Accounts and Distributions Sample Clauses

Accounts and Distributions. Section 4.01
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Accounts and Distributions. For a given Series of Trust, the Depositor on behalf of the Trust shall establish such accounts with the Custodian as it deems necessary for the debit and credit of the Series of Trust’s assets, the distribution and/or reserve thereof, in kind or in cash to the related Unitholders, Trust Agents/Independent Contractors and other relevant parties. For a given Series of Trust, the Depositor on behalf of the Trust is authorized to borrow monies therefor.
Sample 1Sample 2
Accounts and Distributions. The partnership agreement contains customary provisions regarding the partners' capital accounts, the allocation of profits and losses and distributions to the partners. The Partnership will make distributions to the partners so they may pay any taxes they incur in connection with their proportionate share of the results of operations of the Partnership. As the partner responsible for tax matters, Travelocity Holdings, Inc. makes tax elections for the Partnership and causes the Partnership to prepare tax returns. The partnership agreement provides that Travelocity must contribute to the Partnership the tax benefit that Travelocity realizes from the utilization of net operating loss carryforwards acquired from Preview Travel in the Preview Merger. As a result, the partners share the benefit associated with Preview Travel's losses in proportion to their ownership of the Partnership. In addition, the partnership agreement provides that Travelocity must make contributions to the Partnership if Travelocity receives tax benefits attributable to its share of the Partnership's losses. CERTAIN RELATED PARTY TRANSACTIONS In connection with the Preview Merger, Travelocity, the Partnership, Sabre and certain of Sabre's affiliates entered into various agreements governing the operations of the Partnership, the management of the day-to-day affairs of the Partnership by employees of Travelocity Holdings, Inc., the contributions of the assets and liabilities of the Travelocity business unit and Preview Travel to the Partnership and other agreements related to the separation of the Travelocity business unit from Sabre. These agreements are, from time to time, amended, supplemented or modified by the parties thereto and approved by the governance committee of Travelocity's Board of Directors, which committee oversees and advises on the policies, practices and procedures relating to the business and financial relationship between Sabre and Travelocity (the "Governance Committee"). These agreements are described below. NONCOMPETITION AGREEMENT. Sabre, Sabre Inc., Travelocity and the Partnership entered into a noncompetition agreement which generally prohibits Sabre and Sabre Inc., subject to certain exceptions, from competing with Travelocity in the consumer-direct real-time travel reservations, service and content business through the internet until March 7, 2002. In addition, Sabre and Sabre Inc. are prohibited during this period of time from owning 20% or more of the stock...
Sample 1
Accounts and Distributions. Section 4.1 The Certificate Account; Collections on the Asset Certificates..................... 40 Section 4.2 Distributions...................................................................... 41 Section 4.3 Calculation of One-Month LIBOR..................................................... 46 Section 4.4
Sample 1
Accounts and Distributions. Section 4.1 The Certificate Account; Collections on the Asset ------------------------------------------------- Certificates. -------------
Sample 1
Accounts and Distributions 
Sample 1Sample 2Sample 3See All (9)

Related to Accounts and Distributions

  • Payments and Distributions (a) On or immediately after the fifteenth the day of each month, the Trustee shall satisfy itself as to the adequacy of the Reserve Account, making any further credits thereto as may appear appropriate in accordance with Section 3.05 and shall then with respect to each Trust:

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Profit Loss and Distributions 4.1 Distributions of Cash Flow and Allocations of Profit or Loss Other than Capital Transactions.

  • Accounts and Disbursements The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only:

  • Management and Distribution Section 8. The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services with any corporation, trust, association or other organization (the "Manager"), every such contract to comply with such requirements and restrictions as may be set forth in the Bylaws; and any such contract may provide for one or more sub-advisers or other agents who shall perform all or part of the obligations of the Manager under such contract and contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold, or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested and to make changes in the Trust's investments. The Trustees may also, at any time and from time to time, contract with the Manager or any other corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the Bylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine. The fact that:

  • In-Kind Distributions Subject to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

  • LIQUIDATION AND DISTRIBUTION On or as soon after the Closing Date as is conveniently practicable: (a) the Acquired Fund will distribute in complete liquidation of the Acquired Fund, pro rata to its shareholders of record, determined as of the close of business on the Closing Date (the "Acquired Fund Shareholders"), all of the Acquiring Fund Shares received by the Acquired Fund pursuant to paragraph 1.1; and (b) the Acquired Fund will thereupon proceed to dissolve and terminate as set forth in paragraph 1.8 below. Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of the Acquired Fund Shareholders, and representing the respective pro rata number of Acquiring Fund Shares due such shareholders. All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund. The Acquiring Fund shall not issue certificates representing Acquiring Fund Shares in connection with such transfer. After the Closing Date, the Acquired Fund shall not conduct any business except in connection with its termination.

  • Sales and Distribution It is understood that as between the Parties, the Commercializing Party shall be solely responsible for handling all returns, order processing, invoicing and collection, distribution, and receivables for Licensed Products in the applicable territory and indication.

  • Voting and Distributions (i) So long as no Event of Default shall have occurred and be continuing:

  • Deemed Contribution and Distribution Notwithstanding any other provision of this Article 13, in the event that the Partnership is liquidated within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), but no Liquidating Event has occurred, the Partnership’s Property shall not be liquidated, the Partnership’s liabilities shall not be paid or discharged and the Partnership’s affairs shall not be wound up. Instead, for federal income tax purposes the Partnership shall be deemed to have contributed all of its assets and liabilities to a new partnership in exchange for an interest in the new partnership; and immediately thereafter, distributed Partnership Units to the Partners in the new partnership in accordance with their respective Capital Accounts in liquidation of the Partnership, and the new partnership is deemed to continue the business of the Partnership. Nothing in this Section 13.3 shall be deemed to have constituted a Transfer to an Assignee as a Substituted Limited Partner without compliance with the provisions of Section 11.4 or Section 13.3 hereof.

Time is Money Join Law Insider Premium to draft better contracts faster.