Distribution Definition Example

Distribution. Shall mean, with respect to any indebtedness or obligation, (a) any payment or distribution by any Person of cash, securities or other property, by set-off or otherwise, on account of such indebtedness or obligation, (b) any redemption, purchase or other acquisition of such indebtedness or obligation by any Person or (c) the granting of any Lien (other than a grant of a Lien by AMS under the MDFA Loan Documents, to the extent such grant is not prohibited by this Agreement) to or for the benefit... of the holders of such indebtedness or obligation in or upon any property of any Person. View More