DISTRIBUTION OF RECEIPTS Sample Clauses

DISTRIBUTION OF RECEIPTS. FROM EXPLOITATION OF INTERACTIVE RIGHTS (AS DEFINED BELOW):
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DISTRIBUTION OF RECEIPTS. All the receipts that the Trustee may receive as a result of proceedings it institutes, if any, against the Company, shall be held by it in trust and shall serve in its hands for the purposes and according to the order of priority as follows: Firstly for the discharge of the expenses, payments, levies and obligations that have been incurred by the Trustee, imposed on it, or caused by virtue or as a result of actions for implementing the trust, or otherwise, or in another connection with the terms and conditions of this deed, including its remuneration (on condition that the Trustee shall not receive double remuneration both from the Company and also from the debenture holders). Secondly – in order to pay holders of the Debentures (Series B) the arrear interest due to them pursuant to the terms and conditions of the Debentures (Series B) and subject to the conditions of linkage contained in the Debentures (Series B) pro rata and proportionately to the amount of interest in arrear which is due to each of them, without any preference or prior right in respect of any of them; thirdly – in order to pay holders of the Debentures (Series B) the amounts of the principal that are due to them in accordance with the Debentures (Series B) held by them, pro rata and subject to the conditions of linkage contained in the Debentures (Series B), whether or not the due date for payment of the amounts of principal have arrived and pro rata to the amounts due to them, without any preference in regard to priority in time of the issue of the Debentures (Series B) by the Company, or otherwise, and the surplus, if there should be such, shall be paid by the Trustee to the Company or to its successors-in-title. Payment of the amounts by the Trustee to holders of the Debentures (Series B) is subject to the rights of other creditors of the Company, if there are such.
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DISTRIBUTION OF RECEIPTS. All receipts received by the Trustee as a result of procedures taken, if taken against the Company, will be held by him in trust and will serve him for the purposes and in the order of priority listed below: Firstly to the clearing of the expenses, the payments, the levies and commitments that were made by the Trustee, imposed on him, or were incidentally caused as a result of activities executed by the Trusteeship or in any other manner in another connection with the conditions of this deed, Including his fee; secondly – in order to pay the (A Series) Bond Holders the delay in interest owed them according to the conditions of the (A Series) Bonds pari passu and in a manner relative to the amount owed to each one of them with no showing of priority concerning which of them; thirdly – in order to pay the (A Series) Bond Holders the amount owed from the Fund owed to them according to the (A Series) Bond held by them pari passu and this whether it is time to clear the Fund amounts or not an in a manner relative to the amounts owed to the, without and preference to the precedence of time in the expense of the (A Series) Bond or in any other manner, and the surplus, if there is any, will be paid by the Trustee to the Company or its alternatives. The payment of amounts by the Trustee to the (A Series) Bond Holders is subject to the other Company’s creditor’s rights if there are any.
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DISTRIBUTION OF RECEIPTS. 3.1 On each Distribution Date the Agency and Council shall procure the preparation by the Company of a financial statement which incorporates the following as at such date:-
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DISTRIBUTION OF RECEIPTS. Out of the moneys which will be received by the Trustee as a result of performing trust acts pursuant to this deed, the Trustee shall first liquidate or retain in its hands an amount which will be sufficient to discharge the expenses, payments, levies and obligations that have been incurred by it or imposed on it or caused in the course of or as a result of actions for executing the trust or in another manner in connection with the conditions of this Deed of Trust, including the Trustee’s remuneration, and shall use the balance in order to pay holders of the Debentures of such series the amounts of the principal, the interest and the linkage differentials (if there are such) which are due to them under the Debentures held by them, pari passu and in a manner proportionate to the amounts which are due to them, and without giving any preference in connection with priority in time of the issue of the Debentures by the Company or otherwise, and the surplus, if there is such, shall be paid by the Trustee to the Company or to its successors-in-title. Payment of the amounts by the Trustee to the Debenture holders as aforesaid, is subject to the equal or preferential rights of other creditors of the Company (if there are such in accordance with everything stated in this Deed of Trust).
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DISTRIBUTION OF RECEIPTS. 7. 1 The Receipts shall be distributed in the following order:
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DISTRIBUTION OF RECEIPTS. (1) The receipts from the sale of the sureties is to be applied according to the following ranking order:
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Related to DISTRIBUTION OF RECEIPTS

  • Application of Receipts Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 35.5 (Application of receipts; partial payments).

  • Substitution of Receipts At the request of a Holder, the Depositary shall, for the purpose of substituting a certificated Receipt with a Receipt issued through any book-entry system, including, without limitation, DRS/Profile, or vice versa, execute and Deliver a certificated Receipt or deliver a statement, as the case may be, for any authorized number of ADSs requested, evidencing the same aggregate number of ADSs as those evidenced by the relevant Receipt.

  • Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (See Section 4.04 of the Standard Terms)

  • 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.

  • 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 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.

  • Allocation of Recovery In the event an actual pecuniary loss is suffered by any two or more of the Insureds under circumstances covered by the terms of the Bond, any recovery under the Bond shall be allocated among such Insureds as follows:

  • Allocation of Recoveries (a) If more than one of the parties hereto is damaged in a single loss for which recovery is received under the policy, each such party shall receive that portion of the recovery which represents the loss sustained by that party, unless the recovery is inadequate to fully indemnify such party sustaining loss.

  • Distribution of Liquidation Proceeds Subject to the terms and conditions hereof, the Administrative Agent shall distribute all Liquidation Proceeds in the order and manner set forth below:

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