Common use of Excess Distribution Asset or outstanding Distribution Liabilities Clause in Contracts

Excess Distribution Asset or outstanding Distribution Liabilities. If the Value of such Asset Allocation exceeds the aggregate amount of the applicable Distribution Liabilities, then all such Distribution Liabilities will be Reduced in full by Appropriation in accordance with Clause 60.1.2 and any remaining Value of the Asset Allocation after Appropriation in accordance with Clause 60.1.2 shall be a Distribution to the TA Signatory. If the Value of the Asset Allocation is less than the aggregate amount of the applicable Distribution Liabilities, then the Asset Allocation will be Appropriated in full and any applicable Distribution Liability that is not Reduced in full in accordance with Clause 60.1.2 shall remain outstanding.

Appears in 2 contracts

Samples: Resolution Agreement, Resolution Agreement

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Excess Distribution Asset or outstanding Distribution Liabilities. If the Value amount of such Asset Collateral Allocation exceeds the aggregate amount of the applicable Distribution Liabilities, then all such applicable Distribution Liabilities will be Reduced in full by Appropriation in accordance with Clause 60.1.2 60.4.2 and any an amount equal to such remaining Value amount of the Asset Collateral Allocation after Appropriation in accordance with Clause 60.1.2 60.4.2 shall be a Distribution paid to the TA Signatory. If the Value amount of the Asset Collateral Allocation is less than the aggregate amount of the applicable Distribution Liabilities, then the Asset Collateral Allocation will be Appropriated in full and any applicable Distribution Liability that is not Reduced in full in accordance with Clause 60.1.2 60.4.2 shall remain outstanding.

Appears in 2 contracts

Samples: Resolution Agreement, Resolution Agreement

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Excess Distribution Asset or outstanding Distribution Liabilities. If the Value of such the Asset Allocation exceeds the aggregate amount of the applicable Distribution Liabilities, then all such applicable Distribution Liabilities will be Reduced in full by Appropriation in accordance with Clause 60.1.2 60.3.5 and any remaining Value of the Asset Allocation after Appropriation in accordance with Clause 60.1.2 60.3.5 shall be a Distribution to the TA Signatory. If the Value of the Asset Allocation is less than the amount of the aggregate amount of the applicable Distribution Liabilities, then the such Asset Allocation will be Appropriated in full and any applicable Distribution Liability that is not Reduced in full in accordance with Clause 60.1.2 60.3.5 shall remain outstanding.

Appears in 2 contracts

Samples: Resolution Agreement, Resolution Agreement

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