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

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

Appears in 2 contracts

Samples: Claim Resolution Agreement, Claim Resolution Agreement

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

Appears in 2 contracts

Samples: Claim Resolution Agreement, Claim Resolution Agreement

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