Receipt of Distributions Sample Clauses

Receipt of Distributions. The Members shall be entitled to receive distributions hereunder by wire transfer to the account specified in writing by the applicable Member to the Company. In each case, the account must be specified in writing not later than the Record Date for the applicable Payment Date on which wire transfers will commence.
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Receipt of Distributions. Lenders shall have the exclusive right to receive all distributions made with respect to the Pledged Stock. Lenders shall apply cash distributions to payment of the Secured Indebtedness and hold all other types of property distributed for sale pursuant to the Uniform Commercial Code as adopted in Tennessee as proceeds of the Pledged Stock. Lenders' right to receive such distributions shall be further evidenced by the Irrevocable Proxy executed in connection with this Agreement.
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Receipt of Distributions. After the execution of this Agreement and prior to the Option Closing relating to the Section Option, if Securityholder receives any cash, securities, interest or other property or proceeds with respect to the Option Securities (whether as dividends payable with respect to the Preferred Stock or otherwise), such cash, securities, interest, property and proceeds shall become a part of the assets included in the Option Securities.
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Receipt of Distributions. After the First Closing Date (in the case of the Purchased Assets), the First Option Closing Date (in the case of the First Option Securities) and the Second Option Closing Date (in the case of the Second Option Securities), if Securityholder receives any cash, securities, interest or other property or proceeds with respect to the Purchased Assets, the First Option Securities or the Second Option Securities (as applicable), Securityholder shall hold such cash, securities, interest, property and proceeds for the sole and exclusive benefit of Sprint or its designee free of any interest of Securityholder therein, and Securityholder shall promptly pay and/or deliver any such case, securities, interest, property and proceeds, in full, to Sprint or Sprint's designee in the same or equivalent form received (with the endorsement of Securityholder when necessary or appropriate).
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Receipt of Distributions. If the CO3 Partnership declares and makes a distribution to its partners prior to the Transfer of the shares of WCC by TDS to USCC pursuant to this Agreement, then USCC agrees, on behalf of itself and any of its affiliates, to cause WCCCLP to declare and make a distribution to its partners in the full amount of the distribution received from the CO3 Partnership, and, thereafter to cause WCC to declare and pay a dividend to its shareholders in the full amount of the distribution received from WCCCLP.
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Receipt of Distributions. Following the occurrence and during the continuance of a Default, the Bank may collect and receive, and at its option apply to the Indebtedness, any distribution in cash or otherwise payable with respect to any Collateral and may at any time, demand, xxx for, receive and collect any moneys or money damages which may otherwise be or become payable under or on account of such Collateral;
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Receipt of Distributions. 21 SECTION 8.4. EXCESS PAYMENTS...........................................................................21 SECTION 8.5. ALLOCATIONS...............................................................................21 SECTION 8.6.
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Receipt of Distributions. CIT shall have the exclusive right to receive all distributions made with respect to the Pledged Securities. CIT shall apply cash distributions to payment of the Secured Indebtedness. CIT's right to receive such distributions shall be further evidenced by the Irrevocable Proxy incorporated into this agreement above.
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Related to Receipt of Distributions

  • Payment of Distributions Subject to the rights of holders of Parity Preferred Units and any holders of Partnership Interests issued after the date of issuance of the Series A Preferred Units in accordance herewith ranking senior to the Series A Preferred Units as to the payment of distributions, holders of Series A Preferred Units shall be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash and Capital Transaction Proceeds, cumulative preferential cash distributions at the rate per annum of 8.125% of the original Capital Contribution per Series A Preferred Unit. Such distributions shall be cumulative, shall accrue from the original date of issuance and will be payable (A) quarterly in arrears, on or before March 31, June 30, September 30 and December 31 of each year commencing on June 30, 1998 and, (B), in the event of (i) an exchange of Series A Preferred Units into Series A Preferred Stock, or (ii) a redemption of Series A Preferred Units, on the exchange date or redemption date, as applicable (each a "Preferred Unit Distribution Payment Date"). The amount of the distribution payable for any period will be computed on the basis of a 360-day year of twelve 30-day months and for any period shorter than a full quarterly period for which distributions are computed, the amount of the distribution payable will be computed on the basis of the actual number of days elapsed in such a 30-day month. If any date on which distributions are to be made on the Series A Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on June 30, 1998 and thereafter on the Series A Preferred Units will be made to the holders of record of the Series A Preferred Units on the relevant record dates to be fixed by the Partnership acting through the General Partner, which record dates shall be not less than ten (10) days and not more than thirty (30) Business Days prior to the relevant Preferred Unit Distribution Payment Date (the "Preferred Unit Partnership Record Date").

  • Time of Distribution Cash available for distribution shall be determined by the Managing General Partner. The Managing General Partner shall distribute, in its discretion, such cash deemed available for distribution, but such distributions shall be made not less frequently than quarterly.

  • Timing of Distributions (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Managing Member shall pay distributions to the Members associated with such Series pursuant to Section 7.1, at such times as the Managing Member shall reasonably determine, and pursuant to Section 7.2, as soon as reasonably practicable after the relevant amounts have been received by the Series; provided that, the Managing Member shall not be obliged to make any distribution pursuant to this Section (i) unless there are sufficient amounts available for such distribution or (ii) which, in the reasonable opinion of the Managing Member, would or might leave the Company or such Series with insufficient funds to meet any future contemplated obligations or contingencies including to meet any Operating Expenses and outstanding Operating Expenses Reimbursement Obligations (and the Managing Member is hereby authorized to retain any amounts within the Company to create a reserve to meet any such obligations or contingencies), or which otherwise may result in the Company or such Series having unreasonably small capital for the Company or such Series to continue its business as a going concern. Subject to the terms of any Series Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Interests of the applicable Series), distributions shall be paid to the holders of the Interests of a Series on an equal per Interest basis as of the Record Date selected by the Managing Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in any Series if such distribution would violate the Delaware Act or other applicable law.

  • Return of Distributions In accordance with the Act and the laws of the State of Delaware, a Member may, under certain circumstances, be required to return amounts previously distributed to such Member. It is the intent of the Members that no distribution to any Member pursuant to ARTICLE IV shall be deemed a return of money or other property paid or distributed in violation of the Act. The payment of any such money or distribution of any such property to a Member shall be deemed to be a compromise within the meaning of Section 18-502(b) of the Act, and, to the fullest extent permitted by law, any Member receiving any such money or property shall not be required to return any such money or property to the Company or any other Person. However, if any court of competent jurisdiction holds that, notwithstanding the provisions of this Agreement, any Member is obligated to make any such payment, such obligation shall be the obligation of such Member and not of any other Member.

  • Taxation of Distributions The taxation of Xxxx XXX distributions depends on whether the distribution is a qualified distribution or a nonqualified distribution.

  • Priorities of Distributions Section 5.03

  • Form of Distribution No Member has the right to demand and receive any distribution from the Company in any form other than money. No Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members except on the dissolution and winding up of the Company.

  • Requirement and Characterization of Distributions; Distributions to Record Holders (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on September 30, 2005, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners as of the Record Date selected by the General Partner. All amounts of Available Cash distributed by the Partnership on any date from any source shall be deemed to be Operating Surplus until the sum of all amounts of Available Cash theretofore distributed by the Partnership to the Partners pursuant to Section 6.4 equals the Operating Surplus from the Closing Date through the close of the immediately preceding Quarter. Any remaining amounts of Available Cash distributed by the Partnership on such date shall, except as otherwise provided in Section 6.5, be deemed to be “Capital Surplus.” All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

  • Priority of Distributions On each Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of the Indenture and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:

  • 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.

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