Quarterly Distribution Amount means, subject to Section 5.01(c), (i) with respect to each of the first, second and third quarters of any fiscal year, an amount of cash estimated in good faith by the Managing General Partner to be equal to 50.00% of Price LP's share of any Profit for such fiscal quarter which would be allocated to Price LP's Capital Account pursuant to Sections 4.01(b) and 4.03 if such allocation were made on a quarterly basis, and (ii) with respect to the fourth quarter of any fiscal year, an amount of cash equal to (A) if the Price Profit Allocation for such fiscal year is less than the Threshold Profit Allocation for such fiscal year, an amount of cash equal to (x) the Price Profit Allocation minus (y) the sum of the Quarterly Distribution Amounts for the first, second and third quarters of such fiscal year, or (B) if the Price Profit Allocation for such fiscal year is greater than or equal to the Threshold Profit Allocation for such fiscal year, an amount of cash equal to (x) the Threshold Profit Allocation minus (y) the sum of the Quarterly Distribution Amounts for the first, second and third quarters of such fiscal year."
Quarterly Distribution Amount has the meaning set forth in Section 4.1(b).
Quarterly Distribution Amount has the meaning given to such term in the Partnership Agreement.
Examples of Quarterly Distribution Amount in a sentence
The Trustee will distribute the Quarterly Distribution Amount for each quarter on or prior to 70 days after the end of such calendar quarter to each person who was a Unitholder of record on the record date for such calendar quarter.The Royalty Interests may be sold under certain circumstances and will be sold following termination of the Trust.
The Quarterly Distribution Amount for each quarter will be payable to Unitholders of record on the 60th day following the end of such calendar quarter unless such day is not a business day in which case the record date is the next business day thereafter.
Our general partner did not make an equity contribution associated with these equity issuances and, as a result, cash distributions paid after January 24, 2008 will be made as follows:Percentage of DistributionsGeneral Partner Quarterly Distribution Amount per Unit Limited PartnersGeneral Partner InterestIncentive Distribution Rights Up to $0.289 .
A slightly more complicated equation holds when c is a pub- lic, rather than private, channel.
As a result, cash distributions paid after January 26, 2007, will be made as follows:Percentage of DistributionsGeneral Partner Quarterly Distribution Amount per Unit Limited PartnersGeneral Partner InterestIncentive Distribution Rights Up to $0.289 .
More Definitions of Quarterly Distribution Amount
Quarterly Distribution Amount as of any date, shall be equal to (i) the Distribution Rate then in effect, multiplied by (ii) $25, and divided by (iii) four. Holders of Preferred Units will be entitled to receive, when and as declared by the General Partner, quarterly cash distributions in an amount per Preferred Unit equal to the Quarterly Distribution Amount in effect as of the date such distribution is declared by the General Partner, and no more. On each Reset Date, the Distribution Rate thereafter in effect shall be adjusted by the General Partner to equal the lesser of (i) the Distribution Rate in effect immediately prior to such Reset Date or (ii) the Dividend Yield of the class of Qualifying Preferred Stock most recently issued by the Previous General Partner or, if there is no class of Qualifying Preferred Stock of the Previous General Partner outstanding as of any Reset Date, the Weighted Average of Preferred Stock Dividend Yields, calculated as of the end of the calendar quarter immediately preceding such Reset Date; provided, further, that if for any reason there are no classes of Qualifying Preferred Stock of the type described in the definition of "Weighted Average of Preferred Stock Dividend Yields" outstanding on any Reset Date and the reference to the Weighted Average of Preferred Stock Dividend Yields would otherwise be determinative of the calculation of the adjusted Distribution Rate on such Reset Date, the adjusted Distribution Rate for the succeeding five (5) year period shall be the Distribution Rate in effect immediately prior to such Reset Date. Upon any such adjustment of the Distribution Rate, the General Partner shall send a notice describing such adjustment to the holders of the Preferred Units at their respective addresses, as set forth on Exhibit A to the Agreement.
Quarterly Distribution Amount means for each Quarter an amount determined by the Trustee (pursuant to Section 5.2 hereof) to be equal to the excess, if any, of (a) the cash received by the Trustee during the Quarter attributable to the Royalties, plus any cash available for distribution as a result of the reduction or elimination during the Quarter of any existing cash reserve created pursuant to Section 3.8 hereof to provide for the payment of liabilities of the Trust, plus any other cash receipts of the Trust during the Quarter including without limitation any cash received from interest earned pursuant to Section 3.4 or pursuant to sales of the interests in the Royalty or other assets of the Trust, other than interest earned on deposits of the Quarterly Distribution Amount for any prior Quarter pending distribution of such amount, over (b) the liabilities of the Trust paid during the Quarter, plus the amount of any cash used pursuant to Section 3.8 hereof in the Quarter to establish or increase a cash reserve for the payment of any accrued, future or contingent liabilities of the Trust. If the Quarterly Distribution Amount determined in accordance with the preceding sentence shall for any Quarter be a negative amount, then the Quarterly Distribution Amount shall be zero, and such negative amount shall reduce the next Quarterly Distribution Amount.
Quarterly Distribution Amount means, for each Fiscal Quarter, W&T LLC's EBITDA minus W&T LLC's capital expenditures for such Fiscal Quarter. In addition to the foregoing Borrower may declare and pay to any Persons dividends payable only in its common stock.
Quarterly Distribution Amount means for each Quarterly Period an amount determined by Senior Management to be equal to the excess, if any, of (a) the cash received during the Monthly Computation Period attributable to the carried interest holder, plus any other cash receipts of the Company during the Monthly Period including any cash received from interest earned on deposits of the Monthly Distribution Amount for any prior Monthly Period pending distribution of such amount, over (b) the liabilities of the Trust paid during the Monthly Period, plus the amount of any cash used to establish or increase a cash reserve for the payment of any accrued tax attributed to the carried interest holder. If any Monthly Distribution Amount determined in accordance this the Net Profits interest calculation shall for any Monthly Period be a negative amount, then the Monthly Distribution Amount shall be zero, and such negative amount shall reduce the next Monthly Distribution Amount. As ratified by --------------------------- ------------------------- Name (Goldvision) Name (SCP) --------------------------- ------------------------- Signature (Goldvision) Signature (SCP) --------------------------- ------------------------- Seal (Goldvision) Seal (SCP) --------------------------- ------------------------- Date Date Sales, Marketing, and Operations Agreement -------------------------------------------------------------------------------- EXCLUDED PRODUCTS AND SERVICES (FOR PROFIT SHARING) NONE AT TIME OF THE SIGNING OF THIS CONTRACT.
Quarterly Distribution Amount means for each Quarter an amount determined by the Trustee (pursuant to Section 5.2 hereof) to be equal to the excess, if any, of (a) the cash received by the Trustee during the Quarter attributable to the Royalties, plus any cash available for distribution as a result of the reduction or elimination during the Quarter of any existing cash reserve created pursuant to Section 3.8 hereof to provide for the payment of liabilities of the Trust, plus any other cash receipts of the Trust during the Quarter including any cash received from interest earned pursuant to Section 3.4, other than interest earned on deposits of the Quarterly Distribution Amount for any prior Quarter pending distribution of such amount, over (b) the liabilities of the Trust paid during the Quarter, plus the amount of any cash used pursuant to Section 3.8 hereof in the Quarter to establish or increase a cash reserve for the payment of any accrued, future or contingent liabilities of the Trust. If the Quarterly Distribution Amount determined in accordance with the preceding sentence shall for any Quarter be a negative amount, then the Quarterly Distribution Amount shall be zero, and such negative amount shall reduce the next Quarterly Distribution Amount. If the Quarterly Distribution Amount determined in accordance with the second preceding sentence is less than 92% of the amount of cash received by the Trustee during the Quarter attributable to the Royalties and the amount of administrative expenses incurred by the Trustee pursuant to Section 7.2 is greater than 8% of such amount, the Quarterly Distribution Amount will include funds borrowed from Grantor pursuant to the second sentence of Section 7.4.
Quarterly Distribution Amount means, subject to Section 5.01(c), (i) with respect to each of the first, second and third quarters of any fiscal year, an amount of cash estimated in good faith by the Managing General Partner to be equal to 50.00% of Price LP's share of any Profit for such fiscal quarter which would be allocated to Price LP's Capital Account pursuant to Sections 4.01(b) and 4.03 if such allocation were made on a quarterly basis, and (ii) with respect to the fourth quarter of any fiscal year, an amount of cash equal to (A) if the Price Profit Allocation for such fiscal year is less than the Threshold Profit Allocation for such fiscal year, an amount of cash equal to (x) the Price Profit Allocation minus (y) the sum of the Quarterly Distribution Amounts for the first, second and third quarters of such fiscal year, or (B) if the Price Profit Allocation for such fiscal year is greater than or equal to the Threshold Profit Allocation for such fiscal year, an amount of cash equal to (x) the Threshold Profit Allocation minus (y) the sum of the Quarterly Distribution Amounts for the first, second and third quarters of such fiscal year.
Quarterly Distribution Amount means, subject to Section 5.01(c), (i) with respect to each of the first, second and third quarters of any fiscal year (but not with respect to any quarter, or portion thereof, occurring prior to the second anniversary of the Closing Date), an amount of cash estimated in good faith by the Managing General Partner to be equal to 50.00% of Price LP's share of any Profit for such fiscal quarter which would be allocated to Price LP's Capital Account pursuant to Sections 4.01(b) and 4.03 if such allocation were made on a quarterly basis, and (ii) with respect to the fourth quarter of any fiscal year, an amount of cash equal to (A) if the Price Profit Allocation for such fiscal year is less than the Threshold Profit Allocation for such fiscal year, an amount of cash equal to (x) the Price Profit Allocation minus (y) the sum of the Quarterly Distribution Amounts for the first, second and third quarters of such fiscal year, or (B) if the Price Profit Allocation for such fiscal year is greater than or equal to the Threshold Profit Allocation for such fiscal year, an amount of cash equal to (x) the Threshold Profit Allocation minus (y) the sum of the Quarterly Distribution Amounts for the first, second and third quarters of such fiscal year. For purposes of clause (ii) above, with respect to the fiscal year in which the second anniversary of the Closing Date occurs, the Price Profit Allocation and the Threshold Profit Allocation shall take into account only the portion of such fiscal year which occurs after such anniversary. For purposes of determining the Quarterly Distribution Amount, it shall be assumed that the aggregate amount of Profit allocated to Price LP for the period from the Closing Date to and including the second anniversary of the Closing Date is equal to the cumulative Preferred Return for such period.