Final Calculation and Cy-Près Distribution Sample Clauses

Final Calculation and Cy-Près Distribution. (1) If a positive balance remains in the Settlement Trust after one hundred eighty (180) days have passed from the date of distribution of the Net Settlement Amount to the Authorized Claimants, whether as a result of failure to locate any Authorized Claimants, the failure of any Class Member to make a valid claim, or as a result of any tax refunds or any distributed cheques having become stale-dated or ineligible for redemption, or otherwise, Class Counsel and the Administrator, acting reasonably, shall determine whether the remaining balance may be distributed among the Authorized Claimants to the extent reasonably possible.
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Final Calculation and Cy-Près Distribution. (1) Settlement cheques issued by the Claims Administrator that are not deliverable to or retrieved by a Class Member, or which are not cashed by a Class Member, within six
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Final Calculation and Cy-Près Distribution. (1) Settlement cheques or Interac e-transfers issued by the Claims Administrator that are not deliverable to or retrieved by a CIBC Class Member, or which are not cashed or deposited by a CIBC Class Member, within six (6) months of issuance in the case of cheques and thirty (30) days in the case of Interac e-transfers, will become stale-dated or expire, ineligible for redemption, and shall not be reissued.
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Final Calculation and Cy-Près Distribution. 4.3.1. Settlement funds issued by the Claims Administrator that are not deliverable to or retrieved by an Eligible Claimant within thirty (30) days of issuance will become stale-dated, ineligible for redemption, and shall not be reissued.
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Final Calculation and Cy-Près Distribution. (1) Settlement cheques issued by the Defendant that are not deliverable to or cashed by a Claimant(s) or which are not cashed by a Claimant within six (6) months of issuance will become stale-dated, ineligible for redemption, and shall not be reissued.
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Final Calculation and Cy-Près Distribution 
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Related to Final Calculation and Cy-Près Distribution

  • Trust Accounts Distributions Statements to Noteholders SECTION 5.1.

  • ALLOCATION OF DISTRIBUTION FEE Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:

  • 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.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Adjustments to Capital Accounts At the end of each Fiscal Period, the Capital Accounts of the Partners shall be adjusted in the following manner:

  • Distributions Statements to Certificateholders 29 Section 4.01. Certificate Account and Special Payments Account...................................... 29 Section 4.02. Distributions from Certificate Account and Special Payments Account................... 29 Section 4.03. Statements to Certificateholders...................................................... 31 Section 4.04. Investment of Special Payment Moneys.................................................. 32

  • Final Distribution The liquidator will distribute any assets remaining after the discharge or accommodation of the Company’s debts, obligations and liabilities to the Member.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • Final Distributions Section 8.01. Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.01 or 7.02 of this Supplement.

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