Distribution of Assets means any distribution of assets of the Maker or any of its subsidiaries of any kind or character, whether a payment, purchase or other acquisition or retirement for cash, property, or securities, with respect to the Maker's obligations under this Note.
Distribution of Assets means any disbursal, conveyance, loan or transfer of cash, any asset of Borrower, or any other portion of the Mortgaged Property, other than in payment of Reasonable Operating Expenses.
Distribution of Assets means any distribution of assets of the Company or any of its Subsidiaries of any kind or character, whether (i) a payment, purchase or other acquisition or retirement for cash, property or securities or (ii) by way of cancellation, forgiveness or offset of the Securities against any Indebtedness owed by the Holders to the Company or any of its Subsidiaries or (iii) payable or deliverable by reason of the payment of any other Indebtedness of the Company or any of its Subsidiaries being subordinated to the payment of the Securities and, in any case, shall include any assets of any kind or character received by the Holders in connection with the realization of security, if any, for the Securities.
Examples of Distribution of Assets in a sentence
Distribution of Assets on a Liquidation (a) If the Company shall be wound up, the liquidator shall, subject to the provisions of the Companies Act 2014, apply the assets of the Company in such manner and as he thinks fit in satisfaction of creditors’ claims.
This Agreement may be terminated by either party giving ninety (90) days' written notice, subject to the provisions of this Agreement entitled "Distribution of Assets Upon Cessation." The Auxiliary must remain in good standing with the District.
Form a new Foundation to fund appropriate social service programming in the northern suburbs of Ramsey County.The final Distribution of Assets Plan must be approved by the Ramsey County District Court.(B) Deviation from the Mission.
U.S. Department of Education, Electronic Announcement, “Perkins Loan Program—Federal Perkins Loan Revolving Fund Distribution of Assets and Timelines for 2018-19,” July 11, 2018.
With the wind-down of the Perkins Loan Program, this process has been replaced by a similar process, the Distribution of Assets Process, which distributes the cash received through portfolio collections at year’s end.
More Definitions of Distribution of Assets
Distribution of Assets means a voluntary or involuntary liquidation, dissolution or winding-up of the affairs of the Corporation or any other distribution to its shareholders of all or substantially all of the assets of the Corporation, including in connection with and following an Asset Sale;
Distribution of Assets any distribution of assets of the Borrower of any kind or character, whether in cash, property or securities, and whether in respect of repayment of indebtedness or otherwise, including, but not limited to, adequate protection payments under the Bankruptcy Code.
Distribution of Assets means any distribution of Assets of any kind or character, whether in cash, property, or securities, and whether in respect of repayment of indebtedness or otherwise, including, but not limited to, adequate protection payments under the Bankruptcy Code.
Distribution of Assets. Upon the termination of any trust, share in trust, or any interest in any trust created herein, the Trustee may distribute assets in kind, including undivided interests therein, and may do so without regard to the income tax basis of specific property allocated to any beneficiary. The Trustee shall not be required to distribute assets of the trust estate, or interests therein, pro rata to the beneficiaries receiving such distributions, but may, in the exercise of the Trustee's discretion, make non-pro rata distributions, so long as the distributees receive assets of a value equal to the value of their respective interest in the trust as of the time of distribution.
Distribution of Assets means any distribution of assets of the Company of any kind or character, including without limitation (a) a payment, purchase or other acquisition or retirement for cash, property or securities or (b) by way of cancellation, forgiveness or offset of the indebtedness evidenced by this Subordinated Note against any indebtedness owed by the Subordinated Payee of this Subordinated Note to the Company or (c) payable or deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of this Subordinated Note.
Distribution of Assets means any distribution of assets of the Company of any kind or character, whether (a) a payment, purchase or other acquisition or retirement for cash, property or securities, or (b) by way of cancellation, forgiveness or offset of the Indebtedness evidenced by this Note against any Indebtedness owed to the Company by Holder or any subsequent holder of this Note, or (c) payable or deliverable by reason of the payment of any other Indebtedness of the Company which is subordinated to the payment of this Note; provided, however, that no Distribution of Assets shall be deemed to occur in the event of a distribution of securities of the Company or any other Person provided for by a plan of reorganization or comparable arrangement in the case of an insolvency, bankruptcy, receivership, dissolution, liquidation or comparable proceeding, the payment of which is subordinated, at least to the same extent as this Note, to the payment of all Senior Debt which may at the time be outstanding and the principal of which securities is due no earlier than the principal of this Note. "EVENT(S) OF DEFAULT" has the meaning specified in Section 4.1.
Distribution of Assets means a distribution of assets in the event of liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other distribution of assets of the Corporation among its shareholders for the purpose of winding-up its affairs.