Common use of Distribution of Liquidation Proceeds Clause in Contracts

Distribution of Liquidation Proceeds. 33.1 Upon the Trust being terminated, the Management Company shall suspend the sale and redemption of Units forthwith and proceed to sell all investments then remaining in the hands of the Trustee as part of the Trust Property and shall repay any borrowing effected by the Trust together with any markup remaining unpaid.

Distribution of Liquidation Proceeds. 33.1 21.1 Upon the Trust Scheme being terminated, terminated the Management Company shall suspend the sale and redemption of Units forthwith and proceed to sell all investments Investments then remaining in the hands of the Trustee as part of the Trust Property and shall repay any borrowing effected financing affected by the Trust together with any markup charges remaining unpaidunpaid to the extent possible out of sale proceeds of the Investments. The Trustee shall not be liable for shortfall, if any.

Distribution of Liquidation Proceeds. 33.1 32.1 Upon the Trust being terminated, terminated the Management Company shall suspend the sale and redemption of Units forthwith and proceed to sell all investments Investments then remaining in the hands of the Trustee as part of the Trust Deposited Property and shall repay any borrowing effected by the Trust together with any markup xxxx- up remaining unpaid.

Distribution of Liquidation Proceeds. 33.1 32.1 Upon the Trust being terminated, terminated the Management Company shall suspend the sale and redemption of Units forthwith and proceed to sell all investments Investments then remaining in the hands of the Trustee as part of the Trust Deposited Property and shall repay any borrowing effected by the Trust together with any markup xxxx-up remaining unpaid.