Common use of Distributions on Liquidation Clause in Contracts

Distributions on Liquidation. In the event of the dissolution or total or partial liquidation of the Company, the Trustee shall receive the money, securities, rights, or property to which holders of Shares of the Company are entitled, and shall distribute it among the Voting Trust Certificate Holders in proportion to their interests, as shown by the books of the Trustee. If applicable, the Trustee may withhold from the distribution the deductions provided for in Section 6.05.

Appears in 3 contracts

Samples: Agreement, Equity Purchase Agreement (Staktek Holdings Inc), Equity Purchase Agreement (Staktek Holdings Inc)

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Distributions on Liquidation. In the event of the dissolution or total or partial liquidation of the Company, the Trustee shall receive the moneymoneys, securities, rights, or property to which holders of Shares the Trustee as a Shareholder of the Company are is entitled, and shall distribute it among the Voting Trust Certificate Holders in proportion to their interests, as shown by the books of the Trustee. If applicable, the Trustee may withhold from the distribution the deductions provided for in Section 6.05.

Appears in 2 contracts

Samples: Voting Trust Agreement (Mead Robert E), Voting Trust Agreement (Silverleaf Resorts Inc)

Distributions on Liquidation. In the event of the dissolution or total or partial liquidation of the Company, the Trustee Trustees shall receive the money, securities, rights, or property to which holders of Shares Shareholders of the Company are entitled, and shall distribute it among the Voting Trust Certificate Holders in proportion to their interests, as shown by the books of the Trustee. If applicable, the Trustee may withhold from the distribution the deductions provided for in Section 6.05.

Appears in 2 contracts

Samples: Voting Trust Agreement (Boots & Coots International Well Control Inc), Voting Trust Agreement (Boots & Coots International Well Control Inc)

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Distributions on Liquidation. In the event of the dissolution or total or partial liquidation of the Company, the Trustee shall receive the moneymoneys, securities, rights, or property to which holders of Shares of the Company Shareholders are entitled, and shall distribute it among the Voting Trust Certificate Holders Shareholders in proportion to their interests, as shown by the books of the Trustee. If applicable, the Trustee may withhold from the distribution the deductions provided for in Section 6.05.

Appears in 1 contract

Samples: Voting Trust Agreement (Braun Consulting Inc)

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