SHAREHOLDER DISTRIBUTION Clause Samples
The Shareholder Distribution clause outlines the rules and procedures for distributing profits or assets to shareholders of a company. Typically, it specifies how and when distributions are made, such as through dividends or liquidation proceeds, and may set conditions or priorities among different classes of shares. This clause ensures that shareholders receive their entitled share of company earnings in a fair and orderly manner, thereby providing clarity and reducing the risk of disputes over profit allocation.
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SHAREHOLDER DISTRIBUTION. The term "Shareholder Distribution" means any dividend, redemption or other acquisition for value of capital stock now or hereafter outstanding, return of capital or any distribution of assets to any of the Shareholders, including any repayment of debt owed to the Shareholders by Co-Borrowers.
SHAREHOLDER DISTRIBUTION. Prior to or at the Closing, MSI shall distribute Three Hundred Thousand Dollars ($300,000) of its working capital to Seller.
SHAREHOLDER DISTRIBUTION. Target shall declare, and record as a liability of Target, a cash distribution to be paid to the Shareholder in an amount equal to the estimated federal income tax to be paid by the Shareholder, with respect to the earnings and profits of Target, for the period from January 1, 1998 through the Closing Date (the "SHAREHOLDER DISTRIBUTION").
SHAREHOLDER DISTRIBUTION. Not later than ninety (90) days after the Closing Date, Purchasers shall cause the Company to distribute to its shareholders a pro-rata cash dividend to the extent that the Company's cash on hand following closing of the Sale Agreement and after payment of all expenses, current or accrued, related to the transactions provided herein and in the Sale Agreement exceeds $1,250,000, but excluding cash to be derived from the sale of the Shares and Warrants to the Purchasers herein; provided such dividend is at least $.15 per share to all of the Company's shareholders.
SHAREHOLDER DISTRIBUTION. The divestiture by SLC of the shares of Capital Stock of the Borrower owned by SLC, which divestiture may be effected by SLC as a dividend, an exchange with existing SLC stockholders for shares of SLC capital stock, a spin-off or otherwise, as a result of which SLC is no longer required to consolidate the Borrower's results of operations and financial position (determined in accordance with GAAP).
SHAREHOLDER DISTRIBUTION. Shareholder agrees to distribute to its ------------------------ shareholders, within five business days after the execution of the Agreement, Shareholder's press release as approved by InterCept along with a cover letter acceptable to InterCept, if Shareholder desires to use a cover letter.