Required Distribution Amount definition

Required Distribution Amount means an amount, as reflected in the Annual Distribution Policy, equal to the aggregate cash (or cash per Common Unit) to be distributed to the Members in respect of their Common Units for such Company Fiscal Year, as such amount may be increased or decreased from time in accordance with the Annual Distribution Policy, but shall in no event equal less than the Estimated Minimum Distribution Amount (as determined from time to time). Notwithstanding the foregoing, the Required Distribution Amount shall be equal to at least the Initial Mandatory Minimum per Common Unit in each of 2020, 2021 and 2022 Company Fiscal Years, subject to Section 5.2(a) and pro rata adjustment for partial years. For example and without limiting the foregoing, (i) if the Effective Date occurs in 2020, the Initial Mandatory Minimum per Common Unit shall be reduced pro rata based on the portion of 2020 that occurs prior to the Effective Date and (ii) if a Common Unit is exchanged during the 2022 Company Fiscal Year, the Initial Mandatory Minimum per Common Unit for such Common Unit shall be reduced pro rata based on the portion of 2022 that occurs after the Exchange Date.

Required Distribution Amount means an amount, as set forth in the Annual Budget, equal to the aggregate cash (or cash per Unit of Partnership Interest) to be distributed to the Partners for such Partnership Fiscal Year, as such amount may be increased or decreased from time to time by the Managing General Partner, in consultation with the Manager, but in no event less than the Estimated Minimum Distribution Amount.

Required Distribution Amount. As of any Distribution Date, the sum of the Interest Distribution Amount, the Regular Principal Distribution Amount, the Noteholders' Principal Carry-Forward Amount and Certificateholders' Principal Carry-Forward Amount, in each case, for such Distribution Date.

Examples of Required Distribution Amount in a sentence

• For purposes of calculating the Required Distribution Amount for the Redemption Date, amounts transferred to the Note Distribution Account pursuant to the immediately preceding sentence on the Determination Date immediately preceding such final Distribution Date shall in all cases be deemed to have been received during the related Due Period, and such transfer shall be made pursuant to Section 5.01(c) of the Sale and Servicing Agreement.

• For purposes of calculating the Required Distribution Amount for the Final Distribution Date, amounts transferred to the Note Distribution Account immediately preceding such final Distribution Date shall in all cases be deemed to have been received during the related Due Period, and amounts so transferred shall be applied pursuant to Section 5.01(c).

• Withdrawals under the Minimum Required Distribution Amount Option will not be available until after December 31 of the calendar year in which your Contract was issued.

• The amount of the Company Year-End Distribution shall be the Required Distribution Amount and the amount of the Partnership Year-End Distribution shall be the amount required to permit the Company to receive and distribute such Company Year-End Distribution.

• Your systematic withdrawal program will pay the higher of the Guaranteed Withdrawal Benefit Amount and the Minimum Required Distribution Amount only after December 31 of the calendar year in which your contract was issued—prior to that time only the Guaranteed Withdrawal Benefit Amount is available.

More Definitions of Required Distribution Amount

Required Distribution Amount means an amount, as set forth in the Annual Budget, equal to the aggregate cash to be distributed to the Partners for such Partnership Fiscal Year, as such amount may be increased or decreased from time to time by the Partnership Committee, in consultation with the Manager, but in no event less than the Estimated Minimum Distribution Amount.

Required Distribution Amount means an amount corresponding to the funds deposited in the Excess Funding Account which represent Principal Collections or Non-Principal Collections (excluding, in the case of Non-Principal Collections, periodic interest paid through the date of disposition) received in connection with a Required Distribution Event (and not otherwise required to be allocated and distributed to any Series of Investor Interests in accordance with the Agreement and any Series Supplement), which amount includes such Collections that would, in the absence of the distribution described herein, otherwise be available to be paid to the Residual Interestholder pursuant to Section 4.3 or Section 4.4 of the Agreement.

Required Distribution Amount means, for any Calculation Period, the aggregate Onshore Distributions required to be made to an Offshore Group Member HK pursuant to paragraph (a) of Clause 23.44 (Required Distribution Amount) for that Calculation Period but, in respect of any payment of principal, only to the extent of any cash balance standing to the credit of the Onshore VLN Account).

Required Distribution Amount means, for each Dividend Period, the lesser of (i) the maximum cash amount permitted to be paid by Holdco to the Company under the Holdco Debt without resulting in a default or event of default under the Financing Documentation, and (ii) the amount required to pay the Company’s ordinary course expenses for such Dividend Period plus the required Minimum Cash Dividend for such Dividend Period.

Required Distribution Amount shall be deleted and there shall be added a definition of "Partnership Tax Amount" which shall have the meaning set forth in Section 5.2(a)(i)(A).

Required Distribution Amount shall have the meaning set forth in Section 5.2(a)(i).

Required Distribution Amount means, as of any date of determination prior to a Liquidation, the amount that would be required to pay the Interest Accrual Amount in full on the related Master Servicer Remittance Date (calculated taking into account any Appraisal Reduction Amount that would reduce the amount of any Interest Advance on that Master Servicer Remittance Date if an Interest Advance was being made as described in Section 3.26(a) of the Servicing Agreement).