Minimum Distribution definition

Minimum Distribution means an amount equal to two million dollars for the first distribution and after that adjusted annually on a cumulative basis by a percentage equal to the increase in revenues credited to the Education Improvement Act Fund for the most recently completed fiscal year over the revenues credited to that fund in the preceding fiscal year.
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Minimum Distribution. With respect to any Agency Security for any month following the date of determination, the amount of the scheduled Agency Security Distributions on such Agency Security due in such month, determined in accordance with Section 1.02.
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Minimum Distribution. As defined in Section 6.01(a).
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Examples of Minimum Distribution in a sentence

  • For the avoidance of doubt, neither Minimum Distribution Levels nor Performance Targets will include volume requirements.

  • The parties shall perform all of their respective obligations under this Section except that Distributor shall not be obligated to achieve and maintain the Minimum Distribution Levels until the expiration of the six (6) month period immediately following the Commencement Date of this Agreement.

  • Should the parties have failed, for whatsoever reason, to mutually agree upon the Minimum Distribution Levels to be achieved and maintained by Distributor for each of the Products throughout the next Contract Year, the same shall be determined by reference to the process described in Section 13(d) below.

  • If the parties are unable to agree to the Performance Targets or Minimum Distribution Levels for any Contract Year commencing with the 2015 Contract Year and at least *** days prior to the commencement of each such Contract Year, then such disagreement shall be resolved pursuant to the procedure provided in Section 12(a)(i)(D) above.

  • If you are eligible for a Required Minimum Distribution Option, you may convert to that option at any time but payments under the Required Minimum Distribution Option will be reduced by all ESP Program payments and other withdrawals for the year.


More Definitions of Minimum Distribution

Minimum Distribution means $0.4625 per Subordinated Unit per Quarter, subject to proportional adjustment in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10 of the Partnership Agreement.
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Minimum Distribution shall have the meaning specified in Section 5.02(b) hereof.
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Minimum Distribution means the aggregate amount of distributions (including any interim distributions, if such are approved at any point in time during a given accounting year) approved with respect to any given year calculated in accordance with the formula specified in the Distribution Policy.
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Minimum Distribution means the aggregate amount of distributions (including any interim
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Minimum Distribution. With respect to any Certificate on any Special Redemption Determination Date, the amount of the Scheduled Distributions on such Certificate due in the month following the month in which such Special Redemption Determination Date occurs, determined in accordance with Section 1.02.
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Minimum Distribution means, as of the end of any Fiscal Quarter, an amount equal to the excess, if any, of (i) 35% of cumulative net income of the Company as determined for financial accounting purposes from the Effective Date through the end of such Fiscal Quarter, over (ii) cumulative distributions previously made pursuant to Section 4.2.
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Minimum Distribution means the amount to be paid by Technologies to the holders of claims in Class 6, which shall not be less than $500,000.
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