Common use of Distribution of Interest Clause in Contracts

Distribution of Interest. If the Escrowed Funds become deliverable to (i) subscribers pursuant to Section 5(c) above, or (ii) the Company pursuant to Section 5(a) above, the Transfer Agent shall compute and distribute to each subscriber a pro rata share of the earnings on the Escrowed Funds from the investment thereof pursuant to Section 4 above (the “Investment Earnings”). Each subscriber’s pro rata share of Investment Earnings shall be computed as follows: Individual Subscription Amount x days held Investment Earnings x Total subscription amounts x days held For purposes of this calculation, “days held” for purposes of distributing interest pursuant to Section 5(a) shall be deemed through and including the Break Escrow Date. Such pro rata share of Investment Earnings shall be distributed to each subscriber (x) within 45 days, along with the return of such subscriber’s subscription amount and distribution of interest, if distributions are made pursuant to Section 5(c) above, and (y) within 45 days of the Break Escrow Date, if distributions are made pursuant to Section 5(a) above. If the 45th day is not a Business Day, then the 45th day shall be deemed to be the next Business Day.

Distribution of Interest. If the Escrowed Funds become deliverable to (i) subscribers pursuant to Section 5(c) above, or (ii) the Company pursuant to Section 5(a) above, the Transfer Agent shall compute and distribute to each subscriber a pro rata share of the earnings on the Escrowed Funds from the investment thereof pursuant to Section 4 above (the “Investment Earnings”). Each subscriber’s pro rata share of Investment Earnings shall be computed as follows: Individual Subscription Amount x days held Investment Earnings x Total subscription amounts x days held For purposes of this calculation, “days held” for purposes of distributing interest pursuant to Section 5(a) shall be deemed through and including the Break Escrow Date. Such pro rata share of Investment Earnings shall be distributed to each subscriber (x) within 45 days, along with the return of such subscriber’s subscription amount and distribution of interest, if distributions are made pursuant to Section 5(c) above, and (y) within 45 days of the Break Escrow Date, if distributions are made pursuant to Section 5(a) above. If the 45th day is not a Business Day, then the 45th day shall be deemed to be the next Business Day. The Transfer Agent shall notify the Company, the Escrow Agent and the Managing Dealer of its distribution of the funds.

Distribution of Interest. If the Escrowed Funds become deliverable to (i) subscribers pursuant to Section 5(c4(c) above, or (ii) the Company pursuant to Section 5(a4(a) above, the Transfer Agent shall compute and distribute to each subscriber a pro rata share of the earnings on the Escrowed Funds from the investment thereof pursuant to Section 4 above (the “Investment Earnings”). Each subscriber’s pro rata share of Investment Earnings shall be computed as follows: Individual Subscription Amount x days held Investment Earnings x Total subscription amounts x days held For purposes of this calculation, “days held” for purposes of distributing interest pursuant to Section 5(a4(a) shall be deemed through and including the Break Escrow Date. Such pro rata share of Investment Earnings shall be distributed to each subscriber (x) within 45 days, along with the return of such subscriber’s subscription amount and distribution of interest, if distributions are made pursuant to Section 5(c4(c) above, and (y) within 45 days of the Break Escrow Date, if distributions are made pursuant to Section 5(a4(a) above. If the 45th day is not a Business Day, then the 45th day shall be deemed to be the next Business Day. The Transfer Agent shall notify the Company, the Escrow Agent and the Managing Dealer of its distribution of the funds.