Interim Distribution Sample Clauses

Interim Distribution. Promptly following the date that is twenty (20) business days after completion of the audit of the Purchaser and its Subsidiaries’ combined financial statements for the fiscal year ending May 27, 2005 and issuance of the opinion thereon by the auditors, but in no event later than the date that is twelve (12) months after the Effective Time, Purchaser and the Shareholder Representative shall provide joint written instructions to the Escrow Agent to release from the Escrow Fund a number of Escrow Shares equal to (i) 33.33% of the Escrow Fund minus (ii) the number of Escrow Shares delivered as of such date to Purchaser or any Purchaser Indemnitees pursuant to Section 3.1 as a result of Claim Certificates minus (iii) the number of Escrow Shares that are the subject of any dispute, in accordance with Section 3.2 hereof, respecting a good faith Claim Certificate or the subject matter of such Claim Certificate that has not yet been resolved in accordance with Section 3.2. Promptly following receipt of such joint written instructions, the Escrow Agent shall as promptly as practicable distribute to the Holders, pro rata, according to the number of shares of Company Common Stock held by the Holders immediately prior to the Effective Time (consistent with the manner of calculation described in Section 2.7 hereof) the number of Escrow Shares identified in such joint written instructions. Purchaser shall, and shall cause its stock transfer agent to, execute and deliver such stock certificates and other instruments as may be required in connection with, and otherwise assist and cooperate with the Escrow Agent in making, any distribution of the Escrow Fund to the Holders pursuant to this Section 5.1.
Sample 1
AutoNDA by SimpleDocs
Interim Distribution. The interim distribution described in Section 2(d) above is in all respects correct and accurate.
Sample 1
Interim Distribution. Within fifteen days after the Interim Date, the Escrow Agent shall distribute to the Stockholders a number of shares of Lightbridge Common equal to:
Sample 1
Interim Distribution. An interim distribution of all of the 66 physical and original Notes and part cash held by WaferGen Malaysia will be made by the Liquidator.
Sample 1
Interim Distribution. Interim Distribution means a lump sum payment within forty-five (45) days following the Interim Distribution Date to the Participant from the Interim Distribution Balance sub-account pertaining to that Interim Distribution. A Participant may elect to have one or more Interim Distributions but no more than three Interim Distribution Dates may be outstanding at any given time.
Sample 1
Interim Distribution. (a) A Participant may elect, on the Compensation Dispersal Agreement for a given Compensation deferral, to have a portion, or all, of such Voluntary Deferral, as well as any hypothetical investment gains and losses specifically attributable to such deferrals, paid within forty-five (45) days following an Interim Distribution Date designated by the Participant. Upon deferral, the portion of the Voluntary Deferral designated by the Participant to be distributed as an Interim Distribution shall be credited to the Interim Distribution Balance.
Sample 1
Interim Distribution. The Parties to the Agreement agree that interim distribution will only made to Senior Limited Partner. The interim distribution plan with respect to each tranche of contributions made by Senior Limited Partner is as follows:
Sample 1
AutoNDA by SimpleDocs
Interim Distribution. Date Shall be a date that is prior to the Participant’s Separation from Service elected by the Participant to receive a distribution from the Plan
Sample 1

Related to Interim Distribution

  • 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.

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • 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.

  • 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.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority:

  • Required Distributions Generally, when you die, designated beneficiary(ies) who are individuals may elect to deplete the Xxxx XXX by the end of the fifth calendar year following your death or to receive payments based on the designated beneficiary(ies)’s life expectancy. If life expectancy payments are elected, the payments must generally begin by December 31 of the first calendar year following your death. If your surviving spouse is your sole designated beneficiary, he or she may delay the first distribution until December 31 of the year you would have attained age 70½, if later. If your designated beneficiary is not an individual or qualified trust (e.g., a charity, your estate, etc.), your Xxxx XXX must be distributed by the end of the fifth calendar year following your death. Generally, each beneficiary may elect the timing and manner regarding the distribution of his or her portion of the Xxxx XXX. Elections must generally be made by December 31 of the year following your death. If timely elections are not made, distributions to designated beneficiaries who are individuals will be made using the life expectancy option. The default provision for designated beneficiaries that are not individuals is the 5-year method. If your beneficiary(ies) fails to withdraw the required amount in any tax year, he or she may be subject to a 50% excess accumulation penalty tax on the amount that should have been withdrawn but was not distributed. If your surviving spouse is the sole designated beneficiary of your Xxxx XXX, he/she may treat your Xxxx XXX as his or her own Xxxx XXX by redesignating your Xxxx XXX as his or her own Xxxx XXX, failing to take a required distribution as a beneficiary, or by making a contribution. Regardless of whether your spouse is your sole designated beneficiary, he or she may roll distributions from your Xxxx XXX into his or her own Xxxx XXX generally within 60 days of receipt. Additional restrictions may apply. CUSTODIAN NOT YOUR ADVISOR UMB Bank, n.a., UMB Distribution Services, LLC, Grand Distributions Services, LLC, and UMB Fund Services, Inc. expressly disclaim any right, duty, authority or responsibility to furnish legal or tax advice relating to your IRA, including but not limited to present or future tax consequences to you or others which may result from the establishment or maintenance of the Custodial Account, the permissible amounts or deductibility of contributions, the effect of withdrawals, the selection of payment options or beneficiaries, any matters pertaining to prohibited transactions, and any other matter whatsoever. You are advised and encouraged to consult with professional counsel of your own selection respecting all such matters.

  • No Distribution Except with respect to any Shares that may be offered and sold pursuant to the Registration Statement, Counterparty is not entering into the Transaction to facilitate a distribution of the Shares (or any security that may be converted into or exercised or exchanged for Shares, or whose value under its terms may in whole or in significant part be determined by the value of the Shares) or in connection with any future issuance of securities.

  • Liquidation Distribution Distributions made upon dissolution of the Partnership shall be made as provided in Section 9.03.

  • Liquidation Distributions All property and all cash in excess of that required to discharge liabilities as provided in Section 12.4(b) shall be distributed to the Partners in accordance with, and to the extent of, the positive balances in their respective Capital Accounts, as determined after taking into account all Capital Account adjustments (other than those made by reason of distributions pursuant to this Section 12.4(c)) for the taxable year of the Partnership during which the liquidation of the Partnership occurs (with such date of occurrence being determined pursuant to Treasury Regulation Section 1.704-1(b)(2)(ii)(g)), and such distribution shall be made by the end of such taxable year (or, if later, within 90 days after said date of such occurrence).

  • REMIC Distributions On each Distribution Date the Trustee shall be deemed to have allocated distributions to the REMIC I Regular Interests, REMIC II Regular Interests, Class CE Interest, Class P Interest and Class IO Interest in accordance with Section 5.07 hereof.

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