Distributions and Notices Sample Clauses

Distributions and Notices. Distributions hereunder shall be sent, and notices required or permitted hereunder shall be in writing and shall be sent, to the address set forth for each Partner in signature pages hereof, or at such other address as may be supplied by written notice given in conformity with the terms of this Section 12.1. Notices to the Management Committee shall be sent care of all Partners who have a right to designate members of the Management Committee. Any notice required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and/or delivered (a) when personally delivered, (b) when sent by telefax and receipt is acknowledged via telephone or otherwise as confirmation of such receipt but only if the sender obtains a printed confirmation of the receipt by the recipient of the entire document, (c) the second day following the day on which the same has been delivered prepaid to a reputable overnight courier service providing proof of receipt but only if sent for next business day delivery or (d) five (5) days after the deposit in the United States mails, registered or certified, return receipt requested and postage prepaid, in each case addressed to the party to whom such notice is to be given at the address set forth on the signature pages hereof), or at the most recent address(es) specified by written notice given to the other party in the same manner provided in this section; provided, however, that notice of an address change shall not be effective until actually received. Distributions shall be deemed given only upon the receipt thereof by a Partner.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Distributions and Notices. Distributions hereunder shall be sent, and notices required or permitted hereunder shall be in writing and shall be sent, to the Venturers as follows: If to Genzyme: Genzyme Corporation One Xxxxxxx Xxxxxx Cambridge, MA 02139 Telephone: (617) 000-0000 Facsimile: (617) 000-0000 Attention; Henrx X. Xxxxxxx If to the Partnership: Genzyme Development Partners, L.P. c/o Genzyme Development Corporation II One Xxxxxxx Xxxxxx Cambridge, MA 02139 Telephone: (617) 000-0000 Facsimile: (617) 000-0000 Attention: Petex Xxxxxx xr to such other address as such Venturer may hereafter specify in writing, and shall be deemed given on the earlier of (i) physical delivery to a party and (ii) three days after mailing by prepaid first class or express mail.
Sample 1
Distributions and Notices. Each Seller agrees that in the event such Seller shall receive payments, distributions or notices with respect to or relating to the Claims or the Transferred Rights at any time, such Seller shall accept the same as Purchaser’s agent and shall hold the same in trust on behalf of and for the sole benefit of Purchaser, and shall promptly deliver the same forthwith to Purchaser in the same form received within two Business Days in the case of cash, within three Business Days in the case of securities (which shall be in good deliverable form, with the endorsement of any such Seller when necessary or appropriate) and within one Business Day in the case of any notice. In the event any Seller fails to deliver any payment or distribution to Purchaser within the relevant period from such Seller’s receipt, such Seller shall be obligated to pay Purchaser interest on such payment or distribution (in the case of securities the value of each such security shall be the closing price as reported on the national securities exchange on which the security is listed or the average of the bid and ask price as reported on the automated inter-dealer quotation system on which the security is traded or such other value as Purchaser may reasonably determine) at the per annum rate of 10% (the “Interest Rate”), from the date of such Seller’s receipt to the date of Purchaser’s receipt.
Sample 1
Distributions and Notices 
Sample 1

Related to Distributions and Notices

  • Distributions and Payments Section 4.01.

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • DISTRIBUTIONS AND ADVANCES Section 5.01

  • Distributions in General Except as otherwise provided in Article 7 hereof and subject to Sections 17-607 and 17-804 of the Act, for any fiscal year all Cash Available for Distribution, net proceeds from any Terminating Capital Transaction and Financing Proceeds shall be distributed to the Partners at least quarterly.

  • Distributions to Record Holders (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Manager may, in its sole discretion, at any time and from time to time, declare, make and pay distributions of cash or other assets of the Company to the Members. Subject to the terms of any Share Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Shares of the Company) and of Article XIII, distributions shall be paid to the holders of Common Shares on an equal per-Share basis as of the Record Date selected by the Manager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Delaware Act or other applicable law.

  • Payments and Distributions (a) On or immediately after the fifteenth the day of each month, the Trustee shall satisfy itself as to the adequacy of the Reserve Account, making any further credits thereto as may appear appropriate in accordance with Section 3.05 and shall then with respect to each Trust:

  • Requirement and Characterization of Distributions; Distributions to Record Holders (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on September 30, 2005, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners as of the Record Date selected by the General Partner. All amounts of Available Cash distributed by the Partnership on any date from any source shall be deemed to be Operating Surplus until the sum of all amounts of Available Cash theretofore distributed by the Partnership to the Partners pursuant to Section 6.4 equals the Operating Surplus from the Closing Date through the close of the immediately preceding Quarter. Any remaining amounts of Available Cash distributed by the Partnership on such date shall, except as otherwise provided in Section 6.5, be deemed to be “Capital Surplus.” All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

  • Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (See Section 4.04 of the Standard Terms)

Time is Money Join Law Insider Premium to draft better contracts faster.