DISTRIBUTIONS OF NET PROCEEDS Sample Clauses

DISTRIBUTIONS OF NET PROCEEDS. (a) Net Proceeds shall be computed and distributed by the Company once, on an aggregated basis of all stocks in which the Company has traded, at the earlier of (i) a determination by the Investment Manager in his sole discretion, (ii) the resignation or other termination of the Investment Manager, (iii) the liquidation or winding up of the Company or (iv) the end of the Management Term. "Net Proceeds" shall be defined as dividends received, interest income, all net trading profits (i.e. proceeds from the sale of Stock less the Company's basis in the Stock) less all expenses (including but not limited to brokerage commissions, the Management Fee and other applicable accounting or professional fees but not including the Unrecovered 20% IM Fee) all as computed in accordance with generally accepted accounting principles.
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DISTRIBUTIONS OF NET PROCEEDS. Parent shall, as promptly as practical after the later of the Escrow Release Date and the receipt of Net Proceeds but in no event after the third anniversary of Closing, at which time this Section 1.12(c) shall expire, make a Payment of such Net Proceeds to the Payment Agent for the benefit of the Parent Closing Date Shareholders, in an amount equal to (i) the aggregate Net Proceeds received by Parent through the date of such Payment, less (ii) the aggregate amount of all Payments of Net Proceeds made to date; provided that such Payment will be made pursuant to Section 302A.551 of the Minn. Bus. Corp. Act with
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DISTRIBUTIONS OF NET PROCEEDS. All Net Proceeds, when distributed, shall be distributed among the Partners in the proportion that the Capital Accounts of each Partner bears to the total Capital Accounts of all Partners as of the date of the sale or refinancing or the dissolution and liquidation resulting in such Net Proceeds.
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DISTRIBUTIONS OF NET PROCEEDS. Each distribution of Net Proceeds ----------------------------- and each in kind distribution of securities including, without limitation, all distributions of Monitoring Fees, Transaction Fees and Break-up Fees, shall be made to the Partners in the following priority calculated cumulatively (subject to Sections 8.7 and 8.8); provided that all Monitoring Fees, Transaction Fees ------------ --- and any other payments received from a Portfolio Company shall be treated as if received as a result of the disposition of the Portfolio Company that paid such amount and all Tax Distributions previously received shall be taken into account as set forth in Section 4.1(d): -------------- (a) First, 100% to the Partners pro rata according to their ----- respective Capital Contributions until each Partner has received cumulative distributions pursuant to this Section 4.3(a) equal to such Partner's aggregate -------------- P.
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DISTRIBUTIONS OF NET PROCEEDS. (a) The Company shall distribute Net Proceeds to the Members as soon as practicable after the occurrence of the event giving rise to the Net Proceeds, in the following order of priority: (i) First, to MCHP in an amount equal to its Unpaid Preferred Return; (ii) Second, to the Members in proportion to their Unrecovered Capital Contributions (including MCHP's Capital Contribution in the amount of the Purchase Price) until their Unrecovered Capital Contributions (including MCHP's Capital Contribution in the amount of the Purchase Price) have been reduced to zero; and
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DISTRIBUTIONS OF NET PROCEEDS. To the extent that Corporation receives net proceeds (as a distribution from the Operating Partnership or otherwise) as a result of each sale, or change of control of, any Contributed Property, Additional Property, Interest or Additional Interest (collectively, "Net Proceeds"), it must first apply such Net Proceeds, subject only to amounts reasonably reserved by the Board of Directors, in its reasonable discretion, for a specified business purpose, to the payment of all accumulated and unpaid dividends outstanding on the Senior Preferred Stock (or, if insufficient Net Proceeds are available for distribution, pro rata among each outstanding share of Senior Preferred Stock) to the holders of Senior Preferred Stock. Any remaining Net Proceeds will be distributed by Corporation, 75% to the holders of Senior Preferred Stock (each, a "Distribution of Remaining Net Proceeds"), with the remaining 25% of the Net Proceeds available for distribution to the holders of Company Common Stock. The amount of such Distribution of Remaining Net Proceeds will be applied to the optional redemption and accordingly, reduce, on a dollar for dollar basis, the liquidation preference of the Senior Preferred Stock, as set forth in the Articles. Corporation, in effecting such Distribution of Remaining Net Proceeds, will comply with the provisions of Corporation's Articles as then in effect concerning Corporation's redemption of shares of Senior Preferred Stock.
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DISTRIBUTIONS OF NET PROCEEDS 
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Related to DISTRIBUTIONS OF NET PROCEEDS

  • Distributions of Net Cash Flow The Net Cash Flow of the Partnership for each calendar year, shall be distributed to the Partners from time to time, in the discretion of the General Partner, in accordance with the Percentage Interests of the Partners.

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed simultaneously to the Members in proportion to their relative Percentage Interests within forty-five days after the end of such quarter.

  • Application of Net Proceeds The Company shall apply the net proceeds from the Offering received by it in a manner consistent with the application thereof described under the caption “Use of Proceeds” in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Application of Net Liquidation Proceeds For all purposes under this agreement, Net Liquidation Proceeds received from a Servicer shall be allocated first to accrued and unpaid interest on the related Mortgage Loan and then to the unpaid principal balance thereof.

  • Distributions and Repurchases No distribution, payment or dividend of any kind has been declared or paid by Company on any of its capital stock since the Balance Sheet Date. No repurchase of any of Company's capital stock has been approved, effected or is pending, or is contemplated by Company.

  • Subordinated Share of Net Sales Proceeds The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.

  • Distribution of Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows: (a) First, to the payment of, or (as the case may be) the reimbursement of the Agent for or in respect of, all reasonable out-of-pocket costs, expenses, disbursements and losses which shall have been paid, incurred or sustained by the Agent in connection with the collection of such monies by the Agent, for the exercise, protection or enforcement by the Agent of all or any of the rights, remedies, powers and privileges of the Agent or the Lenders under this Agreement or any of the other Loan Documents or in support of any provision of adequate indemnity to the Agent against any taxes or liens which by law shall have, or may have, priority over the rights of the Agent or the Lenders to such monies; (b) Second, to all other Obligations and Hedge Obligations (including any interest, expenses or other obligations incurred after the commencement of a bankruptcy or other proceeding under any Insolvency Law) in such order or preference as the Majority Lenders shall determine; provided, that (i) Swing Loans shall be repaid first, (ii) distributions in respect of such other Obligations shall include, on a pari passu basis, any Agent’s fee payable pursuant to §4.2, (iii) in the event that any Lender is a Defaulting Lender, payments to such Lender shall be governed by §2.13, and (iv) except as otherwise provided in clause (iii), Obligations owing to the Lenders with respect to each type of Obligation such as interest, principal, fees and expenses and Hedge Obligations (but excluding the Swing Loans) shall be made among the Lenders and Lender Hedge Providers, pro rata, and as between the Revolving Credit Loans and Term Loans pro rata; and provided, further that the Majority Lenders may in their discretion make proper allowance to take into account any Obligations not then due and payable; and (c) Third, the excess, if any, shall be returned to the Borrower or to such other Persons as are entitled thereto.

  • Allocations of Net Profits and Net Losses Except as otherwise set forth herein, Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members in proportion to their respective Capital Accounts.

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