Common use of Qualified Distribution Clause in Contracts

Qualified Distribution. The term qualified distribution means a distribu- tion of money by an ETSC during the ETSC period to which, absent the ap- plication of section 1371(f) and this sec- tion, section 301 would apply. However, if paragraph (d)(2)(i) of this section ap- plies to the ETSC, then a qualified dis- tribution to a non-legacy shareholder is treated as a non-qualified distribu- tion.

Appears in 2 contracts

Sources: Supplemental Contract, Publishing Agreement