Distribution Declaration Date definition

Distribution Declaration Date means, in respect of each quarterly period during each Financial Year, a date (being a Business Day) falling no later than 60 days after the end of the relevant preceding financial quarter;
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Distribution Declaration Date means the date on which the Board of Directors of the Company takes action to declare the Distribution and establish the Record Date.
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Distribution Declaration Date has the meaning specified in Section 3.1(4).
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Examples of Distribution Declaration Date in a sentence

  • Such adjustment shall become effective immediately prior to the opening of business on the day following the Distribution Declaration Date.

  • If the full amount of a Class A Dividend is not declared on a BBU Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the “Unpaid Dividends”).

  • The Borrower undertakes with each Creditor Party (only if the circumstances referred to in Clause 8.2(a) shall apply at the relevant time) to ensure that no later than 3 Business Days after a Relevant Distribution Declaration Date, there shall be transferred to the Retention Account out of the aggregate Earnings received in the Earnings Accounts, the repayment instalment falling due under Clause 8.2(a) at that time.

  • If the Company intends to exercise such right to elect to defer one or more interest payments, it shall give written notification thereof to the Trustee and the Holders no later than the Distribution Declaration Date occurring immediately prior to the first Cash Interest Payment Date with respect to which interest is being deferred.

  • The Regular Record Date shall be established by the Company in the Distribution Declaration Notice as aforesaid or in a separate written notice given to the Trustee and the Holders no later than the Distribution Declaration Date immediately preceding the Cash Interest Payment Date in question.

  • At all times from and after the Distribution Declaration Date, each of TRW Automotive and TRW shall use commercially reasonable efforts to make available to the other upon written request, the officers, directors, employees and agents of the members of its Group as witnesses to the extent that such persons may reasonably be required in connection with any Action in which the requesting party may from time to time be involved.

  • Any determination made by the TRW Board prior to the Distribution Declaration Date concerning the satisfaction or waiver of any or all of the conditions set forth in this Section 3.3 shall be conclusive.

  • No checks, electronic debits and other similar charges relating to the TRW Automotive Business or the TRW Automotive Liabilities shall be issued on any TRW Bank Accounts on or after the Distribution Declaration Date.

  • Notwithstanding the foregoing sections, Citizens has the right (the "Company Cash Option") on and after the Distribution Declaration Date but before the Cash Interest Payment Date (as such term is defined in the Indenture) to cause all Holders of Partnership Preferred Securities to receive payment of Distributions in the form of cash by paying interest on the Convertible Debentures in cash.

  • If the full amount of an Equivalent Dividend is not declared on or about a BEP Distribution Declaration Date, or is declared but is not paid on or about the payment date, then such Class A.1 Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned or authorized (such amounts, the “Unpaid Class A.1 Dividends”).


More Definitions of Distribution Declaration Date

Distribution Declaration Date is defined in Section 3.1(4) of the First Supplemental Indenture.
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Distribution Declaration Date has the meaning set forth in Annex C hereto.
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Distribution Declaration Date means the date to be determined by the TRW Board in its sole and absolute discretion when (i) the TRW Board shall formally declare the Distribution and set the Distribution Record Date and the Distribution Date and (ii) the Restructuring shall be completed (and is currently contemplated to occur on the last business day of the fiscal month ending immediately prior to the Distribution).
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Distribution Declaration Date means the date on which any Distribution is declared
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Related to Distribution Declaration Date

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Class C Final Distribution Date means the November 2025 Distribution Date.

  • Class B Final Distribution Date means the September 2030 Distribution Date.

  • Class Final Distribution Date means, as applicable, the Class A-1 Final Distribution Date, the Class A-2a Final Distribution Date, the Class A-2b Final Distribution Date, the Class A-3 Final Distribution Date, the Class A-4 Final Distribution Date, the Class B Final Distribution Date, the Class C Final Distribution Date or the Class D Final Distribution Date, as the context requires.

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.