Distribution Request Sample Clauses
A Distribution Request clause outlines the process by which a party can formally request the distribution of funds, assets, or other resources as specified in an agreement. Typically, this clause details the required documentation, timing, and procedures that must be followed to initiate and process such a request, such as submitting a written notice or meeting certain conditions precedent. Its core practical function is to ensure that distributions are handled in an orderly and transparent manner, reducing the risk of disputes or misunderstandings regarding when and how distributions should occur.
Distribution Request. You may distribute all or part of your Account balance at any time. All requests for distribution shall be in a form and manner provided by or acceptable to us. Any distributions shall be subject to all applicable tax and other laws and regulations including possible early withdrawal penalties and withholding requirements. We shall have no duty to ascertain whether any payment or distribution as directed by you is proper under the provisions of the Code, this Agreement, or otherwise. We shall not be responsible for the purpose, sufficiency, or propriety of any distribution. We are only authorized to make distributions in accordance with instructions of the Investor, or after the Investor’s death, of their Beneficiary, or as otherwise provided for in this Agreement. Such instructions must be given in a form and manner acceptable to us.
Distribution Request. “Distribution Request” means a request for distribution of loan proceeds in accordance with Section 2.6.
Distribution Request. At any time the Client may request a distribution of funds in its Account. Such request
Distribution Request. When Distributed - A Participant or Beneficiary entitled to a distribution who wishes to receive a distribution must submit a request (either in writing or in any other form permitted under rules promulgated by the IRS and DOL) to the Plan Administrator. If required in writing, such request shall be made upon a form provided or approved by the Plan Administrator. Upon a valid request, the Plan Administrator shall direct the Trustee (or Custodian, if applicable) to commence distribution as soon as administratively feasible after the request is received, except as otherwise provided in the Adoption Agreement. Distributions will be made based on the value of the Vested portion of the Individual Account available at the time of actual distribution. To the extent the distribution request is for an amount greater than the Individual Account, the Trustee (or Custodian, if applicable) shall be entitled to distribute the entire Vested portion of the Individual Account.