Property Distribution Sample Clauses

Property Distribution. Whenever the distribution provided --------------------- for in this Section 3 shall be payable in property other than cash, its value will be deemed its fair market value, as determined in good faith by the Board of Directors of this corporation. Any securities shall be valued as follows:
Sample 1
AutoNDA by SimpleDocs
Property Distribution. With respect to each type or class of non-cash --------------------- property held in the Trust on or after Executive's date of Employment termination, Executive shall have the right to elect in writing to receive the distribution of all or part of such property. To the extent that Executive has not so elected to receive distribution of all or part of such property by the 30th day immediately following his date of Employment termination, all such property shall be liquidated by the Trustee and the cash liquidation amount thereof shall be distributed in accordance with this Section 3.01.
Sample 1
Property Distribution. SF III-Broadway, LLC, a Delaware limited liability company, KCI-Broadway, LLC, a Delaware limited liability company, SDM-Broadway, LLC, a Delaware limited liability company, Belmont-Broadway, LLC, a Delaware limited liability company, Xxxxx-Xxxxxx-Broadway, LLC, a Delaware limited liability company, Italian Pavillions-Broadway, LLC, a Delaware limited liability company, and Kasun-Broadway, LLC, a Delaware limited liability company (each a "Co-Tenant", and together with 000 Xxxx Xxxxxxxx, LLC, the "Co-Tenants"), are parties to this Agreement because (i) Seller is in the process of distributing an undivided interest to each of the Co-Tenants, as set forth in Section 20 hereof, and (ii) to the extent, prior to the Closing, each Co-Tenant actually receives an interest in the Property in accordance with such distribution, such Co-Tenant will be a record owner of the Property together with 000 Xxxx Xxxxxxxx, LLC (with respect to any retained interest in the Property).
Sample 1
Property Distribution. Further, the parties intend that in the event they dissolve their Domestic Partnership, neither will make any claim, to any property that the other owns other than as set forth in this Agreement. The parties intend that in the event of dissolution of the domestic partnership, any property acquired with joint assets shall be divided equally between them.
Sample 1
Property Distribution. On the Distribution Date and subject to the Distribution Conditions, the Partnership desires to distribute the Property to HACLA LLC, and HACLA LLC desires to accept the Property. The distribution of the Property will be completed through an escrow (“Escrow”) to be opened with Fidelity National Title Insurance Company (“Title Company or "Escrow Agent”).
Sample 1

Related to Property Distribution

  • Primary Distribution Discount Notes shall be issued and settled through the Fed Book-Entry System in same-day funds and shall be held by designated Fed Participants. After initial issue, all Discount Notes shall continue to be held by such Fed Participants in the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Fed Participants. Discount Notes shall not be exchangeable for definitive Discount Notes.

  • 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.

  • Unbundled Sub-Loop Distribution Intrabuilding Network Cable (USLD-INC) is the distribution facility owned or controlled by BellSouth inside a building or between buildings on the same property that is not separated by a public street or road. USLD-INC includes the facility from the cross connect device in the building equipment room up to and including the point of demarcation at the End User’s premises.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Early Distribution Penalty Tax If you receive a Traditional IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • 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.

  • Overtime Distribution The Employer and the Union will discuss Departmental or agency specific overtime distribution policies at the Departmental or agency level. The Employer agrees to follow its existing overtime distribution policies until changed as a result of Employer/Union negotiation.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in Schedule A (attached) are formally approved as actual costs for the 2012-13 fiscal year and as estimated costs for the 2014-15 fiscal year on a "fixed with carry-forward" basis. These costs may be included as part of the costs of the county departments indicated effective July 1, 2014, for further allocation to federal grants and contracts performed by the respective county departments.

  • 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.

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