Second Quarter Distribution Sample Clauses

Second Quarter Distribution. (a) If, following the Closing, the Company makes a distribution solely in respect of the Company’s second fiscal quarter pursuant to and in accordance with Section 5.4(a)(i) of the LLC Agreement in respect of the Transferred Units (such distribution in respect of the Transferred Units, the “Second Quarter Distribution”), Buyer (or an Affiliate of Buyer) shall promptly following actual receipt of the Second Quarter Distribution (and in no event later than [fifteen (15)] Business Days following such receipt), pay an amount equal to 50% of the Second Quarter Distribution in immediately available funds to Sellers (or an Affiliate of Seller) at a bank account designated by Sellers.
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Second Quarter Distribution. If the Closing is after the record date of the distribution to Unitholders with respect to the quarter ended June 30, 2007 (the “Second Quarter Distribution”), then Eagle Rock and its Board of Directors shall, on the later of its normal payment date (on or about August 15, 2007) and the Closing, take all action necessary to provide that each Purchaser receives a cash payment equal to the same as would otherwise be payable in respect of each Purchased Common Unit if the holders thereof were record holders on the record date for the Second Quarter Distribution.
Sample 1
Second Quarter Distribution. Each Sponsor shall be entitled to receive, and HESM OpCo shall pay to each such Sponsor, any cash distribution payable with respect to the Repurchased Units transferred by such Sponsor hereunder and attributable to the second quarter of 2021 as and when paid to the holders of OpCo Class B Units pursuant to the OpCo Partnership Agreement so long as such Sponsor is the record and beneficial owner of the Repurchased Units as of the Record Date (as defined in the OpCo Partnership Agreement) for such cash distribution.
Sample 1
Second Quarter Distribution. If the Closing is after the record date of the distribution to Unitholders with respect to the quarter ended June 30, 2005 (the “Second Quarter Distribution”), Copano and its Board of Directors shall, on the later of its normal payment date (on or about August 15, 2005) and the Closing, take all action necessary to provide that the Purchasers receive such distribution or a cash payment equal to the same as would otherwise be payable in respect of each Purchased Unit if the holders thereof were record holders on the record date for the Second Quarter Distribution.
Sample 1
Second Quarter Distribution. If the Closing is after the record date of the distribution to Unitholders with respect to the quarter ended June 30, 2006 (the “Second Quarter Distribution”), then the Purchasers shall receive: (i) a discount on the Class B Unit Price equal to of the Second Quarter Distribution and (ii) a discount on the Common Unit Price equal to the Second Quarter Distribution.
Sample 1

Related to Second Quarter Distribution

  • Other Distribution Fee by any Holder of ADS(s), a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) held for the distribution of securities other than ADSs or rights to purchase additional ADSs (e.g., spin-off shares);

  • Quarterly Distributions On the Distribution Payment Date that follows each Distribution Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Tradeable Shares as of the Record Date that preceded such Distribution Payment Date an amount equal to the portion of the Quarterly Distribution received by the Up-MACRO Tradeable Trust on the Up-MACRO Holding Shares it holds on deposit, in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Tradeable Shares on such Record Date.

  • Annual and Quarterly Financial Statements Until the Distribution Date, DSW shall not change its fiscal year and, until the Retail Ventures fiscal year end first occurring after the Distribution Date and thereafter to the extent necessary for the purpose of preparing financial statements or completing a financial statement audit, shall provide to Retail Ventures on a timely basis all Information that Retail Ventures reasonably requires to meet its schedule for the preparation, printing, filing, and public dissemination of Retail Ventures' annual, quarterly and monthly financial statements. Without limiting the generality of the foregoing, DSW will provide all required financial Information with respect to DSW to DSW's Auditors in a sufficient and reasonable time and in sufficient detail to permit DSW's Auditors to take all steps and perform all reviews necessary to provide sufficient assistance to Retail Ventures' Auditors with respect to financial Information to be included or contained in Retail Ventures' annual, quarterly and monthly financial statements. Similarly, Retail Ventures shall provide to DSW on a timely basis all financial Information that DSW reasonably requires to meet its schedule for the preparation, printing, filing, and public dissemination of DSW's annual, quarterly and monthly financial statements. Without limiting the generality of the foregoing, Retail Ventures will provide all required financial Information with respect to Retail Ventures and its Subsidiaries to DSW's Auditors in a sufficient and reasonable time and in sufficient detail to permit DSW's Auditors to take all steps and perform all reviews necessary to provide sufficient assistance to DSW's Auditors with respect to Information to be included or contained in DSW's annual and quarterly financial statements.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Distributions to Shareholders (a) The Trustees shall from time to time distribute ratably among the Shareholders of any class of Shares, or any series of any such class, in accordance with the number of outstanding full and fractional Shares of such class or any series of such class, such proportion of the net profits, surplus (including paid-in surplus), capital, or assets held by the Trustees as they may deem proper or as may otherwise be determined in accordance with this Declaration. Any such distribution may be made in cash or property (including without limitation any type of obligations of the Trust or any assets thereof) or Shares of any class or series or any combination thereof, and the Trustees may distribute ratably among the Shareholders of any class of shares or series of any such class, in accordance with the number of outstanding full and fractional Shares of such class or any series of such class, additional Shares of any class or series in such manner, at such times, and on such terms as the Trustees may deem proper or as may otherwise be determined in accordance with this Declaration.

  • 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.

  • Cash Flow Distributions The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Preferred Distributions For any period and without duplication, all Distributions paid, declared but not yet paid or otherwise due and payable during such period on Preferred Securities issued by the Borrower or any of its Subsidiaries or REIT. Preferred Distributions shall not include dividends or distributions: (a) paid or payable solely in Equity Interests of identical class payable to holders of such class of Equity Interests; (b) paid or payable to the Borrower or any of its Subsidiaries; or (c) constituting or resulting in the redemption of Preferred Securities, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

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