Deemed Distribution. If the nonforfeitable portion of a Participant's Account balance derived from Employer and Employee contributions is zero, the Participant shall be deemed to have received a distribution of the nonforfeitable portion of the Participant's Account upon the Participant's separation from service.
Deemed Distribution. For purposes of Section 8.4, if at the time a Participant's employment with all Related Companies has terminated, the Participant's vested Account balance attributable to Accounts subject to vesting as described in Section 8, is zero, his or her vested Account balance shall be deemed distributed as of the Settlement Date following the Sweep Date on which the Administrator has reported to the Trustee that the Participant's employment with all Related Companies has terminated.
Deemed Distribution. Notwithstanding anything in this Agreement to the contrary, and without duplication, any withholding or other taxes, interest and penalties directly or indirectly paid or incurred (including under any BBA provision) by the Company with respect to income allocable to or distribution to, or otherwise attributable to, any Member shall be treated as if the amounts paid or incurred had been distributed to such Member, and amounts otherwise distributable to such Member pursuant to Section 5.3 shall be reduced accordingly.
Deemed Distribution. For purposes of all calculations pursuant to Article 5 of this agreement, any Net Cash Flow or Net Proceeds of Sale used to repurchase Units or to repay borrowings that were used to repurchase Units shall be deemed distributed to the remaining Limited Members pro rata based on the ratio of the number of Units owned to all Units outstanding after such repurchase.
Deemed Distribution. If a Participant's Vested Interest in his or her Participant's Account is zero on the date the Participant terminates employment, the Participant will be deemed to have received a distribution of such Vested Interest on the date of such termination.
Deemed Distribution. For purposes of Section 8, if at the time a Participant is determined to be a Terminated Participant, his or her vested Account balance attributable to Accounts subject to vesting as described in Section 8 is zero, his or her vested Account balance shall be deemed distributed as of the Settlement Date following the Sweep Date on which he or she is determined to be a Terminated Participant.
Deemed Distribution. If the Distribution occurs, then, notwithstanding that at the Closing Aleris shall assign and transfer the Excess Shares directly to the Buyer on Apollo’s behalf, the Excess Shares shall be deemed to have been distributed by Aleris to Apollo and then sold by Apollo to the Buyer for the Purchase Price. In no event shall Aleris have any liability or obligation in respect of effecting the assignment and transfer of Excess Shares to the Buyer as contemplated hereunder nor any liability if the Excess Shares are transferred to Apollo instead of the Buyer notwithstanding the Direction.
Deemed Distribution. For the avoidance of doubt, any payment made by Buyer directly to a Common Shareholder or Preferred Shareholder shall be deemed a payment to Seller and a deemed distribution to such Common Shareholder or Preferred Shareholder from Seller.
Deemed Distribution. If a Participant’s Vested Interest in his or her Participant’s Account is zero on the date the Participant terminates employment, the Participant will be deemed to have received a distribution of such Vested Interest on the date of termination.
Deemed Distribution. For purposes of Section 8.4, vested Account balances will be deemed distributed as of the Settlement Date following the Sweep Date on which the Administrator has reported to the Trustee that the Participant's employment with all Related Companies has terminated.
