Termination Distribution definition
Examples of Termination Distribution in a sentence
This distribution shall consist of such Unit Holder's pro rata portion of each of the Securities in whole shares based on the number of Units owned as of the Termination Date plus the Unit Holder's pro rata share of the balances in the Income and Principal Accounts distributed to the Distribution Agent as provided in Section 9.03 hereof (herein called the "Termination Distribution").
If the Escrow Agent has not received the Closing Distribution Notice or Termination Distribution Notice on or before November 30, 2003, the Escrow Agent shall promptly disburse all amounts in the Escrow Fund to Lender and to Bayview pro rata based on the percentage of the Escrow Contribution contributed by each.
On receipt of a notice jointly executed by J&J Health and HFC stating that the Asset Purchase Agreement has been terminated (the "Termination Distribution Notice"), the Escrow Agent shall promptly disburse all amounts in the Escrow Fund to Lender and to Bayview pro rata based on the percentage of the Escrow Contribution contributed by each.
The Partnership shall pay interest on unpaid amounts of Special Termination Distribution at a rate equal to six per cent (6.0%) per annum.
The Series 2007-1 Certificates shall be subject to retransfer to the Seller at its option, in accordance with the terms specified in subsection 12.2(a) of the Agreement, on any Distribution Date on or after the Distribution Date on which the Series Investor Interest is less than or equal to 10% of the Series Investor Interest on the Funding Period Termination Distribution Date (after giving effect to any increase in the Series Investor Interest on such date).
The Seller may on any Distribution Date on or after the Funding Period Termination Distribution Date, upon five Business Days’ prior written notice to the Trustee, purchase Series 2007-1 Certificates on the secondary market and request the Trustee to cancel such Series 2007-1 Certificates purchased by the Seller on such Distribution Date.
Further, in connection with the termination of Executive's services pursuant to this Section 4(b)(i), Executive shall be entitled to receive the Normal Termination Distribution (defined in Section 4(a)(i)), payable within 30 days of the effective date of termination.
If the Partnership makes such an election, the Partnership will deliver cash (computed to the nearest cent) in an amount equal to such number of Class A Units in respect of which the Partnership has made this election multiplied by the Acquisition Termination Market Value; and (B) the Partnership may elect to deliver Class A Units in lieu of paying cash for some or all of the Acquisition Termination Distribution Amount.
Except as provided in clause (1), above, the amount of the lump sum payable with respect to a Participant shall be the actuarial equivalent present value (determined using the IRS Interest Rate and the IRS Mortality Table) of the Participant’s accrued benefit when expressed as a single life annuity commencing on the Participant’s Normal Retirement Date (or, if later, the Termination Distribution Date).
Termination; Distribution of Escrow Property Upon the release of all the Escrow Property in accordance with Section 3 hereof, this Agreement will terminate.