Examples of Relevant Distribution in a sentence
The forced conversion referred to in this paragraph shall be effective at the close of business on the Distribution Payment Date for the last Relevant Distribution Period.
The Borrower undertakes with each Creditor Party (only if the circumstances referred to in Clause 8.2(a) shall apply at the relevant time) to ensure that no later than 3 Business Days after a Relevant Distribution Declaration Date, there shall be transferred to the Retention Account out of the aggregate Earnings received in the Earnings Accounts, the repayment instalment falling due under Clause 8.2(a) at that time.
A Distribution will only be paid if:• BOQ in its absolute discretion elects to pay the Distribution on the Relevant Distribution Payment Date; and• no Payment Condition exists on the Relevant Distribution Payment Date.• Distributions are expected to be fully franked.• If Distributions are franked, the value and availability of franking credits to a Holder will depend on that Holder’s particular circumstances and the tax rules that apply at the time of each Distribution.
The amounts listed under sub-clauses (B)(1) and (B)(2) are, together, referred to as the "Funding Relevant Distribution".
Relevant Directors means the directors of the Company at the time of payment of any Relevant Distribution.