Common use of Late Distributions Clause in Contracts

Late Distributions. (i) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(i) on or before the applicable Guaranteed Payment Date, then the Guaranteed Payment Amount payable with respect to that Guaranteed Payment Date shall be increased at a rate per year equal to the Preferred A Rate for the number of days from the applicable Guaranteed Payment Date to the date on which the required distribution is actually made. (ii) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(ii) on or before the applicable Preferred A Distribution Date, then the amount to be distributed with respect to that Preferred A Distribution Date shall be increased at a rate per year equal to the Preferred A Rate for the number of days from the applicable Preferred A Distribution Date to the date on which the required distribution is actually made. (iii) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(iii) on or before the applicable Preferred B Distribution Date, then the amount to be distributed with respect to that Preferred B Distribution Date shall be increased at a rate per year equal to the Preferred B Rate for the number of days from the applicable Preferred B Distribution Date to the date on which the required distribution is actually made; provided, however, that this Section 4.1(b)(iii) shall apply only to distributions required to be made on Preferred B Distribution Dates occurring on or after the Preferred B PIK Termination Date. (iv) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(v) on or before the applicable Management Return Payment Date, then the amount to be distributed with respect to that Management Return Payment Date shall bear interest at the Preferred A Rate from that Management Return Payment Date to the date that the required distribution is actually made.

Late Distributions. (i) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(i) on or before the applicable Guaranteed Payment Date, then the Guaranteed Payment Amount payable with respect to that Guaranteed Payment Date shall be increased at a rate per year equal to the Preferred A Rate for the number of days from the applicable Guaranteed Payment Date to the date on which the required distribution is actually made. (ii) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(ii) on or before the applicable Preferred A Distribution Date, then the amount to be distributed with respect to that Preferred A Distribution Date shall be increased at a rate per year equal to the Preferred A Rate for the number of days from the applicable Preferred A Distribution Date to the date on which the required distribution is actually made. (iii) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(iii) on or before the applicable Preferred B Distribution Date, then the amount to be distributed with respect to that Preferred B Distribution Date shall be increased at a rate per year equal to the Preferred B Rate for the number of days from the applicable Preferred B Distribution Date to the date on which the required distribution is actually made; provided, however, that this Section 4.1(b)(iii) shall apply only to distributions required to be made on Preferred B Distribution Dates occurring on or after the Preferred B PIK Termination Date. (iv) If the Company fails to make any distribution required to be made pursuant to Section 4.1(a)(v) on or before the applicable Management Return Payment Date, then the amount to be distributed with respect to that Management Return Payment Date shall bear interest at the Preferred A Rate from that Management Return Payment Date to the date that the required distribution is actually made.