Target Distribution definition

Target Distribution means each of the Minimum Quarterly Distribution, the First Target Distribution, Second Target Distribution and Third Target Distribution.
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Target Distribution means, with respect to each Quarterly Period during the Subordination Period, the amount shown under the heading “Target Distribution” for such Quarterly Period on Schedule 2.
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Target Distribution means an amount equal to the Minimum Quarterly Distribution multiplied by 1.5.
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Examples of Target Distribution in a sentence

  • After reducing the Target Distribution in accordance with this Section 3.16, the Subordination Threshold shall be adjusted to 80% of the reduced Target Distribution and the Incentive Threshold shall be adjusted to 120% of the reduced 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 and Target Distribution, shall be reduced in the same proportion that the distribution had to the fair market value of the Units immediately prior to the announcement of the 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.

  • For each Quarter in which the Managing Member elects, pursuant to this Section 4.6, to reduce the Target Distributions, the adjusted Target Distribution Amount shall be the amount obtained by multiplying (a) the Target Distribution amount determined prior to the application of this Section 4.6 times (b) the quotient obtained by dividing (i) CAFD with respect to such Quarter by (ii) the sum of CAFD plus the Estimated Incremental Quarterly Tax Amount for such Quarter (as determined by the Managing Member).

  • After reducing the Target Distribution in accordance with this Section 3.17, the Subordination Threshold shall be adjusted to 80% of the reduced Target Distribution and the Incentive Threshold shall be adjusted to 120% of the reduced Target Distribution.


More Definitions of Target Distribution

Target Distribution means, collectively, the First Target Distribution and Second Target Distribution.
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Target Distribution is defined in the Tax Receivable Agreement.
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Target Distribution means target distributions with respect to Class A Shares of $0.3625 per share per quarter.
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Target Distribution. ’ means each of the Minimum Quarterly Distribution, the First Target Distribution, Second Target Distribution and Third Target Distribution.
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Target Distribution means the First Target Distribution, the Second Target Distribution, the Third Target Distribution, the Fourth Target Distribution, the Fifth Target Distribution, the Sixth Target Distribution or the Seventh Target Distribution, as the case may be.
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Target Distribution means, collectively, the First Target Distribution, Second Target Distribution and Third Target Distribution. “Third Liquidation Target Amount” has the meaning assigned to such term in Section 6.1(c)(i)(F).
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Target Distribution means an amount equal to $0.175 per Common Unit and GP Unit per Quarter (or with respect to periods of less than a full fiscal quarter, it means the product of $0.175 multiplied by a fraction, the numerator of which is the number of days in such period and the denominator of which is the total number of days in such fiscal quarter), subject to adjustment in accordance with this Agreement.
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