Distribution of Net Sample Clauses

Distribution of Net. Proceeds of Indebtedness from the OLP to the MLP. -------------------------------------------------------------------- The parties to this Agreement acknowledge that the OLP has sold $250 million in aggregate principal amount of its 7.25% Senior Notes due February 15, 2012, on a recourse basis and has distributed to the MLP the Net Debt Proceeds in redemption of the MLP Special LP Interest. The MLP hereby acknowledges receipt of the Net Debt Proceeds from the OLP in redemption of the MLP Special LP Interest.
Sample 1
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Distribution of Net. Cash Sale Proceeds of Certain Asset Sales Pre-Authorized by Secured Term Lenders and Secured PIK Lenders, Certain Foreign Subsidiary Proceeds and Certain Forced Disposition Proceeds. The Debtors have covenanted, pursuant to Section 6.04 of the Secured PIK/Term Credit Agreement, that they will not dispose of any of their Assets, other than pursuant to the "Permitted Dispositions", the "Canadian Transactions" and the "Permitted Transactions", all as defined in the Secured PIK/Term Credit Agreement. The Junior Secured Lender Pre-Authorized Sales constitute a portion of such Permitted Dispositions. So long as no Unmatured Revolver Event of Default or Revolver Event of Default is outstanding, the Junior Secured Lender Pre-Authorized Sales Proceeds, together with any Revolver Lender Pre-Authorized Sales Proceeds, Foreign Subsidiary Proceeds and Forced Disposition Proceeds not distributed under the preceding subparagraph a, in a maximum aggregate amount of $25 million in any rolling twelve month period, shall be distributed at the sole and exclusive direction and instructions of the Representative of the class of Claimants (in accordance with whatever governance procedure is applicable to their rights inter se) holding the first lien on or security interest in such Collateral at the time of such sale (with no reduction in the Revolver Commitments to the extent that any proceeds are used to pay Revolver Obligations unless Revolver Lenders elect to reduce the Revolver Commitments, in which case the Revolver Commitments will be reduced (with the reductions as between the Tranche A Commitments and the Tranche B Commitments to be as provided in the Revolver Loan Documents) to the extent the Net Cash Proceeds of such sale are utilized to pay principal of the Revolver Obligations, or such lesser amount specified by the Revolver Lenders). Any Revolver Lender Pre-Authorized Sales Proceeds, Junior Secured Lender Pre-Authorized Sales Proceeds, Foreign Subsidiary Proceeds or Forced Disposition Proceeds not distributed under this subparagraph b, shall be distributed under subparagraph c, below.
Sample 1
Distribution of Net. PROCEEDS ---------------------------- The net proceeds from the liquidation of the assets of the Partnership shall be distributed by the receiver in the following order of priority:
Sample 1
Distribution of Net. Proceeds from a Capital Event. The net ------------------------------------------------- proceeds from Capital Events, after establishing such reserves as the Board determines, may, in the discretion of the Board, be paid to RMH Teleservices, Inc. in settlement of any then outstanding invoices in connection with trade credits which have been advanced as set forth in Schedule 3.1, and the remainder ------------ may, in the discretion of the Board, be distributed to the Partners in the following amounts and priorities:
Sample 1
Distribution of Net. Cash After Removal of the JV Member. After any removal of JV Member pursuant to Sections 2.06(b)(i) or (ii) of this Agreement, Net Cash shall be determined and distributed quarterly (or at such other times as are determined in the reasonable discretion of the Members, taking into account the reasonable business needs of the Company) to the Members in the following order of priority:
Sample 1

Related to Distribution of Net

  • Distribution of Net Cash Flow Net Cash Flow shall be distributed among the Partners in accordance with their Partnership Percentages at such times and in such amounts as shall be determined by the General Partner.

  • Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

  • Allocation of Net Deferred Interest For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO Components) in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Distribution of Units Unless otherwise determined by the Committee or required by any applicable law, rule or regulation, neither the Company nor the Partnership shall deliver to the Participant certificates evidencing Units issued pursuant to this Agreement and instead such Units shall be recorded in the books of the Partnership (or, as applicable, its transfer agent or equity plan administrator). All certificates for Units issued pursuant to this Agreement and all Units issued pursuant to book entry procedures hereunder shall be subject to such stop transfer orders and other restrictions as the Company may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such Units are then listed, and any applicable federal or state laws, and the Company may cause a legend or legends to be inscribed on any such certificates or book entry to make appropriate reference to such restrictions. In addition to the terms and conditions provided herein, the Company may require that the Participant make such covenants, agreements, and representations as the Company, in its sole discretion, deems advisable in order to comply with any such laws, regulations, or requirements. No fractional Units shall be issued or delivered pursuant to the Phantom Units and the Committee shall determine, in its discretion, whether cash, other securities, or other property shall be paid or transferred in lieu of fractional Units or whether such fractional Units or any rights thereto shall be canceled, terminated, or otherwise eliminated.

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

  • Application of Net Proceeds The Company shall apply the net proceeds from the Offering received by it in a manner consistent with the application thereof described under the caption “Use of Proceeds” in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Distribution of Stock Subject to Section 8, the Company shall cause the Participant to be the record owner of any shares of Stock to which the Participant becomes entitled to receive under this Agreement in accordance with the payment terms described in Section 3.

  • Distributions of Net Cash Flow The Net Cash Flow of the Partnership for each calendar year, shall be distributed to the Partners from time to time, in the discretion of the General Partner, in accordance with the Percentage Interests of the Partners.

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