Priority Distribution Amount definition

Priority Distribution Amount means with respect to an Original Limited Partnership Unit outstanding on a Partnership Record Date (i) the cash dividend per share of Common Stock (including any dividend designated by Regency as capital gain pursuant to Section 857(b)(3)(C) of the Code) declared by Regency on the Partnership Record Date, multiplied by (ii) the Unit Adjustment Factor in effect on such Partnership Record Date.
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Priority Distribution Amount means with respect to an Original Limited Partnership Unit or a Class 2 Unit outstanding on a Partnership Record Date (i) the cash dividend per share of Common Stock (including any dividend designated by Regency as capital gain pursuant to Section 857(b)(3)(C) of the Code) declared by Regency on the Partnership Record Date, multiplied by (ii) the Unit Adjustment Factor in effect on such Partnership Record Date except that on the first Partnership Record Date that occurs with respect to a Class 2 Unit, the General Partner may require that the Priority Distribution Amount be prorated to the extent that the Unit has not been outstanding each day since the immediately preceding Partnership Record Date.
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Priority Distribution Amount in Article 1 of the Agreement is hereby amended to read in its entirety as follows:
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Examples of Priority Distribution Amount 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.

  • In the event that any Class of Notes receives a payment in respect of the Noteholders' Priority Distribution Amount, the Administrator, on behalf of the Trust, shall give notice to each Rating Agency of such payment.

  • Notwithstanding the other provisions of this Article VIII, the Partnership shall distribute to the General Partner in each fiscal year an amount at least equal to the "Priority Distribution Amount" for that fiscal year, regardless of whether the Limited Partners receive any distributions.

  • No Partner shall receive any distributions in respect of, and no Cumulative Unpaid Accrued Return Amount shall accrue with respect to, any failure of such Partner to timely receive any Priority Distribution Amount due to the Partner's failure to provide the General Partner with accurate information regarding its address for payment of distributions hereunder.

  • To the extent that as of April 15th of any year the Partnership does not have an amount of liquid assets sufficient to permit cash distributions to the General Partner at least equal to the Priority Distribution Amount (as defined in Article VIII) with respect to the previous year, each Limited Partner and Assignee shall, upon written notice from the General Partner, contribute its pro rata share of the amount of such deficit, based on relative Sharing Ratios as of such date.

  • If the amount of such fees exceeds the Quarterly GP Priority Distribution Amount for any period, the excess shall carry forward and reduce the Quarterly GP Priority Distribution Amount in subsequent periods.

  • The General Partner's entitlement to the Quarterly GP Priority Distribution Amount shall cease as further provided below.

  • Notwithstanding the foregoing, the Limited Partners' obligations to make Additional Capital Contributions shall be reduced by the amount of reduction in the Quarterly GP Priority Distribution Amount under Section 5.10(g)(iii), allocated among the Limited Partners in proportion to their relative obligations to make Additional Capital Contributions.


More Definitions of Priority Distribution Amount

Priority Distribution Amount. With respect to any Distribution Date, the sum of (i) the Priority Pro Rata Distribution Amount and (ii) the Priority Prepayment Distribution Amount for such Distribution Date.
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Priority Distribution Amount means with respect to any Limited Partnership Unit (other than Units held by an Affiliate Limited Partner) outstanding on a Partnership Record Date the product of: (i) the cash distribution per REIT Share (including any distribution designated by the General Partner as capital gain pursuant to Section 857(b)(3)(C) of the Code or a return of capital) declared by the General Partner on the Partnership Record Date; (ii) the Conversion Factor; and (iii) a fraction, the denominator of which is the actual number of days in the quarter or other period subsequent to the date the last cash dividend or distribution was paid with respect to the REIT Shares through the payment date for the cash dividend or distribution for the REIT Shares to which such Partnership Record Date relates, and the numerator of which is the actual number of days in such quarter or such other period that such Limited Partnership Unit was outstanding."
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Priority Distribution Amount means with respect to a fiscal year of the Partnership the sum of (i) the franchise taxes imposed on the General Partner during such year, (ii) the product of multiplying: (a) the highest marginal tax rate which is applicable to individuals under the U.S. federal income tax laws during that fiscal year, by (b) the amount of taxable income and gain allocated to the General Partner with respect to that fiscal year (the "INCOME ITEMS"), net of any items of deduction or loss allocated to the General Partner by the Partnership with respect to that fiscal year which may be deducted against such Income Items by the members of the General Partner, plus (iii) the cumulative Priority Distribution Amounts which have not been distributed to the General Partner with respect to previous fiscal years.
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Priority Distribution Amount shall have the meaning ascribed thereto in the Partnership Agreement.
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Priority Distribution Amount means with respect to each Class A Common Unit outstanding on a Partnership Record Date (i) the cash dividend per share of Common Stock (including any dividend designated by the General Partner as a capital gain dividend pursuant to Section 857(b)(3)(C) of the Code) declared by the General Partner on the Partnership Record Date, multiplied by (ii) the Conversion Factor in effect on such Partnership Record Date.
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Priority Distribution Amount means, with respect to any Payment Date, an amount not less than zero equal, of an amount equal to (i) the aggregate Outstanding Amount of all the Notes as of the preceding Payment Date (after giving effect to any principal payments made on the Notes on that preceding Payment Date) or the Closing Date (in the case of the first Payment Date), as the case may be, minus (ii) the Adjusted Pool Balance; provided however, that the Priority Principal Distribution Amount shall not exceed the sum of the aggregate Outstanding Amount of all of the Notes on that Payment Date; and provided further, that the Priority Principal Distribution Amount on and after the Final Scheduled Payment Date of a Class of Notes shall not be less than the amount that is necessary to reduce the Outstanding Amount of that Class of Notes and all earlier maturing Classes of Notes to zero.
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Related to Priority Distribution Amount

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following:

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class A Distribution Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), the amount distributable to such Class of Class A Certificates pursuant to Paragraphs first, second and third clause (A) of Section 4.01(a). As to any Distribution Date and the Class A-PO Certificates, the amount distributable to the Class A-PO Certificates pursuant to Paragraphs third clause (B) and fourth of Section 4.01(a) on such Distribution Date.