Rights to Distributions. Except as otherwise provided in this Agreement: (i) no Member shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account, (ii) no Member shall withdraw any portion of its Capital Contributions or receive any distributions from the Company as a return of capital on account of such Capital Contributions, and (iii) the Company shall not redeem or repurchase the Unit of any Member.
Rights to Distributions. (a) Any and all dividends, interest, and other cash and non-cash distributions at any time received or held by any Pledgor shall be so received or held in trust for the Secured Party, shall be segregated from other funds and property of such Pledgor and shall be forthwith delivered to the Secured Party in the same form as so received or held, with any necessary indorsements; provided that cash dividends, interest or distributions received by any Pledgor may be retained by such Pledgor in accordance with this Section.
Rights to Distributions. The Trustee, as record holder of Excess Shares, shall be entitled to receive all distributions on such Shares and shall hold such distributions in trust for the benefit of the Beneficiary. The Prohibited Owner with respect to Excess Shares shall repay to the Trustee the amount of any distributions received by it that (i) are attributable to any Shares designated Excess Shares and (ii) becomes payable on or after the date that such Shares became Excess Shares. The Company shall take all measures that it determines reasonably necessary to recover the amount of any such distribution paid to a Prohibited Owner, including, if necessary, withholding any portion of future distributions payable on Shares held by a Person who, but for the provisions of Section 9.3, would receive the distributions with respect to the Excess Shares and, as soon as reasonably practicable following the Company’s receipt or withholding thereof, shall pay over to the Trustee for the benefit of the Beneficiary the distributions so received or withheld, as the case may be.
Rights to Distributions. Each holder of Partnership Interests and BUCs shall look solely to the assets of the Partnership for all distributions with respect to the Partnership, his Capital Contributions and his share of Net Interest Income, Net Residual Proceeds and Liquidation Proceeds and, except as provided in Section 3.01(b), shall have no recourse therefor, upon dissolution or otherwise, against the General Partner or the Initial Limited Partner. No Partner or BUC Holder shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership. All distributions pursuant to this Article IV are subject to the provisions of Section 3.04.
Rights to Distributions. (a) Any and all dividends, interest, and other cash and non-cash distributions at any time received or held by Debtor shall be so received or held in trust for the Secured Party, shall be segregated from other funds and property of Debtor and shall be forthwith delivered to the Secured Party in the same form as so received or held, with any necessary indorsements; provided that dividends, interest or distributions received by the Debtor may be retained by the Debtor in accordance with this Section.
Rights to Distributions. So long as no Event of Default has occurred and is continuing the Pledgor may retain any distributions made in cash or cash equivalents, but after the occurrence and during the continuance of an Event of Default Pledgor shall cause the Company to pay directly to Agent on behalf of Secured Party (a) one hundred percent (100%) of all distributions made in the ordinary course in cash or cash equivalents in respect of any Collateral, (b) one hundred percent (100%) of all distributions made other than in cash or cash equivalents in respect of any Collateral, and (c) one hundred percent (100%) of all distributions of cash or cash equivalents made in respect of any Collateral in connection with a partial or total liquidation or dissolution of the Company or in connection with a reduction of capital, capital surplus or paid-in-surplus thereof, whether such distributions be made by way of dividend, interest, distribution or otherwise. Distributions received by Agent under (a) and (c) above shall be applied by Secured Party against the Secured Obligations in the manner specified in Section 14 hereof.
Rights to Distributions. 27 SECTION 11. Remedies upon Event of Default ................................................. 28 SECTION 12.
Rights to Distributions. All distributions on the pledged Units will be paid to the Borrower, except that distributions payable in additional Units will be added to each Borrower's pledged Units. Each Borrower will be entitled to vote the Borrower's pledged Units. The Program is subject to amendment, suspension or termination by the General Partner at any time.
Rights to Distributions. If Debtor shall become entitled to receive or shall receive any interest in or certificate (including, without limitation, any interest in or certificate representing a distribution in connection with any reclassification, increase, or reduction of capital, or issued in connection with any reorganization), or any option or rights arising from or relating to any of the Collateral, whether as an addition to, in substitution of, as a conversion of, or in exchange for any of the Collateral, or otherwise, Debtor agrees to accept the same as Agent's agent and to hold the same in trust on behalf of and for the benefit of Agent, and to deliver the same immediately to Agent in the exact form received, with appropriate undated stock or similar powers, duly executed in blank, to be held by Agent, subject to the terms hereof, as Collateral. Agent shall be entitled to all distributions, and to any sums paid upon or in respect of any Collateral, upon the liquidation, dissolution, or reorganization of the issuer thereof which shall be paid to Agent to be held by it as additional collateral security for the Obligations and the Other Lender Obligations and application to the Obligations and the Other Lender Obligations at the discretion of Agent. All distributions paid or distributed in respect of the Collateral which are received by Debtor in violation of this Security Agreement shall, until paid or delivered to Agent, be held by Debtor in trust as additional Collateral for the Obligation and the Other Lender Obligations.
Rights to Distributions. Unless ECA exercises its right of first refusal to purchase the Royalty NPI as described herein, the sale of the Royalty NPI shall occur at the Closing (as defined below). After the Closing occurs, the rights of the Parties to payment pursuant to the NPI Conveyance shall be as follows:
