DISTRIBUTION STANDARDS Sample Clauses

DISTRIBUTION STANDARDS. (a) DISTRIBUTOR SHALL:
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DISTRIBUTION STANDARDS. In connection with any distribution which the Trustee may make to or for the benefit of Grantor's spouse, children and the issue of children pursuant to the preceding Subsection, it is Grantor's primary intention that his spouse be adequately and comfortably maintained for her lifetime. Grantor also desires that his children receive education, to the best of their talents and abilities (including graduate and professional school, if appropriate and consistent with sound career objectives). Once the education of Grantor's children has been provided for, Grantor intends that the assets of the Family Trust be applied substantially for the benefit of Grantor's spouse, subject only to the occurrence of personal or medical emergencies affecting Grantor's children or the issue of any child, or a situation where the adequacy of the income of Grantor's spouse from other sources justifies distributions for the benefit of said children and issue. Whenever a distribution is to be made for the medical care or educational tuition needs of any issue of a child of Grantor, the Trustee should consider making payment directly to the provider of such goods and services whenever possible rather than directly to that issue. In any event, distributions for the benefit of Grantor's children and the issue of any child are to be made according to their respective needs and not on any pro rata basis. In making any such distribution for any child of Grantor or the issue of any child, the Trustee shall first consult with Grantor's spouse, if living; but if not, with the guardian or custodian of any beneficiary then under legal disability, and shall give ample consideration to their respective judgments and requests.
DISTRIBUTION STANDARDS. Butte Creek agrees to use commercially reasonable efforts to carry out its obligations related to the sale (as set forth in Section 6) and distribution of the Products in Licensed Channels in the Territory and in accordance with the terms and conditions of this Agreement (the “Distribution Privileges”). Butte Creek shall only sell and distribute in Licensed Channels and to Distributors approved by Mateveza USA in writing, which approval will not be unreasonably withheld or delayed. Butte Creek may not enter any agreement for the distribution of the Products by Distributors without the prior approval of Mateveza USA, which approval will not be unreasonably withheld or delayed. Mateveza USA reserves the right to revoke such approval in its reasonable discretion, provided, however, that such revocation does result in the breach of any contractual commitment or obligation on the part of Butte Creek. Butte Creek will not market, sell or distribute any kind or category of Product until Mateveza USA has first provided its prior written approval of such Product in all respects, including without limitation the quality, design, packing and wrapping of such Product. For each proposed Product, Butte Creek will furnish a reasonable number of representative samples to Mateveza USA (at no cost to Mateveza USA), including proposed packaging and packing materials, for the purpose of Mateveza USA determining whether to approve of such Product.

Related to DISTRIBUTION STANDARDS

  • Additional Registration Statements Until the Applicable Date (as defined below) and at any time thereafter while any Registration Statement is not effective or the prospectus contained therein is not available for use or any Current Public Information Failure (as defined in the Registration Rights Agreement) exists, the Company shall not file a registration statement or an offering statement under the 1933 Act relating to securities that are not the Registrable Securities (other than a registration statement on Form S-8 or such supplements or amendments to registration statements that are outstanding and have been declared effective by the SEC as of the date hereof (solely to the extent necessary to keep such registration statements effective and available and not with respect to any Subsequent Placement)). “Applicable Date” means the earlier of (x) the first date on which the resale by the Buyers of all the Registrable Securities required to be filed on the initial Registration Statement (as defined in the Registration Rights Agreement) pursuant to the Registration Rights Agreement is declared effective by the SEC (and each prospectus contained therein is available for use on such date) or (y) the first date on which all of the Registrable Securities are eligible to be resold by the Buyers pursuant to Rule 144 (or, if a Current Public Information Failure has occurred and is continuing, such later date after which the Company has cured such Current Public Information Failure).

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