Partial Distribution Clause Samples
The Partial Distribution clause allows for the distribution of certain assets, funds, or benefits before the final settlement or conclusion of a process, such as the administration of an estate or the completion of a trust. In practice, this means that beneficiaries may receive a portion of their entitlement while other matters, like outstanding debts or unresolved claims, are still being addressed. This clause helps provide beneficiaries with timely access to resources and alleviates potential financial hardship during lengthy administrative periods.
Partial Distribution. If any Dispute Notice includes an objection to only a portion of an Indemnification Claim, the Agent shall pay Parent an aggregate amount equal to the aggregate amount of the Indemnification Claim not subject to the Dispute Notice from the Indemnity Escrow Account and the Indemnity Escrow Amount Balance shall be reduced by such payment.
Partial Distribution. If any Dispute Notice includes an objection to only a portion of an Indemnification Claim, the Escrow Agent shall promptly distribute to Buyer from the Escrow Account Escrowed Shares having a Face Value equal to that portion of the Indemnification Claim for which there is no objection, as specified in writing by Buyer; provided, that no such partial release by the Escrow Agent shall terminate or otherwise prejudice any rights of Buyer with respect to amounts claimed in any Indemnification Notice which are in excess of the amounts so released.
Partial Distribution. If any Dispute Notice includes an objection to only a portion of a Notice, the Escrow Agent shall promptly distribute from the Escrow Account Stock Certificates (along with appropriate Stock Powers) and/or Escrowed Cash equal to the portion to which no objection is raised; provided, that no such partial release by the Escrow Agent shall terminate or otherwise prejudice any rights of either party with respect to amounts claimed in any Notice which are in excess of the amounts so released.
Partial Distribution in a distribution of such portion of the Vested Total Account as the Participant may request.
Partial Distribution a distribution of such portion of the Beneficiary’s Account as the Beneficiary may request.
Partial Distribution. If any Indemnification Dispute Notice includes an objection to only a portion of an Indemnification Claim, the Escrow Agent shall promptly distribute to Cumulus Broadcasting a number of Escrowed Shares equal to (A) that portion of the Indemnification Claim for which there is no objection, divided by (B) $17.382; provided that no such partial release by the Escrow Agent shall terminate or otherwise prejudice any rights of Cumulus Broadcasting with respect to amounts claimed in any Indemnification Notice which are in excess of the amounts so released.
Partial Distribution. If any Dispute Notice includes an objection to only a portion of an Indemnification Claim, the Escrow Agent shall promptly distribute to Buyer from the appropriate Sub-Account(s) that number of Escrow Shares having a value equal to that portion of the Indemnification Claim for which there is no objection; provided that no such partial release by the Escrow Agent shall terminate or otherwise prejudice any rights of Buyer with respect to amounts claimed in any Indemnification Notice which are in excess of the amounts so released. If the Indemnification Claim is a Several Claim against a specific Selling Shareholder, the distribution may be made only from such Selling Shareholder’s Sub-Account. If the Indemnification Claim is a Joint Claim against all Selling Shareholders, the appropriate amount shall be distributed from each Selling Shareholder’s Sub-Account pursuant to Section 3.4 below.