Optional Distributions Sample Clauses

The Optional Distributions clause allows a party, typically a trustee or administrator, to make discretionary distributions of assets or income to beneficiaries outside of any mandatory distribution schedule. In practice, this means the responsible party can provide funds or property to beneficiaries based on their needs, emergencies, or other criteria set out in the agreement, even if such distributions are not required at specific times. This clause provides flexibility to address unforeseen circumstances or beneficiary needs, ensuring that support can be given when necessary rather than being strictly limited to predetermined intervals.
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Optional Distributions. Except for the mandatory distributions in ---------------------- this Article 6, distributions shall be made when and as declared by the Managing Members. Any distributions shall be made to the Members pro rata in accordance with their respective Units, provided that no distribution shall be made to a Member which will cause or increase an Adjusted Capital Account Deficit for such Member; and provided that distributions shall only be made to the extent that, after giving effect to a distribution, the assets of the Company are in excess of all liabilities of the Company except liabilities to Members on account of their Capital Contributions.
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Optional Distributions. To the extent that funds of the Company may be available for distribution by the Company in the Board’s good faith judgment, the Board may, but is not obligated (except in the case of a distribution arising from a dissolution or liquidation described in Article XIII) to make distributions from time to time in respect of the Units, but only in the following order: (i) first, to the Class A Unitholders (pro rata among them according to their respective aggregate Unreturned Class A Capital of thir Class A Units immediately before such distribution relative to the aggregate Unreturned Class A Capital of all Class A Units outstanding immediately before such distribution) until the aggregate amount of Unreturned Class A Capital with respect to all Class A Units is reduced to zero, (ii) second, after the distributions required by Section 4.1(a)(i) have been made, to the Class B Unitholders and Class C Unitholders (pro rata among them according to the number of Class B Units and Participating Class C-l Units held by them immediately before such distribution) until the Multiple of Money Target One is achieved, (iii) third, after the Multiple of Money Target One has been achieved and the distributions required by this Section 4.1(a) through Section 4.1(a)(ii) have been made, to the Class C-2 Unitholders (pro rata among them according to the number of Class C-2 Units that vested upon achievement of the Multiple of Money Target One and are held by them immediately before such distribution) until each Class C-2 Unit that vested upon achievement of the Multiple of Money Target One receives an amount pursuant to this Section 4.1(a)(iii) equal to the amount distributed in respect of a Class B Unit pursuant to Section 4.1(a)(ii), (iv) fourth, after the distributions required by this Section 4.1(a) through Section 4.l(a)(iii) have been made, to the Class B Unitholders and Class C Unitholders (pro rata among them according to the number of Class B Units, Participating Class C-l Units and vested Class C-2 Units that vested upon achievement of the Multiple of Money Target One held by them immediately before such distribution) until the Multiple of Money Target Two is achieved, (v) fifth, after the Multiple of Money Target Two has been achieved and the distributions required by this Section 4.1(a) through Section 4.1(a)(iv) have been made, to the Class C-2 Unitholders (pro rata among them according to the number of Class C-2 Units that vested upon achievement of the Multiple of...
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Optional Distributions. After providing for the satisfaction of all the debts and obligations of the Partnership and after any required payments on any loan or other financing, the Partnership may, by agreement of the Partners (except as otherwise required in this Agreement), make distributions of all or any portion of the Net Cash Flow of the Partnership or net proceeds from any Interim Capital Transaction, to the extent available (after establishment of appropriate and reasonable reserves), to the Partners in the following manner and order of priority: (a) first, an amount up to the aggregate balance of the Optional Loan Accounts of the Partners shall be distributed to the Partners first to make the Optional Loan Accounts of the Partners stand in the same ratio as their respective Percentage Interests in the Partnership, and then, in proportion to their respective shares of such aggregate additional balance, if any, of the Optional Loan Accounts of the Partners; and (b) any remaining Net Cash Flow of the Partnership which is approved by the Partners for distribution shall be distributed to the Partners in accordance with their respective Percentage Interests in the Partnership.
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Optional Distributions. 1Subject to the restrictions governing distributions under the Limited Liability Company Act of the State of New Hampshire, additional distributions of cash or property may be made from time to time by the Company to the Members, at such times and in such amounts as the Members may determine.
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Optional Distributions. Subject to Sections 4.2 and 6.3, Distributable Cash shall be distributed to the Members in proportion to their respective Percentage Interests quarterly in arrears, provided that the Company shall not be required to make any distribution to any Member if such distribution would violate the Act or other applicable law.
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Optional Distributions. The Company may make optional cash distributions to the Members when, as and if determined by the Management Board and all distributions under this Section 9.4 shall be made among the Members in proportion to their Percentage Interests. Assets or cash available for distribution in connection with the termination and winding up of the Company shall be distributed in accordance with the provisions of Section 11.2. ARTICLE X
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Related to Optional Distributions

  • Special Distributions In case the Company shall fix a record date for the making of a distribution to all holders of shares of Common Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the surviving corporation) or evidences of indebtedness or assets (other than dividends and distributions referred to in Sections 4(c) and 4(d) above and other than cash dividends) or of subscription rights, options, warrants, or exchangeable or convertible securities containing the right to subscribe for or purchase shares of any class of equity securities of the Company (excluding those referred to in Section 4(e) above), the Warrant Price to be in effect on and after such record date shall be adjusted by multiplying the Warrant Price in effect immediately prior to such record date by a fraction (i) the numerator of which shall be the fair market value per share of Common Stock on such record date, less the fair value (as determined by the Board of Directors of the Company in good faith as set forth in a duly adopted board resolution certified by the Company's Secretary or Assistant Secretary) of the portion of the assets or evidences of indebtedness so to be distributed or of such subscription rights, options, warrants, or exchangeable or convertible securities applicable to one (1) share of the Common Stock outstanding as of such record date, and (ii) the denominator of which shall be such fair market value per share of Common Stock. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Warrant Price shall again be adjusted to be the Warrant Price which would then be in effect if such record date had not been fixed, but such subsequent adjustment shall not affect the number of Warrant Shares issued upon any exercise of this Warrant prior to the date such subsequent adjustment was made.

  • Final Distributions Upon the winding up of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

  • Special Distribution If and whenever the Company shall issue or distribute to all or substantially all the holders of Common Stock: (i) shares of the Company of any class, other than Common Stock; (ii) rights, options or warrants; or (iii) any other assets (excluding cash dividends and equivalent dividends in shares paid in lieu of cash dividends in the ordinary course); and if such issuance or distribution does not constitute a Share Reorganization or a Rights Offering (any such event being herein called a "Special Distribution"), then in each such case the applicable Fixed Price shall be adjusted, effective immediately after the record date at which the holders of Common Stock are determined for purposes of the Special Distribution, by multiplying the applicable Fixed Price in effect on such record date by a fraction of which: (i) the numerator shall be the difference between: (A) the product of the number of shares of Common Stock outstanding on such record date and the Market Price of the Common Stock on such date; and (B) the fair market value, as determined by the Directors (whose determination shall be conclusive), to the holders of Common Stock of the shares, rights, options, warrants, evidences of indebtedness or other assets issued or distributed in the Special Distribution (net of any consideration paid therefor by the holders of Common Stock), and (ii) the denominator shall be the product of the number of shares of Common Stock outstanding on such record date and the Market Price of the Common Stock on such date.

  • Final Distribution The Issuer shall give the Indenture Trustee at least 30 days written notice of the Payment Date on which the Noteholders of any Series, Class or Tranche may surrender their Notes for payment of the final distribution on and cancellation of such Notes. Not later than the fifth day of the month in which the final distribution in respect of such Series, Class or Tranche is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such Series, Class or Tranche specifying (i) the date upon which final payment of such Series, Class or Tranche will be made upon presentation and surrender of Notes of such Series, Class or Tranche at the office or offices therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Notes at the office or offices therein specified (which, in the case of Bearer Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. (a) Notwithstanding a final distribution to the Noteholders of any Series, Class or Tranche of Notes (or the termination of the Issuer), except as otherwise provided in this paragraph, all funds then on deposit in any Issuer Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the Paying Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date specified in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto (which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any Supplemental Issuer Accounts held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuer any monies held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Issuer, Noteholders entitled to the money must look to the Issuer for payment as general creditors unless an applicable abandoned property law designates another Person.

  • Qualified Distributions Qualified distributions from your ▇▇▇▇ ▇▇▇ (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any ▇▇▇▇ ▇▇▇ (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your ▇▇▇▇ ▇▇▇ for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.