Shareholder Distributions means any distributions of money or other property by the General Partner to Shareholders, including distributions that may constitute a return of capital for U.S. federal income tax purposes, with the exception of distributions paid on shares of Common Stock repurchased or redeemed by the General Partner.
Shareholder Distributions shall have the meaning ascribed to such term in Section 6.20(b) hereof.
Shareholder Distributions means all payments, dividends or distributions made by the Borrower or any Subsidiary to any holder (other than to the Borrower or any Guarantor) of the Capital Stock of the Borrower or such Subsidiary.
Examples of Shareholder Distributions in a sentence
Until the Lender provides written notice of an Event of Default that has occurred and is continuing, the Borrower may use, commingle and dispose of any part of the Collateral in the ordinary course of its business (including making Shareholder Distributions), all subject to the Loan Agreement.
The Borrower may not make Shareholder Distributions at a time when an Event of Default has then occurred and is continuing or would result therefrom.
More Definitions of Shareholder Distributions
Shareholder Distributions all distributions of cash or property made by Story to Shareholders, except for payments that are in satisfaction of indebtedness or are in payment for goods or services pursuant to a contractual arrangement. "Threatened"--a claim, Proceeding, dispute, action, or other matter will be deemed to have been "Threatened" if any demand or statement has been made (orally or in writing) or any notice has been given (orally or in writing), or if any other event has occurred or any other circumstances exist, that would lead a prudent Person to conclude that such a claim, Proceeding, dispute, action, or other matter is likely to be asserted, commenced, taken, or otherwise pursued in the future. ARTICLE 2
Shareholder Distributions and shall read as follows:
Shareholder Distributions has the meaning ascribed to it in Clause 15.1.
Shareholder Distributions means any Distributions made by the Issuer to or for the benefitof its shareholders;
Shareholder Distributions means any funds paid by Xxxx Xxxxx to its shareholders, including, but not limited to, equity distributions in cash or specie, loan interest and capital repayments; and
Shareholder Distributions means the collective reference to one or more repurchases of Capital Stock of Holdings held by all or any portion of the existing equity holders of Holdings in accordance with Section 9.6(e).
Shareholder Distributions means, as to any shareholder of the Borrower or an Affiliate of such shareholder, the making by the Borrower of any distribution, loan or advance to, or investment in, such Borrower or an Affiliate of such member other than (a) advances, drawing accounts and similar expenditures and salaries and bonuses paid in the ordinary course of business, (b) sales of goods in the ordinary course of business, and (c)