Distributions of Capital. Except as expressly provided in this Agreement or as otherwise agreed by the Members, no Member shall be entitled to withdraw capital or to receive distributions of or against capital without the prior written consent of, and upon the terms and conditions agreed upon by, the Members. Each Member shall look solely to the assets of the Company for return of such Member’s capital contributions.
Distributions of Capital. On the bases and assumptions and subject to the exceptions set out or referred to in Schedule 2, distributions of capital by each party will be made on the principle that the ratio of the interests of the holders of Publicly-held RTL Ordinary Shares on a per share basis in the aggregate underlying capital of RTL and RTP taken as a whole (the “Aggregate Capital”) to the interests of the holders of the Publicly-held RTP Ordinary Shares on a per share basis in the Aggregate Capital will equal the Equalisation Ratio.
Distributions of Capital. (a) Subject to any rights, powers, obligations, liabilities and restrictions applicable to a Class, the Trustee may determine to distribute capital to Unit Holders (or Unit Holders of a Class) in addition to any other distributions to be made to Unit Holders (or Unit Holders of that Class) in respect of a Distribution Period.
(b) Subject to any rights, powers, obligations, liabilities and restrictions applicable to a Class, each Unit Holder on the Register at close of business on the date determined by the Trustee is entitled to a share of the distribution of capital:
(i) pro rata to the number of Units they respectively hold as at that time; or
(ii) where there are Partly Paid Units on issue, pro rata in the proportion that the total Paid Up Amounts of that Unit Holder’s Units bears to the aggregate Paid Up Amounts of all Units on issue as at that time.
Distributions of Capital. 4.1. The Organisation acknowledges that capital distributions will be permitted by Te Karaka in the following circumstances:
a. The capital distribution must not result in the balance of the Fund falling below the minimum balance stated in Section 1;
b. The Organisation must give Te Karaka notice in writing of the amount and purpose for the capital distribution, and acknowledge it may take up to 60 days for Te Karaka to process this application.
c. The request to Te Karaka must be accompanied by a resolution approving the request, passed by the Organisation and signed by two of its Trustees/ Committee Members.
4.2. In addition to the operating donation in section 3.7 above, the Organisation will, at the time that the capital distribution is made, pay Te Karaka Foundation a brokerage fee amounting to 0.50% of the value of any capital distribution made.
4.3. The making of capital distributions will be only after consultation between the Organisation and Te Karaka Foundation.
Distributions of Capital. Subject to the provisions of clauses 12.7, 12.10 and 12.11, Capital Proceeds shall be distributed in accordance with clause 12.1, in Sterling, as soon as practicable after the relevant amounts have been received by the Partnership. Pending distribution of sums, all such amounts shall be placed in an account with a UK Credit Institution or, with the consent of the Preferred Partner, another financial institution.
Distributions of Capital. Subject to the provisions of Clauses 6.5.3 and 6.5.4, distributions of a capital nature shall be made at such time or times, as soon as practicable after the relevant amount becomes available for distribution.
Distributions of Capital. Except as expressly provided in this Agreement or as otherwise agreed by the Members, no Member shall receive interest on its capital and no Member shall be entitled to withdraw capital or to receive distributions of or against capital without the prior written consent of, and upon the terms and conditions agreed upon by, all of the Members. Each Member shall look solely to the assets of the Company for return of such Member's capital contributions.
Distributions of Capital. The Trustee may, in the exercise of an absolute discretion, pay or transfer all or any part of the Capital of the Trust Property to the Beneficiaries in such manner and upon such terms and conditions as the Trustee in the exercise of an absolute discretion may decide.
Distributions of Capital. Except as may otherwise be provided for in the Joint Agreement, the Partners may from time to time, by majority vote, cause the Partnership to distribute cash and/or other property to the Partners as a return of capital. Distributions made pursuant to this Paragraph 9.3 need not be made in accordance with the Partner's units or capital accounts. Rather, distributions pursuant to this Paragraph 9.3 can be made to any Partner, as long as that distribution is designated as a "return of capital;" provided, however, that distributions under this Paragraph 9.3 may only be made to a Partner to the extent of the positive balance in that Partner's capital account and provided, further, that no distribution under this Paragraph 9.3 may be made that is not pro rata to all partners without the express written consent of a majority of the Partners.
Distributions of Capital. Under circumstances requiring a return of any Capital Contribution, no Partner shall have the right to receive property other than cash.
