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
When the Issuer has made its annual audited consolidated financial statements of the Group available in accordance with Clause11.1(a), then the Permitted Distribution Amount shall be increased or decreased (as the case may be) by fifty (50) per cent.
A Permitted Distribution made in accordance with paragraph (c) above shall decrease the Permitted Distribution Amount accordingly.
Permitted Distributions may only be made up to the Permitted Distributions Amount and any Permitted Distributions made shall decrease the Permitted Distribution Amount accordingly.
Less the Permitted Distribution Amount (if any), calculated in accordance with the ratio: 1 cent distributed is equal to 0.00203252032520 CLW Securities.
In each case, the Scheme Consideration will be reduced by the Permitted Distribution Amount (if any).
More Definitions of Permitted Distribution Amount
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 2013 (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, 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:
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 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, Acquisition No. 2 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, Acquisition No. 2 or such other acquisitions of Oil and Gas Properties acceptable to the Administrative Agent.
Permitted Distribution Amount as follows: