Define: De Minimis Distribution

How is De Minimis Distribution defined in a legal contract?

• De Minimis Distribution means a distribution that is to be made according to the terms of a particular plan and is less than or equal to a certain amount.
  Seen in 5 SEC filings.
• De Minimis Distribution means any distribution that is less than a certain amount.
  Seen in 4 SEC filings.
• De Minimis Distribution means any distribution, other than one on a secured claim allowed, that is less than a certain amount.
  Seen in 3 SEC filings.
• De Minimis Distribution means a distribution that is to be made in accordance with the terms of a plan and that is less than or equal to a certain amount as of a designated distribution date.
  Seen in 2 SEC filings.
• De Minimis Distribution means a distribution that is equal to or less than a certain amount, provided the plan is confirmed as a specified plan.
  Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of de minimis distribution’ yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

• De Minimis Distribution means a distribution in accordance with a certain plan that is less than or equal to a designated amount.

Relevant Contract Type

• Distribution Agreements
• Supply Chain Contracts
• Investment Agreements

Relevant Circumstances

• Business entities define how small items of value are treated in contractual relationships.
• Financial institutions set thresholds for transaction amounts to streamline transaction processing.

Relevant Sectors

• Financial Services
• Manufacturing and Distribution
• Startups and Tech Companies

‍

Genie Definition 2

• De Minimis Distribution means any distribution less than a designated amount, excluding those on an allowed secured claim.

Relevant Contract Type

• Securities Purchase Agreements
• Loan Agreements
• Contractual Claim Settlements

Relevant Circumstances

• In contractual claims settlements, the value threshold is determined for distribution amounts.
• When businesses, especially financial institutions, define how they handle small distribution amounts that fall under a certain threshold.

Relevant Sectors

• Investments and Securities
• Banking and Finance
• Insurance

‍