Partnership Distribution definition

Partnership Distribution shall have the meaning set forth in Section 1.3.

Partnership Distribution means, with respect to a particular fiscal quarter, the total amount of distributions to be made by the Partnership pursuant to Section 4.1 of the Partnership Agreement.

Partnership Distribution means, with respect to a particular fiscal quarter, the product of (i) that portion of the Partnership’s quarterly cash distributions, if any, during such quarter in excess of the Distribution Threshold Amount (as defined in Schedule I) for such quarter, multiplied by (ii) 100% less the percentage (if any) of any such quarterly distributions payable to GP LLC in accordance with the Partnership Agreement; provided, that for purposes of this definition, the amount of a quarterly cash distribution shall exclude any cash distribution paid only with respect to a Class A Unit (and, if applicable, the General Partner) that is funded by indebtedness.

Examples of Partnership Distribution in a sentence

• To the extent that a Partnership Distribution is paid in a form other than cash, the Corporation shall sell a portion of such Partnership Distribution sufficient to reserve for taxes payable by the Corporation as reasonably determined by the Board, and the balance of such Partnership Distribution shall be a Pass-Through Distribution.

• The Company's maximum exposure to loss under the arrangement is limited to its minimum revenue guarantee payment of $2.4. Long-Term Incentive Plan On May 12, 2005, Motion Picture Distribution Limited Partnership ("Distribution LP"), the Company's motion picture distribution subsidiary, created a trust, administered by a third party, to act as trustee for Distribution LP's Long-Term Incentive Plan ("LTIP") (see note 16).

• Each such share so issued, assigned, transferred and delivered shall be valued for this purpose at the average of the Daily Prices (calculated to the nearest thousandth) for the 20 Business Day period beginning 10 Business Days before the date on which the related Partnership Distribution is made and ending 9 Business Days thereafter.

• The Board shall fix the record date for any Pass-Through Distribution to be the same date as the record date for the corresponding Partnership Distribution fixed by the managing member of the Partnership or, if necessary to comply with applicable law, such later date that is as soon as practicable after the record date for the Partnership Distribution fixed by the managing member of the Partnership.

• Each Contingent Payment Amount shall be paid 15 Business Days after the Company receives the related Partnership Distribution.

More Definitions of Partnership Distribution

Partnership Distribution means and include (a) any payment or distribution of income or profits of the Company (other than payments of management fees pursuant to the Equipment Management Agreement), (b) any other payment or other distribution of Property (including, without limitation, cash distributions) made by or on behalf of the Company to any of its Partners (general or limited) which under generally accepted accounting principles would be required to be deducted from the capital account for such Partner on the books of the Company, and (c) any payment or other distribution to any Person to purchase, redeem or retire any warrant, option or other right to acquire an interest as a partner, general or limited, in the Company.

Partnership Distribution means the product of (i) that portion, if any, of the Partnership’s quarterly cash distributions in excess of $11.0 million, multiplied by (ii) 100% less the percentage (if any) of any such quarterly distributions payable to GP LLC in accordance with the Partnership Agreement.

Partnership Distribution means, with respect to a particular fiscal quarter, the product of (i) that portion, of the Partnership’s quarterly cash distributions, if any, during such Quarter in excess of the Distribution Threshold Amount (as defined in Schedule I) for such quarter, multiplied by (ii) 100% less the percentage (if any) of any such quarterly distributions payable to GP LLC in accordance with the Partnership Agreement; provided, that for purposes of this definition, the amount of a quarterly cash distribution shall exclude any cash distribution paid only with respect to a Class A Unit (and, if applicable, the General Partner) that is funded by indebtedness.

Partnership Distribution for any Person means, with respect to such Person's partnership interest in any Cellular Partnership, a cash distribution with respect thereto paid from the operating income of such Cellular Partnership (expressly excluding any partnership distributions representing a return on such Person's capital investments in such Cellular Partnership or non-recurring or other extraordinary gains realized by such Cellular Partnership).

Partnership Distribution means and include (a) any payment or distribution of property of the Company, including cash and non-cash items, to

Partnership Distribution means and include (a) any payment or distribution of property of the Company, including cash and non-cash items, to its Partners, (b) any other payment or other distribution of property (including cash and non-cash distributions) made by or on behalf of the Company to any of its Partners which under GAAP would be required to be deducted from the capital account for such Partner on the books of the Company, and (c) any purchase, redemption or retirement of any interest as a Partner in the Company or any purchase, redemption or retirement of any warrant, option or other right to acquire an interest as a Partner in the Company. Without limiting the foregoing, "Partnership Distribution" shall include any Partnership Tax Distribution.

Partnership Distribution shall include any Partnership Tax Distribution.