Distributions Under the Plan Sample Clauses

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.
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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. 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).
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Distributions Under the Plan 
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Related to Distributions Under the Plan

  • Distributions; Upstream Payments Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

  • 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 Upon Taxation of Amounts Deferred If, pursuant to Code Section 409A, the Federal Insurance Contributions Act or other state, local or foreign tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank may make a limited distribution to the Executive in a manner that conforms to the requirements of Code section 409A. Any such distribution will decrease the Executive’s benefits distributable under this Agreement.

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

  • Payments under this Agreement In the event that one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.05.

  • 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 to the Partners within forty-five days after the end of such quarter as follows:

  • 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.

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