Residual Distribution definition

Residual Distribution means amounts to be distributed to Owner pursuant to Section 10.2.

Residual Distribution means the distribution by the Company to the stockholders of the Company of (a) all proceeds from the Second Asset Sale and (b) all other amounts held by the Company in excess of the amount necessary for the Company to maintain its existence, cumulatively in one or more distributions.

Residual Distribution shall have the meaning ascribed to such term in Section 10.4(d)(i).

Examples of Residual Distribution in a sentence

• Additionally, the Class R Certificates are entitled to Excess Liquidation Proceeds and the Residual Distribution Amount as defined in the Pooling Agreement.

• Rather than submit a claim for out-of-pocket expenses, Class Members have the option of registering for a Residual Distribution of up to $250 from the Settlement Fund.

• The funds on deposit in the Residual Distribution Account shall remain uninvested.

• All of the right, title and interest of the Trust Agent in all funds on deposit from time to time in the Residual Distribution Account and in all proceeds thereof shall be held for the benefit of the Owners and such other persons entitled to distributions therefrom.

• Except as otherwise expressly provided herein, the Residual Distribution Account shall be under the sole dominion and control of the Trust Agent, as agent of the Owner Trustee, for the benefit of the Owners.

• Additionally the Class R Certificates are entitled to Excess Liquidation Proceeds and the Residual Distribution Amount as defined in the Pooling Agreement.

• The Paying Agent shall have the revocable power to withdraw funds from the Residual Distribution Account for the purpose of making the distributions referred to above.

• The Paying Agent shall make distributions to Owners from the Residual Distribution Account pursuant to Section 5.02 hereof and shall report the amounts of such distributions to the Owner Trustee.

• Funds shall be deposited in the Residual Distribution Account as provided in Section 4.04(b) of the Sale and Servicing Agreement.

• Any funds that remain at the end of the last settlement program year after the Residual Distribution, if any, is made, shall, unless it is administratively unfeasible, be distributed on a per capita basis to Class Members who: (a) previously submitted claims that were paid; (b) previously submitted claims that were rejected and have not received any prior claims payments; or (c) registered for a residual payment only.

More Definitions of Residual Distribution

Residual Distribution means the distribution process for remaining funds, as discussed in Section III.C of this Agreement.

Residual Distribution means the amount payable to the Residual Holder pursuant to Section 8.3 of the Owner Trust Agreement.

Residual Distribution has the meaning set forth in Article 3.4.

Residual Distribution means the number of shares of Purchaser Common Stock obtained by dividing (i) the Total Merger Shares, less the Total First Tier Distribution, less the Total Second Tier Distribution, less the Total Third Tier Distribution, by (ii) the Total Company Stock Number, less the Total Series A Preferred Number, less the Total Series B Preferred Number.

Residual Distribution has the meaning set forth in Section 8.6(d)(i).