Period means the 6 (six) month period commencing on the 1st (first) day of the financial year of the Company and ending on the First Designated Date;