Minimum Distribution definition

Minimum Distribution means an amount equal to two million dollars for the first distribution and after that adjusted annually on a cumulative basis by a percentage equal to the increase in revenues credited to the Education Improvement Act Fund for the most recently completed fiscal year over the revenues credited to that fund in the preceding fiscal year.

Minimum Distribution. As defined in Section 6.01(a).

Minimum Distribution. With respect to any Agency Security for any month following the date of determination, the amount of the scheduled Agency Security Distributions on such Agency Security due in such month, determined in accordance with Section 1.02.

Examples of Minimum Distribution in a sentence

• For certain qualified contracts, the Required Minimum Distribution is the amount defined by the Internal Revenue Code and the implementing regulations as the minimum distribution requirement that applies to this Contract only.

• This is the latest date when your lifetime Required Minimum Distribution payments with respect to this Contract can start.

• The Required Minimum Distribution rules may be satisfied by either electing an Annuity Benefit or by taking withdrawals at least annually from or with respect to your entire interest in this Contract, all as subject to these rules.

• If you choose annual withdrawals, your annual Required Minimum Distribution payments calculated for this Contract may be made from this Contract or from another individual retirement arrangement that you maintain, pursuant to Treasury Regulation Section 1.408-8.

• If you do not take lifetime Required Minimum Distribution payments from this Contract, we will assume that you are taking them from another individual retirement arrangement that you maintain.

More Definitions of Minimum Distribution

Minimum Distribution means $0.4625 per Subordinated Unit per Quarter, subject to proportional adjustment in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10 of the Partnership Agreement.

Minimum Distribution shall have the meaning given that term in Section 8.2.

Minimum Distribution means, as of the end of any Fiscal Quarter, an amount equal to the excess, if any, of (i) 35% of cumulative net income of the Company as determined for financial accounting purposes from the Effective Date through the end of such Fiscal Quarter, over (ii) cumulative distributions previously made pursuant to Section 4.2.

Minimum Distribution means the aggregate amount of distributions (including any interimdistributions, if such are approved at any point in time during agiven accounting year) approved with respect to any given year

Minimum Distribution for the period from the date hereof until December 31, 2005 means the greater of (i) 80% of the Adjusted Base Amount for the such period, and (ii) $1,100,000 and for each Fiscal Year beginning on or after January 1, 2006 means the greater of (i) 80% of the Adjusted Base Amount for the respective year, and (ii) $1,200,000.

Minimum Distribution means fourteen million dollars ($14,000,000).

Minimum Distribution means a distribution made to a Member pursuant to Section 8.1 of this Agreement in an amount equal to the product obtained by multiplying the Taxable Income allocated to such Member for the applicable Fiscal Year for which a Minimum Distribution is being made by the Assumed Tax Rate.