Initial Funding Date Distribution definition
Initial Funding Date Distribution means the payment, on or after the Initial Funding Date (but no later than the Spin-Off Date), of a cash distribution or other cash transfer in an aggregate amount not to exceed $1,500,000,000, through intervening subsidiaries of Alcoa, to Alcoa with a portion of the Net Proceeds of the Senior Unsecured Debt and other cash on hand of Holdings, the Borrower and the Subsidiaries.