Distributions of the Settlement to the Class Sample Clauses

Distributions of the Settlement to the Class. Distributions to Class Members who are entitled to receive an allocation from the Settlement Fund will be made as follows: (a) For Class Members who are eligible for an immediate distribution from the ESOP or the AAI 401(k) Plan prior to the Final Approval Hearing and who elect to receive an immediate distribution prior to Final Approval, those Class Members’ settlement proceeds shall be distributed by check to those Class Members directly by the Settlement Administrator, unless the Class Member elects to roll over his or her settlement proceeds into an IRA account or another tax-qualified account, but the Parties and the Settlement Administrator shall have no responsibility or liability for or in connection with the determination of whether or not such Class Member is eligible to elect such a rollover. The Settlement Administrator shall make such distributions within the later of (ii) 30 days of the Final Order becoming Non-Appealable or (ii) 30 days after the Settlement Administrator has received amounts from the Settlement Fund and a direction or approval from Class Counsel regarding the allocation of any portion of the net proceeds of the Settlement Fund for these Class Members. (b) For Class Members who are not eligible for a distribution from the AAI 401(k) Plan or for those Class Members who do not make a distribution election prior to Final Approval (and for those Class Members who made an election pursuant to Paragraph 5(a) but fail to timely cash their checks), proceeds from the Settlement shall be transferred to each Class Member’s existing account in the AAI 401(k) Plan. If the Class Member does not have an existing AAI 401(k) Plan account, such an account will be established within the later of (i) 30 days of the Final Order becoming Non-Appealable or
Sample 1

Related to Distributions of the Settlement to the Class

  • Distributions Other than Spin-Offs If the Company distributes shares of its Capital Stock, evidences of its indebtedness or other assets or property of the Company, or rights, options or warrants to acquire Capital Stock of the Company or other securities, to all or substantially all holders of the Common Stock, excluding:

  • Distributions Other Than Cash Whenever the Depositary shall receive any distribution other than cash on the deposited Preferred Stock, the Depositary shall, subject to Section 3.02, distribute to record holders of Receipts on the record date fixed pursuant to Section 4.04 such amounts of the securities or other property received by it as are, as nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced by the Receipts held by such holders, in any manner that the Depositary and the Company may deem equitable and practicable for accomplishing such distribution. If in the opinion of the Depositary after consultation with the Company, such distribution cannot be made proportionately among such record holders, or if for any other reason (including any requirement that the Company or the Depositary withhold an amount on account of taxes) the Depositary deems, after consultation with the Company, such distribution not to be feasible, the Depositary may, with the approval of the Company, adopt such method as it deems equitable and practicable for the purpose of effecting such distribution, including the sale (at public or private sale) of the securities or other property thus received, or any part thereof, at such place or places and upon such terms as the Depositary may deem proper. The net proceeds of any such sale shall, subject to Section 3.02, be distributed or made available for distribution, as the case may be, by the Depositary to record holders of Receipts as provided by Section 4.01 in the case of a distribution received in cash. The Depositary shall not be obligated hereunder to make any distribution of such securities to the holders of Receipts unless the Company shall have provided to the Depositary, upon request of the Depositary, an opinion of counsel stating that such securities have been registered under the Securities Act or do not need to be registered thereunder in order to be freely transferable.

  • 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 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 Cumulative Notwithstanding the foregoing, distributions on the Series C Preferred Units will accrue whether or not the terms and provisions set forth in Section 19.2.C at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized.

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

  • DISTRIBUTIONS AND ADVANCES BY THE SERVICER Section 4.01 Advances..................................................... Section 4.02

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Distributions to the Borrower The Agent may (with the Borrower’s consent or in accordance with Clause 28 (Set-off)) apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

  • Distributions and Advances by the Master Servicer 64 SECTION 4.1 Advances..........................................................................................64 SECTION 4.2 Priorities of Distribution........................................................................65