Distribution of Company Assets Sample Clauses

Distribution of Company Assets. If the Company shall make any distribution of its assets to the holders of its Common Stock as a partial or complete liquidating dividend, a return of capital or otherwise, each Holder shall be entitled, after occurrence of the record date for determining shareholders entitled to such distribution, but before the date of such distribution, to exercise any Warrants then owned and purchase any or all of the shares of Common Stock then subject hereto, and thereupon to receive the amount of such assets (or at the option of the Company a sum equal to the value thereof at the time of such distribution to holders of Common Stock as such value is determined in good faith by the Company's Board of Directors) which would have been payable to such Holder had he, she or it been the holder of record of such shares of Common Stock on the referenced record date.
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Distribution of Company Assets. Subject to the provisions of Sections 7.2(a) and 7.4(d) hereof, the proceeds of liquidation as well as all other available assets of the Company, after satisfaction (whether by payment or reasonable provision for payment) of all Tax Distributions and liabilities, indebtedness, accrued compensation owed to employees and consultants of the Company under contractual arrangements or employee benefit plans entered into in the ordinary course of business prior to the Company’s dissolution and other obligations of the Company, shall be distributed to the Members in accordance with the order and priorities set forth under Section 11.3 hereof as if such remaining proceeds of liquidation and other remaining assets of the Company were an amount being distributed pursuant to Section 11.3. The value of any assets of the Company (other than cash) available for distribution pursuant to this Section 14.3(b) shall be determined in good faith by the liquidating trustee.
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Distribution of Company Assets. The proceeds of Liquidation, after payment of all liabilities, indebtedness, accrued compensation owed to employees and consultants of the Company under contractual arrangements or employee benefit plans entered into in the ordinary course of business prior to the Company’s dissolution and other obligations of the Company and after the provision of any reserve as determined by the Board of Managers, shall be distributed in accordance with Section 7.2.
Sample 1
Distribution of Company Assets. Any Exit Transaction Proceeds (including, inter alia, any dividend payments) shall be distributed among the Parties based on the respective pro rata holdings in the Company’s issued and outstanding share capital, on an as converted basis.
Sample 1
Distribution of Company Assets. Upon the dissolution of the Company in accordance with Section 9.1, the Managing Member shall act as liquidator (unless there is no Managing Member at such time, in which case the Members shall select, by vote of a majority in Percentage Interest, a person (which may include any Member) to act as liquidator) of the Company's assets. After paying the Company's outstanding liabilities to creditors in the order of priority as provided by law (or the provision of adequate reserves therefor), the liquidator shall distribute to each Member an amount equal to the positive balance in its Capital Account (determined after taking into account all Capital Account adjustments for the Company's fiscal year during which such liquidating distributions are made) in assets of the Company and/or in cash, as the Company Committee by Supermajority Vote shall determine in its sole and absolute discretion. All liquidating distributions shall be made by the end of the taxable year of the Company during which the liquidation of the Company occurs (or, if later, within 90 days after the date of such liquidation).
Sample 1

Related to Distribution of Company Assets

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Liquidation of Company The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus.

  • Distribution of Net Cash Flow Net Cash Flow shall be distributed among the Partners in accordance with their Partnership Percentages at such times and in such amounts as shall be determined by the General Partner.

  • Distribution of Units Unless otherwise determined by the Committee or required by any applicable law, rule or regulation, neither the Company nor the Partnership shall deliver to the Participant certificates evidencing Units issued pursuant to this Agreement and instead such Units shall be recorded in the books of the Partnership (or, as applicable, its transfer agent or equity plan administrator). All certificates for Units issued pursuant to this Agreement and all Units issued pursuant to book entry procedures hereunder shall be subject to such stop transfer orders and other restrictions as the Company may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such Units are then listed, and any applicable federal or state laws, and the Company may cause a legend or legends to be inscribed on any such certificates or book entry to make appropriate reference to such restrictions. In addition to the terms and conditions provided herein, the Company may require that the Participant make such covenants, agreements, and representations as the Company, in its sole discretion, deems advisable in order to comply with any such laws, regulations, or requirements. No fractional Units shall be issued or delivered pursuant to the Phantom Units and the Committee shall determine, in its discretion, whether cash, other securities, or other property shall be paid or transferred in lieu of fractional Units or whether such fractional Units or any rights thereto shall be canceled, terminated, or otherwise eliminated.

  • Distribution of Stock Subject to Section 8, the Company shall cause the Participant to be the record owner of any shares of Stock to which the Participant becomes entitled to receive under this Agreement in accordance with the payment terms described in Section 3.

  • Distribution of Assets on Dissolution Upon the winding up of the Company, the Company Property shall be distributed:

  • Dissolution of Company (a) The Company shall be dissolved, wound up and terminated as provided herein upon the first to occur of the following:

  • Distribution of Assets Upon Dissolution In settling accounts after dissolution, the assets of the Company shall be paid in the following order:

  • Distribution of Assets In case the Company shall declare or make any distribution of its assets (including cash) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise, then, after the date of record for determining shareholders entitled to such distribution, but prior to the date of distribution, the holder of this Warrant shall be entitled upon exercise of this Warrant for the purchase of any or all of the shares of Common Stock subject hereto, to receive the amount of such assets which would have been payable to the holder had such holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such distribution.

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