Priority Distribution definition
Priority Distribution means a hypothetical amount determined solely for purposes of the alternative fee schedule calculation to determine the Asset Management Fee Limit under the provisions of Section 8.3 of this Agreement. Such amount will equal, for any calendar year or other period with respect to the Units held by any Person, the average Adjusted Invested Capital with respect to such Units during such period multiplied by 10% per annum (calculated on a cumulative basis, compounded daily, from the last day of the calendar quarter in which the capital contribution of the initial purchaser of such Units was received by the Fund and pro rated for any fraction of a calendar year for which such calculation is made).
Priority Distribution means, with respect to any Member for any period commencing on or after the Effective Date, an amount equal to the product of (i) LIBOR plus 200 basis points per annum (the “Priority Rate”) and (ii) the sum of the average daily Preference Amount of each Member for such period and the amount of any unpaid Priority Distributions of such Member on the first day of such period.
Priority Distribution has the meaning specified in Section 5.2.
Examples of Priority Distribution in a sentence
Section 7.1(h) is hereby amended by inserting the words " and Series F Priority Return and" before the words "Priority Distribution Amount" therein.
Section 7.1 (h) is hereby amended by inserting the words "Series A Priority Return, Series D Priority Return and" before the words "Priority Distribution Amount" therein.
The Developer Fee shall be subordinate in all respects to the payment of the Minimum Priority Distribution.
If the stated amount of such Calpine LC is reinstated within five (5) Business Days after the date of payment of such Demand Amount, then (a) the amount paid shall be deemed a distribution to Acadia Holdings and shall be treated as a Priority Distribution hereunder and (b) the Accumulated Priority Amount and the Priority Amount otherwise owed to Acadia Holdings shall be reduced accordingly by the amount of the Demand Amount.
SSMRC hereby agrees to make the Priority Distribution Payments to Dowa from dividends and distributions received from LGJV.
More Definitions of Priority Distribution
Priority Distribution the amounts set forth on Schedule 1 to the Partnership Agreement, Schedule 4 to the Participation Agreement and Schedule 2 to the Trust Agreement, which under any circumstances and in any event, will be an amount at least sufficient to pay in full as of the date of payment thereof, the principal amount of and interest on the Notes due on such date.
Priority Distribution the amounts to be paid (but not allocated) in accordance with Schedule 1 to the Partnership Agreement, Schedule 4 to the Participation Agreement and Schedule 2 to the Trust Agreement, which under any circumstances and in any event, will be an amount at least sufficient to pay in full as of the date of payment thereof, the principal amount of and interest on the Notes due on such date, including, without limitation, interest on the Notes at the New Debt Rate from and after the ET Date.
Priority Distribution for any calendar year or other period shall mean, with respect to the Units held by any Person, the average Adjusted Invested Capital with respect to such Units during such period multiplied by 10% per annum (calculated on a cumulative basis, compounded daily, from the last day of the calendar quarter in which the capital contribution of the initial purchaser of such Units was received by the Fund and pro rated for any fraction of a calendar year for which such calculation is made).
Priority Distribution means the amount, if any, by which Starting Equity exceeds $6 million.
Priority Distribution. As defined in Section 8.1(a)(v). ---------------------
Priority Distribution means the distribution of the Priority Return to the Enterprise Member pursuant to Section 8.2(b) hereof.
Priority Distribution means (a) with respect to the Limited Partner as of any particular time (the "Limited Partner's Priority Distribution"), an amount equal to 8 1/2% per annum, cumulative but not compounded, of the weighted average daily amount of such Partner's Adjusted Capital Contribution from the Closing Date through and including such time; and (b) with respect to the General Partner as of any particular time (the "General Partner's Priority Distribution"), an amount equal to 8 1/2% per annum, cumulative but not compounded, of the weighted average daily amount of the General Partner's Adjusted Capital Contribution from the beginning of the calendar year (and not from the Closing Date) with respect to which such distribution is determined through and including such time, which distributions (both the Limited Partner's Priority Distribution and the General Partner's Priority Distribution) are, to the extent provided in this Agreement, made monthly in arrears and computed on the basis of a 360-day year of twelve 30-day months.