Examples of Pre-Closing Distribution in a sentence
Buyer shall cause the Company to effect the Pre-Closing Distribution in accordance with that certain Written Consent of the Managers, dated as of November 15, 2017.
The Pre-Closing Distribution shall have been paid to Seller by the Partnership.
Without limiting the generality of the foregoing, Rice shall ensure that the Pre-Closing Distribution complies with, and is duly authorized in accordance with, Applicable Laws and each of the applicable Organizational Documents and contracts (including restrictions related to available cash for dividends, required capitalization and fraudulent conveyance) and that, following the distribution, the Vantage Midstream Entities will have no Liability with respect to the Excluded Assets.
For federal income Tax purposes (and, where applicable, state and local income Tax purposes), Buyer, Seller and the Partnership agree to treat the Pre-Closing Distribution to Seller as a distribution from the Partnership to Seller pursuant to Code Section 731.
Immediately prior to the Closing Date, the Partnership shall pay the Pre-Closing Distribution to Seller by wire transfer of immediately available funds to an account designated by Seller in writing.