Distribution on Termination Date Sample Clauses

Distribution on Termination Date. On the Termination Date, the Trustee shall: (a) repay all loans referred to in article 8.03 (f) hereof; (b) pay the Trust Assets then remaining to the Crown.
Sample 1
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Distribution on Termination Date. (a) If the Termination Date occurs pursuant to Section 1.2 (iii) above because the stockholders of Acquiror approve the Merger, then upon receipt of a memorandum 2 of the parties stating that this Agreement has terminated pursuant to Section 1.2(iii), the Escrow Agent shall, within five (5) business days following the receipt of the memorandum, deliver to the Target Stockholders all of the Nasdaq Escrow Shares. Deliveries of these shares to the Target Stockholders pursuant to this provision shall be made on a pro rata basis in accordance with the number of shares of Target Common Stock held by the Target Stockholders at the Effective Time. (b) If the Termination Date occurs pursuant to Section 1.2 (ii) above because six (6) months have passed since the Effective Date, then upon receipt of (1) the Cash Payment (as defined below) and (2) a memorandum of the parties stating that this Agreement has terminated pursuant to Section 1.2 (ii), the Escrow Agent shall, within five (5) business days following the receipt of the Cash Payment and the memorandum, (X) deliver to the Target Stockholders all of the Cash Payment and (Y) deliver to the Acquiror all of the Nasdaq Escrow Shares. Deliveries of the Cash Payment to the Target Stockholders pursuant to this provision shall be made on a pro rata basis in accordance with the number of shares of Target Common Stock held by the Stockholders at the Effective Time. Upon receipt of the Nasdaq Escrow Shares, the Acquiror shall cancel them. The aggregate amount of these pro rata cash payments (the "Cash Payment") shall be determined by multiplying the number of Nasdaq Escrow Shares returned to the Acquiror by the closing price per share of Acquiror's Common Stock on the Nasdaq National Market on the day immediately prior to the date of return of the Nasdaq Escrow Shares. (c) If the Termination Date occurs pursuant to Section 1.2 (i) above because there is a Change of Control of the Acquiror, then upon receipt of a memorandum of the parties stating that this Agreement has terminated pursuant to Section 1.2 (i), the Escrow Agent shall, within five (5) business days following the receipt of the memorandum, deliver to the Target Stockholders all of the Nasdaq Escrow Shares. Deliveries of these shares to the Target Stockholders pursuant to this provision shall be made on a pro rata basis in accordance with the number of shares of Target Common Stock held by the Target Stockholders at the Effective Time.
Sample 1
Distribution on Termination Date. On the Termination Date, if any Escrowed Assets remain undisbursed (the “Undisputed Assets”), the Escrow Agent shall, not more than (5) Business Days after the Termination Date, disburse the Undisputed Assets to the Company Shareholders in accordance with the instructions of the Company Shareholders’ Representative.
Sample 1

Related to Distribution on Termination Date

  • Compensation on Termination An Employee whose services have been terminated for any cause and who within three (3) months of separation is diagnosed by a physician as having tuberculosis, shall be entitled to the above compensation and the salary rate shall be based on the salary he was receiving at the time his services were terminated. The benefits of this provision may be extended for an additional three (3) months, provided that the former Employee concerned submits a x-ray plate taken within three (3) months after the termination of employment.

  • Termination on Change of Control 26.12.1 The Supplier shall notify the Authority immediately in writing if the Supplier undergoes a change of control within the meaning of Section 450 of the Corporation Tax Act 2010 ("Change of Control") and provided this does not contravene any Law shall notify the Authority immediately in writing of any circumstances suggesting that a Change of Control is planned or in contemplation. The Authority may terminate this Framework Agreement by giving notice in writing to the Supplier with immediate effect within six (6) Months of: (a) being notified in writing that a Change of Control has occurred; or (b) where no notification has been made, the date that the Authority becomes aware of the Change of Control, if it believes, acting reasonably, that such change is likely to have an adverse effect on the provision of the Services, but it shall not be permitted to terminate this Framework Agreement where an Approval was granted prior to the Change of Control

  • Payments After Termination No payments of money by Tenant to Landlord after the termination of this Lease, in any manner, or after giving of any notice (other than a demand for payment of money) by Landlord to Tenant, shall reinstate, continue or extend the term of this Lease or affect any notice given to Tenant prior to the payment of such money, it being agreed that after the service of notice of the commencement of a suit or other final judgment granting Landlord possession of the Premises, Landlord may receive and collect any sums of rent due, or any other sums of money due under the terms of this Lease or otherwise exercise its rights and remedies hereunder. The payment of such sums of money, whether as rent or otherwise, shall not waive said notice or in any manner affect any pending suit or judgment theretofore obtained.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • H2 Termination on Default H2.1 The Authority may terminate the Contract by written notice in accordance with clause A5.2 (Notices) to the Contractor with immediate effect if the Contractor commits a Default and if:

  • Termination on Death This Occupation Right Agreement shall terminate upon the death of the Resident, or, where two Residents have jointly signed this Occupation Right Agreement, upon the death of the surviving Resident. No notice of termination is required if the reason for termination is because the last surviving Resident has died.

  • Termination on Notice The Province may terminate the Agreement at any time without liability, penalty, or costs upon giving at least 30 days’ Notice to the Recipient.

  • Term; Termination; Rights on Termination The term of this Agreement shall begin on the date hereof and continue for three (3) years, and, unless terminated sooner as herein provided, shall continue thereafter on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (such initial three year period and any extensions thereof being referred to herein as the "Term"). This Agreement and Employee's employment may be terminated in any one of the following ways:

  • Termination Apart from Change of Control In the event the Employee’s employment is terminated for any reason, either prior to the occurrence of a Change of Control or after the twelve (12) month period following a Change of Control, then the Employee shall be entitled to receive severance and any other benefits only as may then be established under the Company’s (or any subsidiary’s) then existing severance and benefits plans or pursuant to other written agreements with the Company.

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