Future Distributions Clause Samples
The "Future Distributions" clause defines how any distributions of profits, assets, or other benefits that may occur after the agreement's execution will be handled among the parties. Typically, this clause outlines the conditions under which future distributions are made, the calculation methods, and the timing or triggers for such distributions. For example, it may specify that profits generated from a joint venture will be distributed annually based on ownership percentages. The core function of this clause is to provide clarity and prevent disputes by establishing clear rules for sharing future financial benefits.
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Future Distributions. Seller, for and in consideration of the payment by Purchaser to Seller hereunder, hereby assigns, conveys and transfers to Purchaser all of its right, title and interest in and to any and all distributions associated with its ownership of the Membership Interest and hereby releases any claims or rights it may have to any distributions associated with the Membership Interest.
Future Distributions. 44 ARTICLE VI
Future Distributions. As further consideration of the Company’s obligations under Section 2(a)-(d) above, GLC shall also make distributions to the Company as contemplated and set forth under Section 3(c) of Exhibit A attached hereto (the “Future Distributions”).
Future Distributions of the Agreement is hereby deleted in its entirety and replaced with the following: “All Company cash, including any Reserves (defined in the Side Letter) to be distributed to the Members pursuant to the Side Letter, shall be distributed to the Members 50% to IHP and 50% to TNHC.” For the avoidance of doubt, from and after December 17, 2020, no further Base Capital Preferred Return, Preferred Return or any other yield or interest shall accrue or be payable with respect to the balance of any Member’s Unrecovered Capital Account, nor shall any Member have the right to demand a return of such Unrecovered Capital Account.
Future Distributions. Notwithstanding anything to the contrary contained in this Agreement, Seller shall be entitled to all distributions with respect to any FIPA Units if and to the extent such distributions are attributable to the period of Seller’s ownership of such FIPA Units and whether or not the distributions are (or were) made prior to or after the date such FIPA Units were sold and conveyed to Purchaser pursuant to any Closing (and any distributions and/or payments with respect to the FIPA Units shall be prorated based on the number of days of Seller’s ownership of the FIPA Units during any payment period, as applicable). Purchaser and Guarantor shall cause any distributions to which Seller is entitled pursuant to the terms of this Section 4.2 to be paid to Seller promptly upon receipt.
Future Distributions. Upon receipt of a Council Resolution, on a yearly basis, beginning in the second Fiscal Year, to transfer from the Trust Account to the First Nation an amount equal to Two Thousand ($2,000.00) dollars per Member, or such other amount per Member as may be agreed to by the Council and the Trustees, for each Member who turned eighteen (18) in the prior Fiscal Year, and who was not entitled to the distribution under subsection 5.1(a) of this Agreement.
Future Distributions. As of the Effective Date and following completion of the Enron Reserve Distribution:
a. On or before December 14, 2006, NewPower shall make a distribution of the balance of the NewPower Money Market Account, less (i) an amount, determined by NewPower in its sole and absolute discretion, to be held in reserve sufficient to pay any reasonable expenses incurred or to be incurred in the NewPower Chapter 11 Cases and (ii) any amounts allocable to the equity interests held by Lou Pai or Lanna Pai, to all holders of equity in the NewPower Ch▇▇▇▇▇ ▇1 Ca▇▇▇, ▇▇▇▇uding, but not limited to, Enron and the Non-Debtor Enron Entities (the "Subsequent NewPower Distribution"), which amount of reasonable expenses and amounts allocable to the equity interests of Lou Pai or Lanna Pai shall be disclosed, in the aggregate, in a f▇▇▇▇▇ ▇o be ▇▇▇▇ ▇▇▇h the NewPower Bankruptcy Court on or before the Subsequent NewPower Distribution. Each of Enron and the Non-Debtor Enron Entities shall be entitled to receive their pro rata portion of the Subsequent NewPower Distribution in amounts representing their respective ownership of the Enron Equity Interests as of the date of this Settlement Agreement.
b. Distributions to holders of equity interests in the NewPower Chapter 11 Cases occurring after the Subsequent NewPower Distribution (collectively, the "Future Distributions") shall be paid solely to ENE at JPMorgan Chase Bank, ABA Number 021000021, Enron Estate Collections account number 304-194077, re▇▇▇▇▇▇▇ "NewPower/Enron Settlement." In any Future Distributions, and based upon the deemed cancellation pursuant to the provisions of Section 2.6 hereof; (a) ENE shall be deemed to be the owner of: (i) the McGarret Shares, (ii) the Enron Equity Interests held by EESLLC as of the date of this Settlement Agreement; (iii) the Enron Equity Interests held by Cortez as of the date of this Settlement Agreement, and (iv) the ▇▇▇▇▇ Equity Interests held by the EES Trust immediately following exercise of the EES Warrants pursuant to Section 2.5 of this Settlement Agreement; and (b) ENE shall be entitled to receive any Future Distributions as a result of such deemed ownerships in amounts calculated pursuant to the methodology employed to make any Future Distributions to entities other than Enron and the Non-Debtor Enron Entities.
Future Distributions. If a distribution on any Underlying JPM Funds Claim re- assigned to a JPM Fund is received by LBHI after the payment to LBHI contemplated in § 4 hereof or has not been otherwise accounted for pursuant to § 4(c) hereof, LBHI shall promptly account for and pay over the distribution to the JPM Fund.