Certain Payments and Distributions Sample Clauses

Certain Payments and Distributions. Nothing contained herein shall prohibit the payment or distribution on account of Notes that is made in the form of equity securities of Obligors, or in the form of debt securities or other evidences of Indebtedness that are subordinated in right of payment to Senior Debt at least to the extent and the same terms as provided for in this Agreement.
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Certain Payments and Distributions. The Company will duly and punctually pay, or cause the Paying Agent to pay, the principal of, and accrued interest on, the Purchase Money Note and the Facility Loans in accordance with the terms thereof, and each Grantor shall duly and punctually pay, or cause the Paying Agent to pay, all other amounts payable by such Grantor under this Agreement and/or the Custodial and Paying Agency Agreement. Subject to Section 5.2 of the Custodial and Paying Agency Agreement, on each Distribution Date, the Debtors will direct the Paying Agent to distribute amounts on deposit in the Distribution Account in accordance with Section 5.1 of the Custodial and Paying Agency Agreement and the other terms thereof.
Sample 1
Certain Payments and Distributions. Nothing contained herein shall prohibit the payment or distribution on account of Trident Debt that is made in the form of equity securities of the Company, or in the form of debt securities or other evidences of indebtedness that are subordinated in right of payment at least to the extent and in the manner provided in this Agreement.
Sample 1
Certain Payments and Distributions. SCHEDULE 1.14.(a) attached hereto lists and describes all loans, receivables or other amounts due from the Shareholders to the Company or from the Company to the Shareholders existing on the Closing Date. The Company further acknowledges and agrees that, except as set forth on SCHEDULE 1.14(b), on or before the Effective Date (i) all loans and advances from the Company to the Shareholders, whether or not disclosed in any Schedule hereto, shall be repaid to the Company in full and the Company shall have delivered to Navarre appropriate instruments or writings to evidence the receipt of such repayments; (ii) all guarantees by the Company of loans obtained by any shareholder, officer or director of the Company from third parties shall have been released; and (iii) other than this Agreement, the Employment Agreements, the Non-Compete Agreements, and agreements described on SCHEDULE 1.14.(b) hereto, all contracts, leases and agreements between the Company and the Shareholders shall be terminated without penalty to Navarre or to the Surviving Corporation.
Sample 1
Certain Payments and Distributions. Prior to the Closing, the Company shall, and shall ensure that its Subsidiaries, pay in full all amounts due to Related Parties (other than amounts due between or among the Company and its Subsidiaries and other than amounts due pursuant to employment arrangements entered into in the ordinary course of business, which amounts are not past due and are due in the ordinary course of business).
Sample 1

Related to Certain Payments and Distributions

  • Payments and Distributions (a) On or immediately after the fifteenth the day of each month, the Trustee shall satisfy itself as to the adequacy of the Reserve Account, making any further credits thereto as may appear appropriate in accordance with Section 3.05 and shall then with respect to each Trust:

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Certain Dividends and Distributions If the Issuer, at any time while this Warrant is outstanding, shall:

  • Adjustment for Certain Dividends and Distributions In the event the Company at any time, or from time to time after the Original Issue Date shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in additional shares of Common Stock, then and in each such event the Purchase Price then in effect immediately before such event shall be decreased as of the time of such issuance or, in the event such a record date shall have been fixed, as of the close of business on such record date, by multiplying the Purchase Price then in effect by a fraction:

  • Distributions and Payments Section 4.01.

  • Profit Loss and Distributions 4.1. Distributions of Cash Flow and Allocations of Profit or Loss Other Than From Capital Transactions.

  • In-Kind Distributions If any Holder seeks to effectuate an in-kind distribution of all or part of its Company Shares to its direct or indirect equityholders, the Company will reasonably cooperate with and assist such Holder, such equityholders and the Company’s transfer agent to facilitate such in-kind distribution in the manner reasonably requested by such Holder (including the delivery of instruction letters by the Company or its counsel to the Company’s transfer agent, the delivery of customary legal opinions by counsel to the Company and the delivery of Company Shares without restrictive legends, to the extent no longer applicable).

  • Limitations on Dividends and Distributions Declare or pay any dividends upon any of its Capital Stock; purchase, redeem, retire or otherwise acquire, directly or indirectly, any shares of its Capital Stock, or make any distribution of cash, property or assets among the holders of shares of its Capital Stock, or make any change in its capital structure which such change in its capital structure could reasonably be expected to have a Material Adverse Effect; provided that:

  • Limitation on Dividends and Distributions Upon the occurrence and after the continuance of an Event of Default, Seller has not made any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its consolidated Subsidiaries.

  • Other Dividends and Distributions Subject to the provisions of this Section 7(c), if Company shall, at any time or from time to time after the Issue Date, make or declare, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or any other distribution payable in securities of Company (other than a dividend or distribution of shares of Common Stock, Options or Convertible Securities in respect of outstanding shares of Common Stock), cash or other property, then, and in each such event, provision shall be made so that the Holder shall receive upon exercise of the Warrant, in addition to the number of Warrant Shares receivable thereupon, the kind and amount of securities of Company, cash or other property which the Holder would have been entitled to receive had the Warrant been exercised in full into Warrant Shares on the date of such event and had the Holder thereafter, during the period from the date of such event to and including the Exercise Date (as hereinafter defined), retained such securities, cash or other property receivable by them as aforesaid during such period, giving application to all adjustments called for during such period under this Section 7 with respect to the rights of the Holder; provided, that no such provision shall be made if the Holder receives, simultaneously with the distribution to the holders of Common Stock, a dividend or other distribution of such securities, cash or other property in an amount equal to the amount of such securities, cash or other property as the Holder would have received if the Warrant had been exercised in full into Warrant Shares on the date of such event.

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