Distribution Conditions. The balance in each partici-pant's elective account shall be fully vested at all times and shall not be subject to forfeiture for any reason. Amounts held in the participant's elective account may not be distributable prior to the earlier of,
Distribution Conditions. The licenses granted under Sections 2.1 and 2.2 are conditioned upon and subject to the following restrictions:
Distribution Conditions. Distribution Channels Columbus has oversight over how the product is promoted and issued. The following distribution channels and conditions have been assessed as being appropriate to direct the distribution of the product to the target market: ▪ Direct - Online - By phone - In person (e.g. branch, agency, or premises visit) ▪ Third party – Accredited mortgage brokers subject to their Best Interests Duty (BID) obligations The distribution channels and conditions are appropriate because: ▪ the product has a wide target market; ▪ our staff have the necessary training, knowledge and accreditation (if required) to assess whether the consumer is within the target market, all of our staff must continually satisfy annual compliance reviews. ▪ we rely on existing distributors, methods, controls and supervision already in place; ▪ our approval system has checks and controls in place to flag applicants who may be outside the target market; and ▪ accredited mortgage brokers are subject to BID to ensure that the product is in the best interests of the particular consumer. Distribution conditions A distributor must: ▪ Hold an Australian Credit Licence or be a Credit Representative authorised to engage in credit activities on behalf of a credit licensee; and ▪ Comply with the terms and conditions of any relevant distribution agreement or arrangement with the Product Manager. This condition ensures distributors are appropriately authorised to provide the relevant regulated financial services and will comply with the commercial terms agreed between the distributor and Product Manager. This condition applies to all conduct by the distributor. TMD REVIEWS Columbus has outlined below its review triggers of this product. This TMD will also be reviewed if an event or circumstance has occurred that would reasonably suggest that the TMD may no longer be appropriate. Our review triggers of this product are: Initial review Within 12 months of the date of this TMD Periodic review Each year on the anniversary of this TMD. Review triggers Specific events will prompt Columbus to review this TMD, which includes: ▪ A significant dealing of the product to consumers outside the target market occurs; ▪ Unexpected trends in consumer outcomes which are significantly inconsistent with the intended product performance; ▪ A significant number of material complaints are received from consumers in relation to the product; ▪ Unexpected early stage arrears are detected; ▪ A significant number of de...
Distribution Conditions. The completion of the Distribution shall be subject to the performance of the following conditions:
Distribution Conditions. The creditor has the right to withhold any distribution to the debtor if any of the following condition is not met by the debtor:
Distribution Conditions. Subject to paragraph 5.1, Distributor shall not alter the Software, its packaging or the Sonic license agreement included with the Software. Distributor acknowledges that the Software is distributed to End Users subject to the terms of the applicable End User license for the Software.
Distribution Conditions. The Distributor may freely establish prices and conditions with respect to third parties.
Distribution Conditions. The date on which the conditions set forth in sub-clauses (a) and (b) below are both satisfied is referred to herein as the “Fee Commencement Date”.
Distribution Conditions. Not later than 12:00 noon (New York, New York time) on the second Business Day prior to each Payment Date (but not any Special Distribution Date), the Calculation Agent shall determine if the following two conditions (the "Distribution Conditions" have been satisfied:
Distribution Conditions. The following conditions: (i) the Post-Closing Conditions are satisfied prior to November 30, 2009, (ii) no Default or Event of Default has occurred or is continuing, or would arise as a result of the Sales Distribution, (iii) the delivery to Agent of the Unrestricted Cash Certificate, (iv) Agent shall have received and approved all of the reporting information required to be delivered by Borrowers pursuant to §7.4(k) and (v) Agent shall have received and approved prior month’s Distribution Certificate. Agent shall be deemed to have approved the Distribution Certificate in the event that Agent does not respond within five (5) Business Days of confirmed receipt of the Distribution Certificate.
