Additional Liquidation Payments Sample Clauses

Additional Liquidation Payments. In the event of any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, at any time when any Securities are outstanding under the Indenture, each Holder shall be entitled to receive (in addition to any recovery of Unpaid Additional Interest Payments, principal, premium and accrued and unpaid interest with respect to the Securities) payments equal to any distributions of the same type, whether in cash, securities, rights, evidences of indebtedness or other asset or property, as to holders of the Common Stock out of assets legally available for distribution to stockholders as would be made on the shares of Common Stock into which the Securities could be converted assuming such converted shares of Common Stock were outstanding on the record date for such distributions.
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Additional Liquidation Payments. In the event of any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, each Holder shall be entitled to receive (in addition to any recovery of principal, premium, accrued and unpaid interest and Unpaid Additional Interest Payments with respect to the Securities) payments equal to any distributions of the same type, whether in cash, in kind or other property, as to holders of the Common Stock out of assets legally available for distribution to stockholders as would be made on the shares of Common Stock into which the Securities could be converted assuming such converted shares of Common Stock were outstanding on the record date for such distributions (the “Additional Liquidation Payments”)[; provided, however, that Holders shall only be entitled to receive distributions pursuant to this Section 3.3 to the extent such distributions exceed the amount of principal and premium payable with respect to the Securities (other than pursuant to this Section) in the event of any liquidation, dissolution or winding up of the Company].
Additional Liquidation Payments. In the event of any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, each Holder shall be entitled to receive (in addition to any recovery of Unpaid Additional Interest Payments, principal, premium and accrued and unpaid interest with respect to the Securities) payments equal to any distributions of the same type, whether in cash, in kind or other property, as to holders of the Common Stock out of assets legally available for distribution to stockholders as would be made on the shares of Common Stock into which the Securities could be converted assuming such converted shares of Common Stock were outstanding on the record date for such distributions.
Additional Liquidation Payments. In the event of any liquidation, dissolution or winding up of the Company and in addition to any recovery of principal, premium and accrued and unpaid interest with respect to the New Convertible Debt, Holders will receive payments equal to any distributions to holders of the Company’s common stock out of assets legally available for distribution to stockholders on a pro rata as if converted basis, but only to the extent that such distributions exceed the amount of any recovery with respect to the New Convertible Debt.”
Additional Liquidation Payments. In the event of any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, at any time when any Securities are outstanding hereunder, each Holder shall be entitled to receive (in addition to any recovery of principal, premium, accrued and unpaid interest and Unpaid Additional Interest Payments with respect to the Securities) payments equal to any distributions of the same type, whether in cash, securities, rights, evidences of indebtedness or other asset or property, as to holders of the Common Stock out of assets legally available for distribution to stockholders as would be made on the shares of Common Stock into which the Securities could be converted assuming such converted shares of Common Stock were outstanding on the record date for such distributions (the “Additional Liquidation Payments”). Promptly after the Company schedules a distribution that would obligate it to make any Additional Liquidation Payment under this Section 3.3, the Company shall give written notice thereof to all Holders setting forth the amount and nature of such distribution and the calculation of the amount of the Additional Liquidation Payment.

Related to Additional Liquidation Payments

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Excess Liquidation Proceeds 21 FDIC..........................................................................................21 FHA...........................................................................................21

  • Distribution of Liquidation Proceeds Subject to the terms and conditions hereof, the Administrative Agent shall distribute all Liquidation Proceeds in the order and manner set forth below:

  • Indemnification Payments Not Distributions If and to the extent any payments to the General Partner pursuant to this Section 7.7 constitute gross income to the General Partner (as opposed to the repayment of advances made on behalf of the Partnership), such amounts shall constitute guaranteed payments within the meaning of Section 707(c) of the Code, shall be treated consistently therewith by the Partnership and all Partners, and shall not be treated as distributions for purposes of computing the Partners’ Capital Accounts.

  • Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.

  • Sharing of Reimbursement Obligation Payments Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

  • Distributions of Special Payments 25 SECTION 2.5. DESIGNATED REPRESENTATIVES...................................................................... 28 SECTION 2.6. CONTROLLING PARTY............................................................................... 29 ARTICLE III RECEIPT, DISTRIBUTION AND APPLICATION OF AMOUNTS RECEIVED........................................... 31

  • Cash Liquidation 7 Certificate...................................................................7

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