Preferred Distribution Amount definition

Preferred Distribution Amount means the amount equal to the sum of the amounts necessary to satisfy Distribution level 1, Distribution level 2 and Distribution level 3(a) described in Annex A-1 Section 4(a) only (Asset Sale Scenario) of Exhibit C of the Certificates of Designations.

Preferred Distribution Amount means, in any particular month, 1/12th of $0.25 with respect to each Preferred Share;

Preferred Distribution Amount means, for any quarter or other period with respect to which a Company Share dividend is paid and a distribution is required to be made pursuant to Section 5.02(a)(1), an amount equal to such amount that if it were the sole amount distributed on a Preferred Unit pursuant to Section 5.02(a)(1) for such quarter or other period would provide the Preferred Unitholder with a distribution on such Preferred Unit equal to 103% of the corresponding Company Share dividend to be paid for such quarter or other period. Notwithstanding the foregoing, the aggregate Preferred Distribution Amount with respect to any Preferred Unitholder shall not exceed the Preferred Unitholder's Capital Account balance (after reducing such balance to reflect the items described in Regulations section 1.704-1(b)(ii)(2)(d)(4), (5) and (6) and after increasing such Capital Account balance to reflect such Preferred Unitholder's shares of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain), determined as of the date of the relevant distribution.

Examples of Preferred Distribution Amount in a sentence

• The ACS Member will receive from the Aggregate Purchase Price an amount equal to the sum of the Unpaid ACS Preferred Distribution Amount, if any, and a percentage of its Member’s Assumed Share equal to the percentage of the ACS Member’s total Ownership Interests that are included in the Tag/Drag Sale to the Third Party Purchaser, and the GCI Member will receive the balance of the Aggregate Purchase Price.

• Therefore, as used throughout this Agreement, the phrase “the purchase price determined pursuant to Article 11” when used in connection with a Membership Interest shall be equal to the Member’s Unreturned Capital Contribution plus the Member’s Unreturned Preferred Distribution Amount.

• In no event shall a stock split or stock dividend constitute a payment of Yield or a return of Preferred Distribution Amount.

• SCHEDULE 3.2(a)(vi) Approved Leases and Lease Documentation NONE SCHEDULE 5.1 Capital Accounts, Capital Contributions, Membership Units and Series A Preferred Membership Units SCHEDULE 7.1 Calculations of the Preferred Distribution Amount Under the terms of the Series A Convertible Preferred Units ("Preferred Units"), the Preferred Holders are entitled to a distribution equal to the greater of (A) 6% or (B) the distribution to the Preferred Holders assuming a full conversion of the Preferred Units.

• All gasoline stations, garages, self-service vehicle washers, and other public wash racks where vehicles are washed shall install catch basins in conformity with the plumbing code in accordance with a permit obtained from the building official.

More Definitions of Preferred Distribution Amount

Preferred Distribution Amount means, for any calendar quarter, an amount equal to (A) the greater of (i) the Preferred Distribution and (ii) an amount equal to (x) the Preferred Percentage times (y) the excess of Cumulative Distribution Amount over all distributions made pursuant to Section 7.1(b)(ii)(A) of this Agreement in the current calendar year, less (B) all distributions theretofore made pursuant to Section 7.1(b)(ii)(B) of this Agreement with respect to the then current calendar year. For illustrative purposes, an example of the manner in which the Preferred Distribution Amount is calculated under various hypothetical assumptions is set forth in Schedule 7.1.

Preferred Distribution Amount means the sum of (a) $1000 per Preferred Unit (the "Per Unit Preferred Capital Contribution"), plus (b) dividends on the unpaid Per Unit Preferred Capital Contribution from the date made as set forth on Schedule A hereto at the rate of 22.5% per annum, increasing by 2.5% every six months, up to a maximum rate of 35% (the "Priority Return").

Preferred Distribution Amount means, for any calendar quarter, an amount equal to (A) the greater of (i) the Preferred Distribution and (ii) an amount equal to (x) the Preferred Percentage times (y) the Cumulative Distribution Amount less all distributions made pursuant to Section 7.1(a-2)(i)(A) of this Agreement or Section 7.1(a-2)(i)(A) of the WWP Agreement with respect to the then current calendar year, less (B) all distributions theretofore made pursuant to Section 7.1(a-2)(i)(B) of this Agreement or Section 7.1(a-2)(i)(B) of the WWP Agreement with respect to the then current calendar year.

Preferred Distribution Amount means, with respect to any Quarter ending on or after March 31, 2020, an amount per Preferred Unit equal to the Preferred Liquidation Preference, multiplied by the Preferred Distribution Rate per annum (calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed) for such Quarter; provided, however, for purposes of determining the Preferred Distribution Amount for the Quarter ending March 31, 2020, such Quarter shall be deemed to commence on the date hereof and end on, and include, March 31, 2020 but calculated on the basis of a 366-day year as set forth above.

Preferred Distribution Amount means $10,334,000 less the aggregate Distributions made by the Corporation that constitute Distributions of the Preferred Distribution Amount.

Preferred Distribution Amount. With respect to each Partner other than BPOW, the amount that would have been distributed to such Partner on each occasion in which BPOW elects to receive an Additional Mandatory Distribution had such Partner been entitled to make and did make the same (in terms of percentage of Net Income) election to receive an Additional Mandatory Distribution, but without regard to the limitation of the then Cash Available for Distribution.

Preferred Distribution Amount means, for any quarter or other period with respect to which a REIT Share dividend is paid and a distribution is required to be made pursuant to Section 5.02(a)(1), an amount equal to the sum of the following: (i) such amount that if it were the sole amount distributed on a Preferred Unit pursuant to Section 5.02(a)(1) for such quarter or other period would provide the Preferred Unitholder with a distribution on such Preferred Unit equal to 103% of the corresponding REIT Share dividend to be paid for such quarter or other period plus (ii) the UBTI Adjuster, if any, required to be paid during such quarter or other period pursuant to Section 5.08(b). Notwithstanding the foregoing, the aggregate Preferred Distribution Amount with respect to any Preferred Unitholder shall not exceed the Preferred Unitholder's Capital Account balance (after reducing such balance to reflect the items described in Regulations section 1.704- 1(b)(ii)(2)(d)(4), (5) and (6) and after increasing such Capital Account balance to reflect such Preferred Unitholder's shares of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain), determined as of the date of the relevant distribution.