Shareholder Distributions definition
Examples of Shareholder Distributions in a sentence
In accordance with the time periods prescribed by applicable Law and as may be determined by the applicable Tax authorities, the Company shall (A) file the appropriate Tax Returns and make the other appropriate filings with respect to the sale of the Purchased Assets, the Shareholder Distributions and Surtax Liability and the Withholding Obligations, as approved by the Purchaser, and (B) pay all Taxes and other amounts shown to be due thereon.
Loan in accordance with Section 3.07 of the OPIC Finance Agreement and transfers to the Russian Bank Accounts for the purpose of making Shareholder Distributions to the extent permitted by Section 6.01.
The Estimated Closing Net Working Capital shall, without limitation, specify the amount of any Pre-Closing Shareholder Distributions.
For as long as Xfone controls Story, Shareholder Distributions shall take place after each accounting year in which Story reported profits, it shall be made on a pro rata basis to all Shareholders, shall be made in compliance with all applicable legal requirements; and must be approved by unanimous vote of the Board of Directors of Story, such approval shall not be unreasonably withheld.
For the avoidance of doubt, payments of interest, fees and expenses required to be paid under credit facilities to which GEO is a party are not Shareholder Distributions.