Distributions Under the Plan Sample Clauses

Distributions Under the Plan. Each of the New Term Lenders shall have received the following: (i) cash in the amount of any accrued and unpaid interest, fees and expenses (including, without limitation, letter of credit fees, cash management fees, overdraft payments and all reasonable out-of-pocket expenses and counsel and other advisory fees and expenses; (ii) its pro rata share of 250,000 Shares of New Common Stock; (iii) its pro rata share of 271,429 New Series C Warrants; and (iv) the consideration due to each such New Term Lender pursuant to Section 4.2(b)(iv) of the Plan of Reorganization that is conditioned on whether the Newco Offering Minimum (as defined therein) has been satisfied (to be provided).
Sample 1
Distributions Under the Plan. Except as provided in Sections 5.2 and 5.3, a Participant’s Account may not be distributed to a Participant (or, if applicable, the Beneficiary) until one of the following events has occurred: the Participant has severed employment with the Employer, the Participant has attained age 70 ½, the Participant has died, or the Plan has been terminated by Employer. Notwithstanding the above, a Participant who is on active duty for a period of at least 30 days while performing qualified military service and who is receiving differential pay from the Employer while on active duty may elect to receive a distribution of the Participant’s deferrals into the Plan as permitted under section 414(u) of the Code. If a distribution of the Participant’s deferrals is taken, then no deferrals into the Plan may be made by the Participant for a period of at least six (6) months from the date of the distribution.
Sample 1
Distributions Under the Plan. As soon as practicable after the Effective Date, Reorganized Xxxxxxxxx shall make, or shall make adequate reserve for, the Distributions required to be made under the Plan. Cash necessary to make the Distributions required under the Plan, shall be made from the Debtors' Cash, if any, the Exit Facility, or any other source. All Distributions reserved pursuant to the Plan shall be held by the Debtors or Reorganized Xxxxxxxxx in trust for the benefit of the holders of Claims entitled to receive such Distributions.
Sample 1
Distributions Under the Plan 
Sample 1Sample 2

Related to Distributions Under the Plan

  • Distributions to Members Section 9.1

  • Distributions; Upstream Payments Declare or make any Distributions, except Permitted Distributions when no Event of Default exists, or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to Borrower, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 8.1.14.

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • DISTRIBUTIONS AND REPURCHASES No distribution, payment or dividend of any kind has been declared or paid by Company on any of its capital stock since the Balance Sheet Date. No repurchase of any of Company's capital stock has been approved, effected or is pending, or is contemplated by Company.

  • Plan Terminations Under Section 409A Notwithstanding anything to the contrary in Section 7.2, if this Agreement terminates in the following circumstances:

  • When Can I Make Contributions You may make annual contributions to your Xxxx XXX any time up to and including the due date for filing your tax return for the year, not including extensions. You may continue to make regular contributions to your Xxxx XXX even after you attain RMD age. In addition, rollover contributions and transfers (to the extent permitted as discussed below) may be made at any time, regardless of your age.

  • Distributions Other Than Cash Whenever the Depositary shall receive any distribution other than cash on the deposited Preferred Stock, the Depositary shall, subject to Section 3.02, distribute to record holders of Receipts on the record date fixed pursuant to Section 4.04 such amounts of the securities or property received by it as are, as nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced by the Receipts held by such holders, in any manner that the Depositary and the Company may deem equitable and practicable for accomplishing such distribution. The Depositary shall not make any distribution of securities to the holders of Receipts unless the Company shall have provided to the Depositary an opinion of counsel stating that such securities have been registered under the Securities Act or do not need to be registered.

  • Distributions Upon Liquidation Proceeds from a Terminating Capital Transaction and any other cash received or reductions in reserves made after commencement of the liquidation of the Partnership shall be distributed to the Partners in accordance with Section 13.2.

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed simultaneously to the Members in proportion to their relative Percentage Interests within forty-five days after the end of such quarter.

  • Distributions in General (a) Unless otherwise specified in the applicable Series Supplement, on each Quarterly Payment Date, the Paying Agent shall pay to the Noteholders of each Series of record on the preceding Record Date the amounts payable thereto (i) by wire transfer in immediately available funds released by the Paying Agent from the applicable Series Distribution Account no later than 12:30 p.m. (New York City time) if a Noteholder has provided to the Paying Agent and the Trustee wiring instructions at least five (5) Business Days prior to the applicable Quarterly Payment Date or (ii) by check mailed first-class postage prepaid to such Noteholder at the address for such Noteholder appearing in the Note Register if such Noteholder has not provided wire instructions pursuant to clause (i) above; provided that the final principal payment due on a Note shall only be paid upon due presentment and surrender of such Note for cancellation in accordance with the provisions of the Note at the applicable Corporate Trust Office.