Securityholder Payments Sample Clauses
The Securityholder Payments clause outlines the terms and conditions under which payments are made to holders of securities, such as shareholders or noteholders, in a company or investment vehicle. It typically specifies the timing, method, and priority of distributions, ensuring that payments are made in accordance with the rights attached to each class of security. For example, it may detail how dividends are paid to preferred shareholders before common shareholders, or how proceeds are distributed in the event of liquidation. The core function of this clause is to provide clarity and structure to the payment process, reducing disputes and ensuring that all parties understand when and how they will receive funds.
Securityholder Payments. (a) On each Payment Date, each Noteholder and the Equity Certificateholder as of the related Record Date shall be paid amounts payable on such date pursuant to Section 7.05 below by check mailed to such Noteholder or the Equity Certificateholder at the address for such Noteholder or the Equity Certificateholder appearing on the Note Register or the Certificate Register, or by wire transfer if such Noteholder or the Equity Certificateholder has provided written instructions for such payment method to the Indenture Trustee and Owner Trustee, respectively, at least ten days prior to such Payment Date.
(b) The Indenture Trustee shall serve as the Paying Agent hereunder and shall make the payments to the Noteholders and the Equity Certificateholder required hereunder. The Indenture Trustee hereby agrees that all amounts held by it for payment hereunder will be held in trust for the benefit of the Noteholders and the Equity Certificateholder, as their interests may appear.
Securityholder Payments. (a) On each Payment Date, each Noteholder and the Equity Certificateholder as of the related Record Date shall be paid amounts payable on such date pursuant to Section 7.05 below by check mailed to such Noteholder or the Equity Certificateholder at the address for such Noteholder or the Equity Certificateholder appearing on the Note Register or the Certificate Register, or by wire transfer if such Noteholder or the