Common use of Additional Distributions Clause in Contracts

Additional Distributions. After the Initial Distribution has been completed, any and all additional distributions shall be made on a pro rata basis as follows: (I) 88% of the Trust Property Then Available For Distribution remaining after the Initial Distribution, plus the Interest Adjustment, if positive, shall be distributed in the proportions described in Schedule 1 to the Beneficiaries listed therein, for the purposes described in Paragraph XII of the Environmental Claims Settlement Agreement. (II) 12% of the Trust Property Then Available For Distribution, remaining after the Initial Distribution, less the Interest Adjustment if positive, shall be distributed to the Tort Claims Trust for payment to the Holders of the Tort Claims in accordance with the Tort Claims Trust Agreement and the Tort Claims Trust Distribution Procedures.