Target Distribution definition

Target Distribution means, collectively, the First Target Distribution, Second Target Distribution and Third Target Distribution.

Target Distribution means each of the Minimum Quarterly Distribution, the First Target Distribution, Second Target Distribution and Third Target Distribution.

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.

Examples of Target Distribution in a sentence

• 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.

• 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.

• 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).

• First Target Distribution and Second Target Distribution shall also be subject to adjustment pursuant to Section 6.8.

• We may, at our option, make further distributions to the unitholders although we currently have no plan to make any distributions in excess of the Target Distribution.

More Definitions of Target Distribution

Target Distribution means an amount equal to the Minimum Quarterly Distribution multiplied by 1.5.

Target Distribution is defined in the Tax Receivable Agreement.

Target Distribution means target distributions with respect to Class A Shares of $0.3625 per share per quarter.

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).

Target Distribution means each of the Minimum Quarterly Distribution, the First Target Distribution and the Second Target Distribution.

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.

Target Distribution means aggregate annual distributions based on 75% of annual EBITDA for the previous completed fiscal year after deducting cash paid for taxes and bank interest expense and with appropriate cash reserves for immediate working capital needs and known liabilities, in each case in the reasonable judgment of the Board.