Examples of Target Distribution in a sentence
The Target Distribution is only a target and may not be achieved.
Actual distributions will be monitored against the Target Distribution.
In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units prior to the announcement of the distribution.
The Responsible Entity may require that any distribution greater than the Target Distribution be reinvested in accordance with the DRP.
According to the Partnership Agreement, the General Partner receives cash distributions as follows:Distributions of Available Cash are made 98% to limited partners and 2% to the General Partner (giving effect to the 1.01% interest of the General Partner in distributions of Available Cash from AmeriGas OLP to the Partnership) until Available Cash exceeds the Minimum Quarterly Distribution of $0.55 and the First Target Distribution of $0.055 per Common Unit (or a total of $0.605 per Common Unit).