Cash Distribution Policy Sample Clauses

Cash Distribution Policy. The Company shall, and shall cause each of its Intermediate Subsidiaries, the Oaktree Operating Group Members and each of their respective Subsidiaries to, comply with the terms of the Cash Distribution Policy.
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Cash Distribution Policy. (a) Subject to applicable Law and the Consent Rights, the Company shall cause and the Board of Directors and the Company shall take all actions necessary to permit a minimum of 85% of the quarterly Adjusted Distributable Earnings of the Oaktree Operating Group Members, each on an aggregate basis, to be distributed to their respective equity holders within 45 days following the end of the first through third quarters of a calendar year and within 60 days following the end of the fourth quarter of a calendar year. The Company shall promptly cause each intermediate company between the Company and any Oaktree Operating Group Member (each, an “Intermediate Subsidiary”) to distribute all amounts received from any Oaktree Operating Group Member less any taxes and tax receivable obligations of such Intermediate Subsidiary, following which the Company shall promptly distribute all such amounts less any taxes and tax receivable obligations of the Company to the holders of Class A Units.
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Cash Distribution Policy. Except as otherwise provided in Article 9 hereof or as otherwise determined by an Applicable Approval Level, commencing as of the end of the first full calendar quarter after the earlier of (a) the third anniversary of the Public Launch Date and (b) the date on which the mandatory Capital Contributions by all Members in aggregate equal or exceed the Mandatory Capital Contributions Cap, all Cash Available for Distribution (if any), shall be distributed to the Members pursuant to their respective Percentage Interests as of the date of such distribution within thirty (30) days after each calendar quarter to which such Cash Available for Distribution pertains.
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Cash Distribution Policy. Unless otherwise agreed by the Shareholders as a Major Decision, the Company shall distribute to Shareholders not later than 90 days after the end of each financial year any Excess Cash.
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Related to Cash Distribution Policy

  • Cash Distributions Whenever the Depositary receives confirmation from the Custodian of the receipt of any cash dividend or other cash distribution on any Deposited Securities, or receives proceeds from the sale of any Deposited Securities or any other entitlements held in respect of Deposited Securities under the terms hereof, the Depositary will (i) if at the time of receipt thereof any amounts received in a Foreign Currency can in the judgment of the Depositary (pursuant to Section 4.8) be converted on a practicable basis into Dollars transferable to the United States, promptly convert or cause to be converted such cash dividend, distribution or proceeds into Dollars (on the terms described in Section 4.8), (ii) if applicable, establish the ADS Record Date upon the terms described in Section 4.9, and (iii) distribute promptly the amount thus received (net of (a) the applicable fees and charges of, and expenses incurred by, the Depositary and (b) taxes withheld) to the Holders entitled thereto as of the ADS Record Date in proportion to the number of ADSs held as of the ADS Record Date. The Depositary shall distribute only such amount, however, as can be distributed without attributing to any Holder a fraction of one cent, and any balance not so distributed shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of ADSs outstanding at the time of the next distribution. If the Company, the Custodian or the Depositary is required to withhold and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxes, duties or other governmental charges, the amount distributed to Holders on the ADSs representing such Deposited Securities shall be reduced accordingly. Such withheld amounts shall be forwarded by the Company, the Custodian or the Depositary to the relevant governmental authority. Evidence of payment thereof by the Company shall be forwarded by the Company to the Depositary upon request.

  • Vacation Policy The Executive shall be entitled to a paid vacation of four weeks during each year of the Term.

  • Cash Distribution Fee by any Holder of ADSs, a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) held for the distribution of cash dividends or other cash distributions (e.g., upon a sale of rights and other entitlements);

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

  • Custodial Accounts; Distribution Account (a) On or prior to the Closing Date, the Master Servicer shall have caused each Servicer to establish and maintain one or more Custodial Accounts, as provided in the related Purchase and Servicing Agreement, into which all Scheduled Payments and unscheduled payments with respect to the related Mortgage Loans, net of any deductions or reimbursements permitted under the related Purchase and Servicing Agreement, shall be deposited. On each Distribution Account Deposit Date, the Servicers shall remit to the Securities Administrator for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Purchase and Servicing Agreements.

  • Credit and Collection Policy The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contracts.

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