Additional Distribution Amount definition

Additional Distribution Amount. For any Distribution Date, the Available Additional Distribution Amount (as defined in Section 4.05) for such Distribution Date shall be distributed to the Class A and Senior Subordinate Certificates and the Supplemental Interest Trust in the following amounts and priority:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Additional Distribution Amount means, as to each Holder of a Class 4 General Unsecured Claim, an amount of Cash that such Holder is entitled to receive in order to maintain pari passu treatment with the TW Parties as a result of the TW Parties’ agreement to turn over the Turnover Amount or any actual distribution on the Effective Date of Net Available Cash on account of the Series B Beneficial Interests or Series C Beneficial Interests.

Additional Distribution Amount has the meaning set forth in ‎Section 2.05.

Examples of Additional Distribution Amount in a sentence

The Additional Distribution Amount accrued up to any Distribution Payment Date shall be added for the purpose of calculating the Additional Distribution Amount accruing thereafter, to the amount of Arrears of Distribution remaining unpaid on such Distribution Payment Date so that it will itself become Arrears of Distribution.
In this Agreement, any reference to Distribution (including any Arrears of Distribution and Additional Distribution Amount) includes any additional amounts payable in relation thereto under the Conditions.
The Consideration shall be adjusted (a) upward by an amount equal to the applicable Capital Contribution Adjustment Amount and (b) downward by the applicable Additional Distribution Amount.
Each Holder of a Class A, Senior Subordinate or Class C Certificate is deemed to have accepted the terms for the reduction of the amounts otherwise distributable to the Corresponding Class of REMIC III Regular Interests, and the terms for payment of the Additional Distribution Amount pursuant to this paragraph.
Subject to ‎Section 7.04, the Trustee will hold in trust the money or U.S. Government Obligations deposited with it pursuant to ‎Section 7.01 or ‎Section 7.02, and apply the deposited money and the proceeds from deposited U.S. Government Obligations to the payment of principal of and Distribution (including any Arrears of Distribution and any Additional Distribution Amount) on the Securities in accordance with the Securities and this Indenture.

More Definitions of Additional Distribution Amount

Additional Distribution Amount means the Subject Interest Percentage of any cash distributions by SNG attributable to its operations on or after the Effective Time and distributed on or after the Effective Time and prior to Closing. For the avoidance of doubt, the distributions made by SNG on April 30, 2010 with respect to its operations for the first quarter of 2010 are not to be given effect in the calculation of any Additional Distribution Amount.

Additional Distribution Amount means the full pre-tax amount per Share of any Additional Distribution made by the Company in respect of each Share (before any applicable withholding tax);

Additional Distribution Amount means (a) 30% of any cash distributions made by CIG with respect to its operations after the Effective Time and (b) 15% of any cash distributions made by SNG with respect to its operations after the Effective Time, in each such case without giving effect to distributions made pursuant to the Cash Pooling Transactions. For avoidance of doubt the distributions made by each of CIG and SNG on July 30, 2008 with respect to their respective operations for the second quarter of 2008 are not to be given effect in the calculation of any Additional Distribution Amount.

Additional Distribution Amount means, with respect to any General Unsecured Claim, the amount to be distributed in accordance with Section 6.2 of the Plan.

Additional Distribution Amount means 14% of any cash distributions made by CIG and 100% of any cash distributions made by Cheyenne Plains Investment, in each case, attributable to their operations on or after the Effective Time and distributed on or after the Effective Time and prior to Closing. For the avoidance of doubt, (i) distributions attributable to the first quarter of 2012 and made on April 30, 2012 will not be given effect in the calculation of any Additional Distribution Amount and (ii) in the event that Closing occurs on a distribution date (but after the Closing) and El Paso receives either (i) 14% of any distribution made by CIG or (ii) 100% of any distribution made by Cheyenne Plains Investment, such distributions will be given effect in the calculation of any Additional Distribution Amount.

Additional Distribution Amount means 51% of any cash distributions made by ▇▇▇▇ Express or SLNG with respect to their operations after the Effective Time and prior to Closing. For the avoidance of doubt, in the event that Closing occurs on a distribution date (but after the Closing) and El Paso receives 100% of such distribution made by ▇▇▇▇ Express or SLNG, such distribution will be given effect in the calculation of any Additional Distribution Amount. The Parties acknowledge and agree that (i) in March of 2010, ▇▇▇▇ Express and its subsidiary have made accounting entries in their FERC “books” to effectively offset (or eliminate) their current and deferred income tax balances of $17,575,267, (ii) one side of such entries was characterized as a “cash” contribution/distribution, although, due to the “netting” effect of such contribution/distribution, no cash was technically contributed/distributed, (iii) other than a reclassification between retained earnings and paid in capital for $17,575,267, no accounting entry or similar such adjustment was made to the GAAP accounting records of ▇▇▇▇ Express and its subsidiary, and (iv) such contribution/distribution should not constitute an Additional Distribution Amount, and accordingly no adjustment shall be made to the Aggregate Consideration with respect to such contribution/distribution.

Additional Distribution Amount means 15% of any cash distributions made by SNG and 28% of any cash distributions made by CIG, in each case, attributable to their operations on or after the Effective Time and distributed on or after the Effective Time and prior to Closing. For the avoidance of doubt, (i) distributions attributable to the first quarter of 2011 and made on April 29, 2011 will not be given effect in the calculation of any Additional Distribution Amount and (ii) in the event that Closing occurs on a distribution date (but after the Closing) and El Paso receives either (i) 15% of any distribution made by SNG or (ii) 42% of any distribution made by CIG, such distributions will be given effect in the calculation of any Additional Distribution Amount.

Filter & Search

Related Definitions