Periodic Distributions. Whenever (and to the extent) the Trust receives any cash payments representing a Dividend or redemption payment on the Company Preferred Securities, or payments from the Bank pursuant to the Subordinated Guarantee in respect of such Dividend or redemption payment, the Trustee acting directly or through any Paying Agent shall distribute such amounts to Holders of the Trust Preferred Securities on the record date fixed pursuant to Section 5.04, in proportion to the respective liquidation amount of Trust Preferred Securities held by such Holders.
Periodic Distributions. 14 Section 5.02. Redemptions of Company Preferred Securities....................... 14 Section 5.03. Distributions in Liquidation of Grantor........................... 15 Section 5.04. Fixing of Record Date for Holders of the Trust Preferred Securities ..................................................... 16 Section 5.05.
Periodic Distributions. Whenever (and to the extent) the Trust receives any cash payments representing a [Dividend][Interest Payment][other payment] or redemption on the [Company Preferred Securities][Subordinated Notes][Eligible Investments], or payments from the Guarantor pursuant to the Subordinated Guarantee, the Trustee acting directly or through any Paying Agent shall distribute such amounts to Holders of the Trust Preferred Securities on the record date fixed pursuant to Section 5.04, in proportion to the respective liquidation amount of Trust Preferred Securities held by such Holders.
Periodic Distributions. The Board of Governors shall authorize periodic Distributions of cash to the Members based on their Percentage Interests as reflected on Schedule A, subject to the adjustments provided in this Article VI, in a total amount equal to the estimated Net Income, if any, for the then current fiscal year to the extent such a Distribution is legally permitted. A final Distribution shall be paid to the Members, subject to the adjustments provided in this Article VI, within ninety (90) days following the end of the fiscal year of the Company based on the actual Net Income for the preceding fiscal year to the extent such a Distribution is legally permitted. The Board may, in its discretion, reduce the amount otherwise distributable to any Member by the amount of a Tax Withholding Obligation attributable to such Member which has not previously reduced a Distribution to such Member.
Periodic Distributions. Except as provided in Section 13.2, the Distributable Cash shall be distributed to the Partners on a calendar quarterly basis. All distributions to the Partners pursuant to this Section 5.2 shall be divided among them in proportion to the number of Units held by each as of the first day of the month during which the distribution occurs.
Periodic Distributions. If the Participant's Account is distributed as an Annuity Contract, the Plan Administrator must direct the Trustee to purchase a contract that complies with the requirements of the Plan, including the minimum distribution requirements determined under subsection (f) below. If the Participant's Account is distributed in installment payments, the Plan Administrator must direct the Trustee as to when to make each distribution and the amount of each distribution taking into Account the rules in subsection (f) below.
Periodic Distributions. 16 ---------------------- SECTION 5.3 ESTIMATED TAXES........................................ 16 --------------- SECTION 5.4 AMOUNTS WITHHELD....................................... 16 ----------------
Periodic Distributions. Upon the surrender, cancellation, extinguishment or conversion of any Convertible Securities, there shall be released from the Secondary Escrow (i) to the Buyer an amount equal to any payment made to the holder of such Convertible Securities in connection with such surrender, cancellation, extinguishment or conversion (each such payment, a "Settlement Payment"), and (ii) to the Direct Holder an amount, if any, by the which product of (x) the aggregate number of shares issuable upon exercise or conversion of such Convertible Securities and (y) $1.80 (such product, the "Permitted Amount") exceeds the Settlement Payment made in respect of such Convertible Securities. In the event that the Settlement Payment made in respect of such Convertible Securities exceeds the Permitted Amount, the Escrow Agent shall, notwithstanding the deductible provided for in Section 8.3, release to the Buyer from the Primary Escrow Fund, or to the extent such escrow is insufficient, from the Tertiary Escrow Fund, an amount equal to the amount of such excess.
Periodic Distributions. Subject to any agreements between the applicable BOPC Group Member and any Co-Owner or mortgagee of a Property, the Manager shall distribute to the Trust, or as the Trust directs, on or before the 15th day of each month (or if such day is not a Business Day, then on the next following Business Day), all funds in the Properties Accounts at the time of such distribution less (i) any fees, expenses or other amounts which are then due and payable to the Manager under this Agreement, (ii) reasonable reserves for any costs and expenses to be paid in accordance with the Approved Budget or which have otherwise been Approved, and (iii) a reasonable contingency reserve established at the discretion of the Manager.
Periodic Distributions. Subject to the provisions of Article VI hereof, the Joint Venturers shall cause the Joint Venture to (x) pay all Booking and Management Fees to the Joint Venturers on an annual basis within sixty (60) days following the end of each Fiscal Period, and (y) make distributions of available cash to the Joint Venturers in proportion to their respective Percentage Interests as and when determined by the Joint Venturers (but in no event less frequently than annually).
