LP Distribution definition

LP Distribution means a distribution of Shares by an Investor to its partners, members, managers or shareholders in accordance with such Investor’s governing documents.

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LP Distribution any in-kind distribution by any Sponsor entity of Sponsor Securities to its limited partners.

LP Distribution has the meaning given in Section 3.1.17.

Examples of LP Distribution in a sentence

Such Sunoco LP Distribution shall be treated as a “debt-financed transfer” under Section 1.707-5(b) of the Treasury Regulations to the extent made out of proceeds of the Supported Debt.
For so long as 144 Coordination is effective, each Investor shall provide reasonable prior notice to the Coordination Committee prior to any LP Distribution.
The record date for the payment of the Final PDC LP Distribution shall be the close of business on the last business day prior to the Effective Time of the Partnership Merger.
In the event that JP is required to declare a Final JP Dividend with respect to the JP Common Stock and/or Price Group Stock, PDC LP shall simultaneously declare a distribution (the "Final PDC LP Distribution") to holders of PDC OP Units in an amount per JP Common OP Unit equal to the Final JP Dividend payable on each share of JP Common Stock.
For so long as 144 Coordination is effective, each holder of Registrable Securities shall provide reasonable prior notice to the Principal Investor Groups prior to any distribution by a holder of Registrable Securities to its partners, members, managers or shareholders in accordance with such holder’s governing documents (a “LP Distribution”); provided, however, that any distribution by Freescale Holdings of Registrable Securities shall not be considered a LP Distribution for purposes of this Agreement.

More Definitions of LP Distribution

LP Distribution means a distribution of shares of Common Stock by the H&F Stockholders to their limited partner investors, with the value of such shares of Common Stock being deemed to equal their average closing prices, as reported by The Wall Street Journal, for the 10 trading days before and 10 trading days after, the date of the LP Distribution or otherwise at fair market value.

LP Distribution means a distribution (other than a Charitable Distribution), however structured (including through dissolution), by any Institutional Holder of Equity Securities of PubCo to such Institutional Holder’s limited partners, members or equityholders (as applicable).

LP Distribution means a distribution of unrestricted freely tradeable Shares by MM or Cerberus to its partners, members, managers or shareholders in accordance with Cerberus’s or MM’s governing documents, as applicable.

LP Distribution any in-kind distribution by any member of the Apax Group of Common Stock to its limited partners.

LP Distribution means a direct or indirect distribution by the Investor to its direct or indirect limited partners or shareholders, other than any such distribution which constitutes an Excluded Transfer; “Management Representative” means any person appointed by the Managers holding a majority of the Shares as management representative from time to time who shall be entitled to remove any such person and to appoint another person in his place. The first Management Representative shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇; “Manager Sell-Down Shares” has the meaning given in Clause 6.7.1; “Managers” means any person that enters into a Deed of Adherence in the capacity of a Manager and a “Manager” means any one of them; “Merger Agreement” has the meaning given in the recitals; “Misconduct” means any of: (a) the committing of any act of misconduct warranting summary termination at common law; (b) any breach by an employee of the obligation of trust and confidence to his employer; (c) the committing of any serious or persistent breach or non-observance or non- performance of any of the terms, conditions or stipulations contained in the individual’s Service Agreement or the rules of any applicable regulatory authority;

LP Distribution means the completion of a distribution by a Sponsor to its limited partners of dividends with respect to Buyer Capital Stock, net sales or redemption proceeds on Buyer Capital Stock, or an in-kind distribution of Buyer Capital Stock; provided, however, that if a Sponsor receives dividends or sales or redemption proceeds with respect to Buyer Capital Stock and does not distribute such dividends or other proceeds to its limited partners, the receipt of such amounts by such Sponsor shall be deemed to be a distribution to its limited partners for purposes hereof on the same basis as if such distribution had occurred (it being understood, however, that if the reason for the failure to distribute non-cash proceeds is a contractual or securities law restriction on such distribution, then no distribution of such proceeds shall be deemed to have occurred unless and until it actually occurs or such restrictions no longer apply).

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