Distribution of Sale Proceeds. The General Partner shall distribute an amount of the Sale Proceeds to the General Partner determined by multiplying the General Partnership Percentage by the amount of the Sale Proceeds, and the remaining Sale Proceeds, equal to the Limited Partnership Percentage, to the Limited Partner at the time of the distribution; provided, however, that to the extent that any amount of a cash distribution to any Partner would create or increase a deficit in the capital account of such Partner, such amount shall not be distributed to such Partner but shall be distributed to the other Partner in proportion to the amounts distributed to such other Partner without regard to this proviso. Such distribution shall be made as soon after the receipt by the Partnership of such Sale Proceeds as the General Partner deems practicable.
Distribution of Sale Proceeds. A. Sale Proceeds from the sale or other disposition of less than substantially all of the assets of the Partnership shall, unless the General Partner, in its reasonable discretion, shall determine to retain any such amounts in the Partnership in accordance with Section 5.08, be distributed, as soon as is reasonably practicable after the transaction occurs, as follows:
Distribution of Sale Proceeds. Sale Proceeds shall be distributed among the Partners as soon as is practicable in proportion to the Partners' respective Partnership Percentages.
Distribution of Sale Proceeds. (a) Upon receipt by SDL or any other designated entities of any sale proceeds from the Sale in Clause 2.2 above (the “Sale Proceeds”), any such proceeds shall be distributed in the following order of priority (the “Distribution Waterfall”) in US Dollars, or in the sole discretion of SDL, in its equivalent amount in RMB:
Distribution of Sale Proceeds a. The Sales Proceeds shall be distributed as follows and in the order listed below:
Distribution of Sale Proceeds. A. Sale Proceeds from the sale or other disposition of less than substantially all of the assets of the Partnership shall, unless the General Partner, in its sole discretion, shall determine to retain any such amounts in the Partnership, be distributed:
Distribution of Sale Proceeds. The proceeds from any sale of a Project, or of any assets of the Company shall be distributed to the Members within the next regular distribution in accordance with the priorities of Section 9.
Distribution of Sale Proceeds. (a) In the event of a PS Investment Exit, the Parties agree that the aggregate sale proceeds and/or value available for distribution (after deduction of transaction costs which have been pre-approved by the Investor and which shall be borne by the Parties pro rata based on such sale proceeds or the value available for distribution (as applicable)) (the “Sale Proceeds”) with respect to such PS Investment Exit may, if decided by the Investor, be paid, in the case of cash into an interest bearing bank account under the control of the Investor, and in the case of non-cash proceeds at the direction of the Investor, pending distribution of the Sale Proceeds amongst the Parties.
Distribution of Sale Proceeds. Seller acknowledges that it has certain obligations as to distribution of the proceeds from the sale of the Transferred Assets to its shareholders and may be subject to claims of others due to the sale of the Transferred Assets and undertakes to timely perform such obligations or to contest or settle any claims for which Seller has a good faith defense, if appropriate, and to indemnify and defend Purchaser for any claims asserted against Purchaser in connection therewith.
Distribution of Sale Proceeds. The Restructuring shall be accomplished by the orderly sale of the assets (or the stock) of the Operating Companies and the Residual Assets whether by 363 Motion or a Plan. The Consenting Noteholders hereby agree to the sale or auction of the assets (or the stock) of the Operating Companies free and clear of Liens, with the Liens attaching to the proceeds from such sales, and agree to instruct both the Informal Committee (or the Official Noteholders Committee, as the case may be) and the Indenture Trustee and their professionals to consent to and support approval of such sales before the Bankruptcy Court (but not including the providing of any indemnity to the Indenture Trustee). Upon the closing of any sale of the assets (or the stock) of an Operating Company, the net proceeds, less a reserve for amounts due in connection with the Senior Management Incentive Program and the reserve as reasonably determined by the Debtors and the Informal Committee (or the Official Noteholder Committee, as the case may be) and approved by the Bankruptcy Court for Tail Liabilities, shall be distributed to the Indenture Trustee for the benefit of and distribution to the Noteholders in accordance with the Indenture. The Debtors and the Executives agree to support a plan that provides that the claims of the Noteholders/Indenture Trustee under the Indenture are an undersecured claim(s) and shall be treated through the cash and non-cash distributions contemplated hereby and issuance to the Noteholders of the beneficial interests in the Liquidating Trust. The Consenting Noteholders agree to direct and instruct the Informal Committee (or the Official Noteholders Committee, as the case may be) and the Indenture Trustee and their professionals to support such a plan before the Bankruptcy Court.
