Distribution of. CURRENT ISSUER AVAILABLE PRINCIPAL RECEIPTS FOLLOWING THE OCCURRENCE OF A NON-ASSET TRIGGER EVENT Following the occurrence of a Non-Asset Trigger Event but prior to enforcement of the Funding Security under the Funding Deed of Charge and/or the Current Issuer Security under the Current Issuer Deed of Charge, the Current Issuer Cash Manager will apply Current Issuer Available Principal Receipts in the following order of priority:
(A) first, to pay amounts (including such part of any termination payment) due to the Series 1 Class A1 Dollar Currency Swap Provider under the Series 1 Class A1 Dollar Currency Swap (except for any termination payment or any part thereof due and payable to that Swap Provider as a result of a Dollar Currency Swap Provider Default by that Swap Provider, save to the extent such termination payment may be satisfied by any Swap Replacement Payment made to the Current Issuer following a Downgrade Termination Event and applied in accordance with this order of priority of payments) and from amounts received from the Series 1 Class A1 Dollar Currency Swap Provider to repay the Series 1 Class A1 Notes until the Series 1 Class A1 Notes have been repaid in full;
(B) second, to pay amounts (including such part of any termination payment) due to the Series 1 Class A2 Dollar Currency Swap Provider under the Series 1 Class A2 Dollar Currency Swap (except for any termination payment or any part thereof due and payable to that Swap Provider as a result of a Dollar Currency Swap Provider Default by that Swap Provider, save to the extent such termination payment may be satisfied by any Swap Replacement Payment made to the Current Issuer following a Downgrade Termination Event and applied in accordance with this order of priority of payments) and from amounts received from the Series 1 Class A2 Dollar Currency Swap Provider to repay the Series 1 Class A2 Notes until the Series 1 Class A2 Notes have been repaid in full;
(C) third, in no order of priority between them but in proportion to the amounts due:
(1) to pay amounts (including such part of any termination payment) due to the Series 1 Class A3 Dollar Currency Swap Provider under the Series 1 Class A3 Dollar Currency Swap (except for any termination payment or any part thereof due and payable to that Swap Provider as a result of a Dollar Currency Swap Provider Default by that Swap Provider, save to the extent such termination payment may be satisfied by any Swap Replacement Payment made to the Cur...
Distribution of. It is understood that surplus accumulations, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable time limits.
Distribution of proceeds from sale of machine to third party. In the event of a sale of the Machine by MVS or Madan to a third party as set forth in Section 1.3.2, the proceeds of such sale shall be distributed alternatively as follows:
(a) if the sale proceeds are greater than or equal to $1,765,000.00, exclusive of sales tax, import duties and packaging and shipping costs, such proceeds will be allocated and disbursed 50% to XsX and 50% to MVS from such amount as may be left after payment, in the following order and to the extent sale proceeds remain available, of $1,412,000 to XsX, $353,000 to MVS, MVS’s Costs of Sale (defined hereafter), and one-half (1/2) of XsX’s rental payments made pursuant to the Master Lease during the term of the Sublease (“XsX Rental Payments”); (b) if the sale proceeds are less than $1,765,000.00, exclusive of sales tax, import duties and packaging and shipping costs, such proceeds will be allocated and disbursed 80% to XsX and 20% to MVS from such amount as may be left after payment of MVS’s Costs of Sale.
Distribution of. When the Company decides there is overtime, it shall be distributed in the way: First, by volunteer employees and by seniority, among employees in the classification the that do this work and recognized as competent and experienced employees to do the required work. If the Company has more volunteer employees than needed, the overtime will be distributed by rotation in the most equitable possible volunteer employees. The calculation of the distri- buted hours is based on one (1) calendar month. At the end of that calendar month, will begin a new fair distribution. Notwithstanding the previous paragraph, if an em- ployee judges that the overtime distribution wasn't done fairly, he can ask the of a union xxxxxxx. If the parties agree that overtime wasn't distributed fairly, the Company offers to the em- ployee to recover overtime at a date agreed with the employee within a maximal delay of six (6) month. Secondly, if the doesn't have volunteer employees for required overtime; if among employees of this establishment who are recognized as competent and experienced employees to do the required work. When there is overtime for less than minutes, the Company can require an employee who does the job at this position during of the day to continue the work already began. Employees shall have the to to work overtime hours for serious and valid reason. employee who is recalled to work in the premises of the Company, after having completed his regular work day and the property of the Company without having been advise that his services were required, shall be entitled to receive a minimum of four (4) hours paid at his regular applicable rate. An employee who services are required to work overtime during than one (1) after a workday has the right to a fifteen-minute (15) paid rest period a paid break before overtime. This break replaces the scheduled period to wash hands.
Distribution of. PROCEEDS In the event that, following the occurrence or during the continuance of any Event of Default, any monies are received in connection with the enforcement of the Loan Documents, except as otherwise provided in Section 7.10, such monies shall be distributed for application as follows:
(a) First, to the payment of, or (as the case may be), the reimbursement of, the Agent for or in respect of all reasonable costs, expenses, disbursements and losses which shall have been incurred or sustained by Agent in connection with the collection of such monies by Agent, for the exercise, protection or enforcement by Agent of all or any of the rights, remedies, powers and privileges of Agent under this Agreement or any of the other Loan Documents or in support of any provision of adequate indemnity to Agent against any taxes or liens which by Law shall have or may have, priority over the rights of Agent to such monies;
(b) Second, to all obligations of Borrower to Tokai under the Loan Documents; and
(c) Third, to all obligations of Borrower to Other Lenders under the Loan Documents.
Distribution of. [ESCROW SHARES] [ESCROW FUND]. --------------------------------------------- Stock version On the Distribution Date, the Escrow Agent shall cancel certificates representing the Escrow Shares then held in escrow as of the Distribution Date ("Available Escrow Shares") and with respect to which an Indemnification Claim is not pending. With respect to Indemnification Claims pending as of the Distribution Date, Premiere and the Owners' Representative shall use their reasonable efforts to agree in writing on the Indemnification Amount with respect to any such pending Indemnification Claims; provided, that if Premiere and the Owners' Representative are not able to agree on the Indemnification Amount with respect to such Indemnification Claims by the Distribution Date, the amount of the Indemnification Amount for purposes of the calculations in the following sentence of this Section 3.3 shall be the amount claimed by Premiere in its Notice of Indemnification Claim. Upon determination of the Indemnification Amount in accordance with the preceding sentence, Premiere shall promptly (i) issue and deliver to the Escrow Agent and the Escrow Agent shall deliver to the Owners new certificates representing the number of shares of Premiere Common Stock (the "Distribution Shares") equal to the quotient obtained by dividing (A) the difference between the Aggregate Value immediately prior to such Distribution Date and the aggregate Indemnification Amount with respect to such pending Indemnification Claims by (B) the Value Per Share (the "Undisputed -- Escrow Shares"), and such certificates shall be denominated in the names of the respective Owners in amounts equal to the product of the Undisputed Escrow Shares and each Owner's Percentage Interest, and (ii) issue to the Escrow Agent, who shall retain in escrow pending final determination of the Indemnification Amount, new certificates representing the number of shares of Premiere Common Stock equal to the quotient obtained by dividing (C) the aggregate Indemnification Amount with respect to such pending Indemnification Claims by -- (D) the Value Per Share ("Disputed Escrow Shares"). Any such delivery of Premiere Common Stock to Owners shall be of full shares and any fractional portions shall be rounded to a whole number by the Escrow Agent so that the number of shares remaining in escrow to be delivered will be fully allocated among such Owners. Upon the final resolution as agreed by Premiere and the Owners' Representative in w...
Distribution of. EXCESS CASH Prior to Closing, the Company shall distribute its cash in excess of $1,000,000 (the "Excess Cash") to its shareholders of record immediately prior to the Effective Time of the Merger in proportion to their respective shareholdings, as of that date.
Distribution of. The Division undertakes to provide each teacher on staff with the Division, on the date of signing, a copy of the collective agreement. After that date, the Division will supply such copies only to new teachers.
Distribution of. Overtime shall be distributed as equitable as possible and must be authorized by an appropriate supervisor. Except in cases of unanticipated production requirements, Employees shall be afforded at least twenty-four (24) hours' notice in advance of overtime. In the event that overtime is scheduled, each shift will have an opportunity to work the overtime. All indirect Employees (excluding skilled trades) not on shift rotation will be eligible for overtime on the day shift only and they will be placed on both first second shift overtime distribution listings, in order of seniority. In the event of only one shift of production working weekends, the list will be used. In the event a majority of Employees on any shift decline to work the overtime, an additional shift will also be given the opportunity to work the overtime. If additional Employees are needed, the Employees who have demonstrated ability to perform the work will be asked in order of seniority. An Employee requested to work necessary overtime, and agreeing to work, must work unless the Company obtains a qualified substitute within the time available, or the Employee's inability to report for work is for reason acceptable to the Company.
Distribution of. Quota The pilgrim quota for HCoI should be 70% of the total Haj Quota of India. The following procedure for allocations will be followed by HCoI : Stage - I. Out of the total quota allocated to India in the agreement between the Kingdom of Saudi Arabia and the Government of India, 70% must be allocated to the HCoI and the remaining 30% should be allocated to HGOs. Stage - II. Out of the total seats allocated to HCoI under Stage-I, quota for State Haj Inspectors (SHIs) in the ratio of one SHI for one hundred and fifty pilgrims shall be subtracted from the overall Haj quota. The remaining seats shall be distributed across all the States and Union Territories in proportion to their Muslim population. Stage – III The distribution of the different States and Union Territories quota shall proceed as in the current policy through qurrah (draw of lots). In case there are surplus seats generated by under-utilised quotas of States, the seats shall be distributed as provided in Stages IV and V. Stage – IV The surplus seats shall first be utilised for providing up to 500 seats for Mehram. If seats are still available after this, the UT of Jammu and Kashmir will be allocated up to 2,000 seats as a special measure. The remaining surplus seats will be used for groups of ladies without Mehram and distributed among the States and Union Territories thatreceived 500 or fewer Haj Application Forms (HAF) but were unable to accommodate all applicants, in ascending order of the number of applicants. For the States/ Union Territories where there is a marginal increase in the number of applications by up to 5% compared to previous year, a quota restricted to 500 seats shall be provided. Stage – V The remainder of the surplus seats after Stage IV (if any) shall be allocated to the States and Union Territories in proportion to the number of applications received.