Interval Distribution definition

Interval Distribution means the distribution on the Interval Distribution Date, to holders of record of shares of IAC Common Stock and IAC Class B Common Stock as of the Interval Distribution Record Date, of the Interval Common Stock owned by IAC on the basis of a fraction of a share of Interval Common Stock equal to the Interval Distribution Ratio for every one share of IAC Common Stock or IAC Class B Common Stock.
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Examples of Interval Distribution in a sentence

  • On or before the last day of each month following a month in which the Company has sold one or more of its timeshare intervals from the Time Share Project, the Company shall make a cash distribution to the Grand Member equal to the product of (i) the Interval Distribution Amount, times (ii) the number of such intervals sold during that month.

  • The "Interval Distribution Amount" shall be an amount determined by dividing the Grand Member's cumulative Project Capital Contributions by the number of timeshare intervals reasonably expected to be reserved or reservable for sale by the Company, and multiplying the result by 50%.

Related to Interval Distribution

  • Final Distribution means any distribution made in redemption of all or a portion of the Up-MACRO Holding Shares pursuant to Section 5.2(a) or 5.2(c) on the Final Scheduled Termination Date, an Early Termination Date or a Redemption Date.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Special Distribution has the meaning ascribed thereto in Section 4.2(2);

  • Capital Distribution means, with respect to any Person, a payment made, liability incurred or other consideration given for the purchase, acquisition, repurchase, redemption or retirement of any Equity Interest of such Person or as a dividend, return of capital or other distribution in respect of any of such Person’s Equity Interests.