Distributed Amount definition
Examples of Distributed Amount in a sentence
The Report Transmission Method the Licensee has selected is will be and the Distributed Amount will be $ .
All costs associated with the notice and administration of the settlement other than those advanced by NNI pursuant to Paragraph 3(e) above, as identified by the Claims Administrator (the “Total Administration Costs”), shall be deducted first from the Distributed Amount.
AInclusion Year@ means a taxable year (other than the Dissolution Year) in which the Distributed Amount or any portion thereof is required to be included in income by LJM2 for federal income tax purposes.
Upon request of the Agent, the Borrower shall furnish the Agent, with copies for each Lender, at reasonable intervals (but not more than once per calendar year), a certificate of an Authorized Officer (and, if requested by the Agent, any insurance broker of the Borrower) setting forth the nature and extent of all insurance maintained by the Borrower and its Subsidiaries in accordance with this Section 5.02(g) (and which, in the case of a certificate of a broker, was placed through such broker).
After deduction of the Total Administration Costs, the Incentive Award shall be deducted from the Distributed Amount.
The Parties have agreed that, subject to the approval of the New Jersey Bankruptcy Court and the Delaware Bankruptcy Court, an Incentive Award of $10,000 from the Distributed Amount shall be paid to Plaintiff, the putative class representative, in recognition of its services to the Class.
Prior to the Closing and effective on the Closing Date, the Company shall distribute to Stockholder the right to receive the Distributed Amount (as defined below).
For individual settlement allocations, fifty percent (50%) of the Distributed Amount shall be reported by the Claims Administrator as wages to the appropriate taxing authorities on a Form W-2 issued to the Settlement Class Member with his or her taxpayer identification number, and shall be subject to deductions for applicable taxes and withholdings as required by federal, state, and local law.
If the Final Target Amount is greater than or equal to the Class B Distributed Amount, then the difference between the Final Target Amount and the Class B Distributed Amount shall be distributed to the Class B Members in accordance with their relative Percentage Interests, and the balance of the Holdback Account shall be distributed to the Class A Members in accordance with their relative Percentage Interests.
BPI shall hold all right, title and interest in the Distributed Amount from and after the date hereof.