Special Distribution Amount definition

Special Distribution Amount means an amount in cash equal to eighty percent (80%) of the Estimated Aggregate Consideration Value.

Special Distribution Amount means an amount in cash equal to the result of (i) eighty percent (80%) of the Estimated Aggregate Consideration Value decreased by (ii) ten percent (10%) of the Barceloneta Estimated Aggregate Consideration Value (or, if finally determined prior to Closing pursuant to Section 2.3(b) of the Barceloneta Contribution Agreement, the Barceloneta Final Aggregate Consideration Value).

Special Distribution Amount. With respect to any Regular Certificate on which a special distribution is to be made on a Special Distribution Date pursuant to Section 6.01 hereof, an amount equal to 100% of the portion of the Current Principal Amount of such Certificate to be retired by such special distribution, together with interest on such amount at the applicable Certificate Interest Rate from the end of the immediately preceding Interest Accrual Period (or from the Accrual Date if no Interest Distribution Date has yet occurred) to [the ___day of the month prior to the month of] such Special Distribution Date.

Examples of Special Distribution Amount in a sentence

• The adjusted distribution coverage ratio represents distribution coverage excluding the effects of the Special Distribution Amount.

• Distribution to Unitholders of a Special Distribution Amount will be made no later than 15 days after the Special Distribution Amount record date.

• The twelve months ended December 31, 2021 include the Special Distribution Amount of $0.575 per unit, or a total of $585 million to GP and LP unitholders and $18 million to Series A preferred unitholders.

• The aggregate proceeds contemplated by the Parent Revolving Credit Facility will be sufficient to provide funds in an amount necessary to satisfy all of Parent OP’s and Parent Sub’s obligations under this Agreement and the Contemplated Transactions, including payment of the Special Distribution Amount.

• The twelve months ended December 31, 2021, reflects an $18 million increase to DCF attributable to GP and LP unitholders to exclude the Special Distribution Amount allocable to the Series A preferred unitholders and a $585 million decrease to distributions to exclude the Special Distribution Amount attributable to GP and LP unitholders.

More Definitions of Special Distribution Amount

Special Distribution Amount has the meaning set forth in the Formation Agreement.

Special Distribution Amount has the meaning set forth in Section 5.1.G.

Special Distribution Amount. The amount determined under Section 7.07(d).

Special Distribution Amount has the meaning set forth in Section 6.24.

Special Distribution Amount has the meaning specified in Section 7.06(h).

Special Distribution Amount means a cash amount in dollars equal to the product of 0.55 multiplied by the sum of all Reference Amounts determined pursuant to Section 3.C.(i) in respect of each Distribution Period which ended after June 25, 2015 and prior to the Determination Date (together with such pro rata portion of the Reference Amount as corresponds to the number of days that have elapsed in the then current Distribution Period in which the Determination Date occurs on the basis of a 360-day year consisting of twelve 30-day months). For the avoidance of doubt, the calculation of the “Special Distribution Amount” shall include each Distribution Period which ended after the issuance of the Series O Preferred Unit in order to account for quarterly cash distributions in respect of Class A Units during the periods covered by the Series O Amendment.

Special Distribution Amount means the Base Special Distribution Amount (a) minus the amount, if any, of the Estimated Closing Debt, (b) minus the amount, if any, by which the Target Working Capital exceeds the Estimated Closing Working Capital or (c) plus the amount, if any, by which the Estimated Closing Working Capital exceeds the Target Working Capital (but in no event shall the amount in this clause (c) exceed the Estimated Closing Debt).