Distribution of Disposition Proceeds Sample Clauses

Distribution of Disposition Proceeds. The Managing Member shall cause the Company to distribute Capital Transaction Proceeds within thirty (30) days after the receipt of such proceeds by the Company in the following manner:
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Distribution of Disposition Proceeds. Within fifteen (15) days after receiving the final distribution of the proceeds of the sale of the Site, the City shall remit the Net Sale Proceeds to the Orange County Auditor-Controller for distribution by the Auditor- Controller among the Taxing Entities in proportion to their shares of the Tax Base, as determined by the Auditor-Controller pursuant to Health and Safety Code Section 34188.
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Distribution of Disposition Proceeds. Within fifteen (15) days after the Disposition Proceeds Receipt Date with respect to each Property, the City shall remit the Disposition Proceeds for that Property to the Auditor-Controller for subsequent distribution by the Auditor-Controller among the Taxing Entities in proportion to their shares of the base property tax (the "Applicable Shares"), as determined by the Auditor-Controller pursuant to Health and Safety Code Section 34188. The attached Exhibit B shows, for illustrative purposes only, the Applicable Shares of the Taxing Entities that would have applied to a distribution under this Section 6 had the distribution been made on January 1, 2014, as provided by the Auditor- Controller.
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Distribution of Disposition Proceeds. At the Close of Escrow for the Property, the City shall remit any Temporary Rental Income (if any) and the Developer shall remit the Disposition Proceeds to the Escrow Agent for immediate distribution by Escrow Agent to the Taxing Entities. No later than five (5) business days after the Disposition Proceeds Receipt Date, the Escrow Agent shall disburse the Disposition Proceeds among the Taxing Entities in proportion to their shares of the base property tax (the "Property Tax Percentage Shares"), as determined by the Auditor-Controller pursuant to Health and Safety Code Section 34188. The attached Exhibit C shows, for illustrative purposes only, the Property Tax Percentage Shares of the Taxing Entities that would have applied to a distribution by Project Area (OR Agency-wide) under this Section 6 had the distribution been made on January 1, 20__, as provided by the Auditor-Controller. The County requires that Educational Revenue Augmentation Funds (ERAF) will be distributed by the County Superintendent of Schools. Sample Language: “ERAF is entitled to a distribution pursuant to Section 6 of a portion of the Disposition Proceeds from the disposition of each Property. There is no need for a separate signatory to execute this Agreement on behalf of ERAF because the ultimate beneficiaries of any distribution of Disposition Proceeds to ERAF are themselves Taxing Entities that are signatories to this Agreement. ERAF proceeds are to be distributed by the San Bernardino County Superintendent of Schools.” The County requires the notification all taxing entities prior to land disposition. Sample Language: “By not later than the date of first published notice of the City Council public hearing for the DDA (the "DDA Public Hearing Notice"), the City shall provide each Taxing Entity with a copy of the DDA Public Hearing Notice (including the date, time and location of the public hearing and the location at which the proposed DDA may be inspected and copied), and a statement setting forth the proposed purchase price to be paid to the City under the proposed DDA.” Include requirement to send a fully executed original of the compensation agreement to the County of San Bernardino. Include signature pages for all taxing entities. If there will be a deduction for net costs associated with the disposition of the property, provide a “Disposition Proceeds Statement” to the taxing entities and allow a minimum 5-day review period for taxing entities to review the statement for acc...
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Distribution of Disposition Proceeds. The General Partner shall cause the Partnership to distribute Capital Transaction Proceeds within thirty (30) days after the receipt of such proceeds by the Partnership in the following manner:
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Distribution of Disposition Proceeds. The Custodian shall distribute the amount of the Disposition Proceeds to the Owners, on a pro-rata basis based on the number of Underlying Shares represented by Exchange Certificates held by them on the Final Exchange Date respectively, on the first Trading Day following the disposition of all Underlying Shares. Checks of the Custodian payable at par at any branch of the Custodian's bankers in [the Borough of Manhattan, the City of New York], shall be issued in respect of the Disposition Proceeds (less any tax required to be withheld by the Custodian); provided that at the option of the Custodian, payments of Distribution Proceeds may be made by wire transfer (provided that the respective Owner shall have duly provided appropriate wire instructions) to a United States dollar account maintained by the relevant Owner with a bank located in the United States of America. Such a wire transfer or the forwarding by prepaid mail or delivering of such a check to each Owner entitled thereto hereunder at his address as it appears on the books of the Custodian shall satisfy the Custodian's obligation to distribute the Disposition Proceeds to the extent of the sum so transferred or represented thereby. Disposition Proceeds that are represented by a check that has not been presented to the Custodian's bankers for payment or that otherwise remain unclaimed for a period of one year from the Final Exchange Date shall be forfeited to the Company.
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Related to Distribution of Disposition Proceeds

  • Distribution of Collateral Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Notification of Disposition If this Option is designated as an Incentive Stock Option, Participant shall give prompt notice to the Company of any disposition or other transfer of any shares of Stock acquired under this Agreement if such disposition or transfer is made (a) within two years from the Grant Date with respect to such shares of Stock or (b) within one year after the transfer of such shares of Stock to him. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by Participant in such disposition or other transfer.

  • Disposition of Proceeds The Security Documents contain an assignment by the Borrower and/or the Guarantors unto and in favor of the Collateral Agent for the benefit of the Lenders of all of the Borrower’s or each Guarantor’s interest in and to their as-extracted collateral in the form of production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property. The Security Documents further provide in general for the application of such proceeds to the satisfaction of the Obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Documents, until the occurrence of an Event of Default, (a) the Administrative Agent and the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Lenders will instead permit such proceeds to be paid to the Borrower and its Subsidiaries and (b) the Lenders hereby authorize the Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the Borrower and/or such Subsidiaries.

  • Notice of Disposition of Collateral Debtor hereby agrees that notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made shall be deemed reasonable if sent to Debtor, addressed as set forth in Article X, at least ten (10) days prior to (a) the date of any such public sale or (b) the time after which any such private sale or other disposition may be made.

  • Proceeds of Dispositions; Expenses The Debtor shall pay to the Secured Party on demand any and all expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Secured Party in protecting, preserving or enforcing the Secured Party's rights and remedies under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale or other disposition of the Collateral shall, to the extent actually received in cash, be applied to the payment of the Obligations in such order or preference as the Secured Party may determine, proper allowance and provision being made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any excess shall be returned to the Debtor. In the absence of final payment and satisfaction in full of all of the Obligations, the Debtor shall remain liable for any deficiency.

  • Distribution of Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Suspension of Dispositions Each Holder agrees by acquisition of any Registrable Shares that, upon receipt of any notice (a “Suspension Notice”) from the Company of the happening of any event of the kind described in Section 2.5(f)(iii) such Holder will forthwith discontinue disposition of Registrable Shares until such Holder’s receipt of the copies of the supplemented or amended prospectus, or until it is advised in writing (the “Advice”) by the Company that the use of the prospectus may be resumed, and has received copies of any additional or supplemental filings which are incorporated by reference in the prospectus, and, if so directed by the Company, such Holder will deliver to the Company all copies, other than permanent file copies then in such Holder’s possession, of the prospectus covering such Registrable Shares current at the time of receipt of such notice. In the event the Company shall give any such notice, the time period regarding the effectiveness of registration statements set forth in Sections 2.5(b) and 2.5(c) hereof shall be extended by the number of days during the period from and including the date of the giving of the Suspension Notice to and including the date when each seller of Registrable Shares covered by such registration statement shall have received the copies of the supplemented or amended prospectus or the Advice. The Company shall use its commercially reasonable best efforts and take such actions as are reasonably necessary to render the Advice as promptly as practicable.

  • Notice of Disposition To the extent that this Option is designated as an Incentive Option, if Shares of Common Stock acquired upon exercise of the Option are disposed of within two years following the date of grant or one year following the transfer of such Shares to the Participant upon exercise, the Participant shall, promptly following such disposition, notify the Corporation in writing of the date and terms of such disposition and provide such other information regarding the disposition as the Administrator may reasonably require.

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