First Distribution. Settlement Awards shall be paid by electronic deposit or check. Within forty-five (45) days after the Effective Date, the Claims Administrator shall send payment to each claiming Settlement Class Member eligible to receive payment. The amount of each payment shall be the amount of the funds available for distribution divided by the number of Settlement Class Members to whom payments are being directed. The payment shall be made, at the option of the class member, either by electronic deposit or by check sent by first-class mail. The Claims Administrator will perform skip tracing and re-mailing as reasonably necessary. Checks will be valid for 120 days from the date on the check. The amounts of any checks that are returned as undeliverable or that remain uncashed more than 120 days after the date on the check will be included as part of the Second Distribution (as defined below).
First Distribution. Subject to Section 5.1 above, the first distribution to be paid for each Series C Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter to which such First Distribution Period corresponds. After the declaration and payment of the First Distribution Payment, Series C Units shall pay a distribution equal to the Preferential Distribution, to the extent provided herein. "First Distribution Period" shall mean that period of time that commences on the day after the closing of the MeriStar Merger and shall end on and include the last day of the calendar quarter in which such closing occurred.
First Distribution. The Department shall initially distribute to the City sixty percent (60%) of the Apportionment, less three percent (3%) of the Apportionment set aside for the emergency fund below. This initial amount is $233,327.00.
First Distribution a. The Settlement Administrator shall calculate the First Distribution to Class Members as follows:
First Distribution. Subject to Section 3.1, the first distribution to be paid for each Class C OP Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution (subject to adjustment in the event of a Reclassification) multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter to which such First Distribution Period corresponds. After the declaration and payment of the First Distribution Payment, Class C OP Units shall pay a dividend equal to the Preferential Distribution, to the extent provided herein. "First Distribution Period" shall mean that period of time that commences on and includes the day of issuance of such Class C OP Unit and shall end on and include the last day of the calendar quarter in which such issuance occurred.
First Distribution. 13 SECTION 5.3 AMOUNTS WITHHELD......................................... 13 SECTION 5.4
First Distribution. The first distribution of FEFP funds to the School each fiscal year shall be contingent on the following: Final facility inspection and approval, including the provision of a signed lease agreement, and The Sponsor's receipt from the School of valid student registration forms, to include the students name, parent/guardian's name and signature, address, telephone number and age of student, and Proof of employment, including contracts for sufficient employees to support the student enrollment described In the School's charter application.
First Distribution. The first monetary distribution to the Settlement Class Members under this Settlement Agreement, scheduled for thirty (30) days after the Court grants Final Approval of the Settlement Agreement.
First Distribution. 13 GAAP...........................................................................8
First Distribution. Immediately following the consummation of the transactions described in Section 2.5(a), Xxxxxxxx-Xxxxx shall cause KCGS to transfer to Xxxxxxxx-Xxxxx, as a dividend, all of KCGS’ right, title and interest in and to the capital stock of NP Sales.
