Common use of Distributions in Cash Clause in Contracts

Distributions in Cash. Subject to the other provisions of this Agreement (including Clause 7), the Grantor shall pay, or procure the payment to, the Participant promptly and in any case within seven (7) Business Days after receipt of an amount equal to any Distribution received or to be received by the Grantor in cash in respect of the Participation Assets.

Appears in 4 contracts

Samples: Participation Agreement (Zage George Raymond III), Participation Agreement (Brest Jeremy), Participation Agreement (Zage George Raymond III)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!