Distributions Paid to Pledgee Sample Clauses

Distributions Paid to Pledgee. Any sums or other property paid or ------------------------------- distributed upon or with respect to any of the Pledged Shares, whether by dividend or redemption or upon the liquidation or dissolution of Chancellor or otherwise, shall, except to the limited extent provided in 6, be paid over and delivered to the Pledgee to be held by the Pledgee pursuant to the terms of this Agreement, as security for the payment and performance in full of all the Obligations. In the event that, pursuant to the recapitalization or reclassification of the capital of Chancellor or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Pledged Shares or any property shall be distributed upon or with respect to any of the Pledged Shares, the property so distributed shall be delivered to the Pledgee to be held by it as security for the Obligations. Except to the limited extent provided in 6, all sums of money and property paid or distributed in respect of the Pledged Shares, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by the Pledgee shall, until paid or delivered to the Pledgee, be held in trust for the Pledgee as security for the prompt payment and performance in full of all of the Obligations.
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Distributions Paid to Pledgee. Any sums or other property paid or distributed upon or with respect to any of the Pledged Shares and /or Pledged PECs, whether by dividend or redemption or upon the liquidation or dissolution of the Company thereof or otherwise, shall, except to the limited extent provided in Clause 7, be immediately paid over and delivered to the Pledgee to be held by the Pledgee, for the benefit of the Secured Parties, as security for the payment and performance in full of all of the Obligations. Except to the limited extent provided in Clause 7, in case, pursuant to the liquidation, dissolution, recapitalization or reclassification or otherwise of the capital of the Company or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Pledged Shares and /or Pledged PECs or any property shall be distributed upon or with respect to any of the Pledged Shares and /or Pledged PECs, the property so distributed shall be delivered to the Pledgee, for the benefit of the Secured Parties, to be held by it as security for the Obligations, provided, notwithstanding anything to the contrary in this Clause 5.1, any additional Shares or PECs issued or distributed hereby shall be governed by the provisions of Clause 2(b) above. Except to the limited extent provided in Clause 7, all sums of money and property paid or distributed in respect of the Pledged Shares and /or Pledged PECs as provided in this Clause 5.1 that are received by the Pledgor shall, until paid or delivered to the Pledgee, be held in trust for the Pledgee, for the benefit of the Secured Parties, as security for the payment and performance in full of all of the Obligations.
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Related to Distributions Paid to Pledgee

  • 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 of Special Payments 25 SECTION 2.5. DESIGNATED REPRESENTATIVES...................................................................... 28 SECTION 2.6. CONTROLLING PARTY............................................................................... 29 ARTICLE III RECEIPT, DISTRIBUTION AND APPLICATION OF AMOUNTS RECEIVED........................................... 31

  • Distributions; Investments Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so. Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.

  • Allocations Distributions Each item of income, gain, loss, deduction and credit of the Company shall be allocated 100% to the Member. Each distribution of cash or other property by the Company shall be made 100% to the Member. Distributions shall be made to the Member at the times and in the amounts determined by the Member.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority:

  • Distributions Other Than Cash Whenever the Depositary shall receive any distribution other than cash on the deposited Preferred Stock, the Depositary shall, subject to Sections 3.01 and 3.02, distribute to record holders of Receipts on the record date fixed pursuant to Section 4.04 such amounts of 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. The Depositary shall not make any distribution of securities to the holders of Receipts unless the Company shall have provided to the Depositary an opinion of counsel stating that such securities have been registered under the Securities Act or do not need to be registered. If in the opinion of the Depositary 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 property thus received, or any part thereof, at such place or places and upon such terms as it may deem proper. The net proceeds of any such sale shall be, subject to Sections 3.01 and 3.02, 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.

  • 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:

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

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