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 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.
Examples of Permitted Distribution Amount in a sentence
Purchasers shall prepare and deliver to Sellers not later than forty five (45) days after the Closing Date a statement (the “Final Statement”) setting forth: Purchasers’ good faith calculations of the Closing Date Distribution Amount, the Permitted Distribution Amount, the Ticking Fee, the Portfolio Management Fee, the Credit Support Fee, the Casualty Event Adjustment, and the resulting calculation of the Closing Purchase Price based on the foregoing, along with reasonable supporting documentation.
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) for the previous financial year.
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, without duplication, (a) any reasonable fees paid or expenses reimbursed to Sellers or any of their Affiliates for the provision of bona fide goods or services in the ordinary course of business after the Closing Effective Date not in excess of $[***] in the aggregate across all Company Entities, and invoiced to or otherwise documented by the applicable Company Entity, (b) any payment made or agreed to be made by or on behalf of any Company Entity pursuant to this Agreement or any Contract to be entered into pursuant to this Agreement, in each case, as set forth on Section 1.01(d)-(1) of the Company Disclosure Schedule, (c) any other payment by or on behalf of any Company Entity with Purchaser’s prior written consent, (d) any and all payments or reimbursements made pursuant to and in accordance with any payment, fee and/or reimbursement obligations under any operation and maintenance agreements and/or any similar agreements, as set forth on Section 1.01(d)-(2) of the Company Disclosure Schedule, by and between Sellers and/or any of their Affiliates (other than the Company Entities), on the one hand, and the Company Entities, on the other hand, that are effective as of the date hereof and Made Available to Purchaser, provided that the foregoing shall not include (i) any of the $[***]/kW Service Fees (subject to escalation) (as such term is defined in such agreements) under any such agreements, and (ii) any obligations incurred prior to the Closing Effective Date, (e) any Taxes imposed on a Company Entity as a result of any of the foregoing matters, (f) those certain expenses and liabilities incurred by a Company Entity prior to or on the Closing Effective Date that are set forth on Section 1.01(h) of the Company Disclosure Schedule, (g) the cost of certain inventory consumed in the normal course operation after the Closing Effective Date and prior to the date hereof in an amount not to exceed $[***], (h) $[***] of payments or reimbursements made in respect of inverter-related labor that were incurred in the months of July 2025 or August 2025, and (i) fifty percent (50%) of any insurance proceeds received by any of the Company Entities after the Closing Effective Date relating to the Conetoe II Utility Outage; provided, that “Permitted Distribution Amount” shall in all cases exclude any fees or expenses paid to Sellers or any of their Affiliates to the extent associated with maintaining the credit support set forth on Section 6.12 of the Company Discl...
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, 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.