Distribution Right. A distribution right is the right to receive distribu- tions with respect to an equity inter- est. A distribution right does not in- clude— (i) Any right to receive distributions with respect to an interest that is of the same class as, or a class that is subordinate to, the transferred inter- est; (ii) Any extraordinary payment right; or (iii) Any right described in paragraph (b)(4) of this section.
Appears in 2 contracts
Sources: Property Division Agreement, Property Conversion Agreement