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

Examples of Preferred Distribution Amount in a sentence

• 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.

• 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.

• The Legal Department will designate certain employees who, based on their level of responsibility or the nature of their work, will be required to certify periodically that they have read, understand and complied with the Code of Conduct.

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

• No Net Profits shall be allocated to a Non-managing Member with respect to a distribution of a Preferred Distribution Amount for a Fiscal Year unless such Member has actually received such Distribution in the same Fiscal Year, or within ninety (90) days following the end of such Fiscal Year.

More Definitions of Preferred Distribution Amount

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.

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, in any particular month, 1/12th of $0.25 with respect to each Preferred Share.

Preferred Distribution Amount has the meaning set forth in the LLC Agreement.

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.

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. 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.