Authority to Distribute. The Trustee is initially designated as paying agent. The Finance Committee may designate an alternative paying agent provided that the Finance Committee can demonstrate to the District Court that such transfer of responsibilities will satisfy the qualification criteria of the Depository Trust Agreement and will not result in any delay in payments to Claimants or affect the Claimants’ prompt receipt of payment. The paying agent shall arrange for the distribution of payments to Claimants upon the direction of the Finance Committee and the District Court and in accordance with the terms of this Settlement Facility Agreement, the Litigation Facility Agreement, and the Funding Payment Agreement. The timing of all distributions shall be determined by the Claims Administrator except as provided in the Litigation Facility Agreement with respect to Litigation Fund payments. The Finance Committee shall have the authority to seek orders from the District Court generally authorizing distributions of First Priority Payments without separate orders regarding each such distribution and establishing procedures for distributing payments involving liens or disputed payees.
Authority to Distribute. The Issuer authorises each Lead Manager and Dealer to distribute copies of the following documents in connection with the offering and sale of the Notes in accordance with the Programme Agreement:
(i) the Information Memorandum for the Notes;
(ii) the Pricing Supplement; and
(iii) any other documents prepared and approved by the Issuer in connection with the Programme and the issue of the Notes.
Authority to Distribute. Subject to clause 12 (“Dealers’ acknowledgements and obligations”), each Issuer authorises each of the Dealers to give to actual and potential purchasers of the Notes copies of the Information Memorandum and the other documents referred to in clause 13.1 (“Issuers to give copies of the Information Memorandum and other documents”) in accordance with the conditions contained in the Information Memorandum. The Issuers may from time to time update the Information Memorandum and each Dealer agrees to only use the most recent Information Memorandum except as otherwise permitted under clause 13.5 (“Secondary market distribution”).
Authority to Distribute. The Finance Committee may designate the Trustee as paying agent. The paying agent shall arrange for the distribution of payments to Claimants upon the direction of the Finance Committee and the District Court and in accordance with the terms of this Settlement Facility Agreement and the Funding Payment Agreement. The timing of all distributions shall be determined by the Claims Administrator. The Finance Committee shall have the authority to seek orders from the District Court generally authorizing distributions of First Priority Payments without separate orders regarding each such distribution and establishing procedures for distributing payments involving liens or disputed payees.
Authority to Distribute. Notwithstanding the provisions of condition 2:
3.1 We can deduct our Charges from amounts received as part of CAF Give As You Earn (including, but not limited to, Employee Donations).
3.2 Where we are unable, for whatever reason, to make a distribution to a Nominated Recipient, we may:
3.2.1 make reasonable attempts to contact the Participating Employee to request the nomination of an alternative Nominated Recipient;
3.2.2 where we do not receive an alternative nomination, distribute such amounts to a alternative charity partner that is eligible to receive such amounts under the Regulations, and that we reasonably believe to have a similar aim to that of the Nominated Recipient;
3.3 where there is no Nominated Recipient for a particular Employee Donation, we may:
3.3.1 make reasonable attempts to contact the Participating Employee to request the details of a Nominated Recipient; and
3.3.2 move the donations in line with the timescales stipulated in the Regulations after the end of the Tax Year to an alternative Charity Partner that is eligible to receive such amounts under the Regulations; and
3.4 where the provisions of condition 3.2.2 or 3.3.2 apply, we will make reasonable attempts to notify the Participating Employee.
