Permitted Distribution Amount definition

Permitted Distribution Amount means fifty (50) per cent. of the consolidated net profit (defined as profit / loss) as it appears on the Group’s income statement (prepared in accordance with the Accounting Principles) of the Group for the period from (and including) the financial quarter during which an Equity Listing Event occurred to the end of the same financial year, as increased or decreased (as the case may be) by fifty (50) per cent. of consolidated net profit or loss of the Group as set out in the financial statements for each following financial year.

Permitted Distribution Amount means, for each financial year, fifty (50) per cent. of the consolidated net profit (defined as profit / loss after taxes) as it appears on the Group’s income statement in the most recent annual audited consolidated financial statements of the Group (prepared in accordance with the Accounting Principles).

Permitted Distribution Amount means fifty (50) per cent. of the consolidated net profit (defined as profit / loss) as it appears on the Group’s income statement (prepared in accordance with the Accounting Principles) for the previous financial year.

Examples of Permitted Distribution Amount in a sentence

• Within forty five (45) days after the Closing Date, Parent shall prepare and deliver to the Company Representative a statement (the “Post-Closing Statement”), which shall set forth Parent’s good faith estimate of the Permitted Distribution Amount, the Make-Whole Amount, any Leakage and any Permitted Leakage of the Company from January 1, 2024 to the Closing Date and the resulting Post-Closing Adjustment.

• SECTION 6.22 of the Credit Agreement is amended to delete the phrase "Permitted Share Repurchase Amount" now appearing therein, and to substitute the following therefor: "Permitted Distribution Amount".

• Additionally, if the Restricted Payment is made pursuant to clause (vi) of the second paragraph of this Section 10.10, the Company shall state in such certificate that (i) the Restricted Payment is designated as a Permitted Distribution, (ii) the Permitted Distribution Amount accrued on a cumulative basis during the period referred to in such clause and (iii) the aggregate amount of all Permitted Distributions made prior to the date of such certificate.

• Declare or pay any Distributions in respect of any Person's ownership interest in the Borrower other than Permitted Distributions or declare or pay Distributions, in the aggregate, in excess of the Maximum Permitted Distribution Amount (other than Distributions of funds to the Sponsor pursuant to Section 5.3(c) of the Deposit Account Agreement).

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More Definitions of Permitted Distribution Amount

Permitted Distribution Amount means fifty (50) per cent. of the cumulative consolidated net profit (defined as profit / loss after taxes) of the Issuer for the period (treated as one accounting period) from the first day of the first fiscal quarter commencing after the First Issue Date to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which Financial Reports of the Issuer are available.

Permitted Distribution Amount means fifty (50) per cent. of the consolidated net profit (defined as profit / (loss) as it appears on the Group's income statement prepared in accordance with the Accounting Principles) of the Group for the financial year 2017 (before taking into account any interest payable in kind on any Shareholder Loan) and as increased or decreased pursuant to Clause 13.2 (Distributions).

Permitted Distribution Amount means, with respect to any period of time, 95% of Funds From Operations for the relevant period.

Permitted Distribution Amount means:

Permitted Distribution Amount means, on any date of determination, the lesser of (i) twelve and one-half cents ($0.125) times the number of shares of capital stock of the Borrower issued and outstanding as of the last day of the most recently ended calendar quarter and (ii) the amount that Borrower is permitted to distribute as a dividend or like distribution to its shareholders in respect of its shares of capital stock for such quarter pursuant to Applicable Law, its corporate governing documents and any contractual obligations applicable to it; provided, however, that the aggregate Permitted Distribution Amount shall not in any event exceed $8,000,000 in any calendar year.

Permitted Distribution Amount means an amount not to exceed the amount of cash contributions received from the Parent after the Fourth Amendment Effective Date and applied as consideration for Acquisition No. 1 or other acquisitions of Oil and Gas Properties acceptable to the Administrative Agent occurring prior to August 1, 2014; provided that such amounts of cash contributions are used for no purposes other than as consideration for Acquisition No. 1 or such other acquisitions of Oil and Gas Properties acceptable to the Administrative Agent.

Permitted Distribution Amount means fifty (50) per cent. of the consolidated net profit (defined as profit / loss) as it appears on the Group's income statement