Residual Distributions definition
Residual Distributions means the Distributions to Creditors of each Creditor’s Pro Rata Share of the Remaining Amount.
Examples of Residual Distributions in a sentence
When the Adjusted Class B Capital Account Balance of the Class B Member is reduced to zero by virtue of the payment of $3 Million of Class B Residual Distributions, and all Class B Priority Distribution Amounts have been distributed in full, such class of membership and all rights related thereto shall terminate.