Income Distributions. 6 SECTION 3.2 Principal Payments Following Termination Event....
Income Distributions. All income distributions received by the Securities Intermediary on account of the [Preferred Securities, the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) in the Treasury Portfolio,] the Notes or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders as provided in the Purchase Contracts or the Purchase Contract Agreement.
Income Distributions. All income distributions, including dividends, received by the Securities Intermediary on account of the Shares or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders as provided in the Purchase Contracts.
Income Distributions. All income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Pledged Senior Notes, the Pledged Treasury Portfolio Interest or Permitted Investments from time to time held in the Collateral Account, if any, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders in whose names the Corporate PIES or Treasury PIES are registered at the close of business on the Record Date (as specified in the Purchase Contract Agreement) preceding the date of such distribution as provided in the Purchase Contract Agreement. Notwithstanding the foregoing, income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Treasury Portfolio Interest shall not exceed the Treasury Portfolio Return.
Income Distributions. The Pledgor shall be entitled to receive all cash flows from the Collateral, including all interest, dividends, principal and other income distributions (other than liquidating dividends and distributions) from the Account in an aggregate amount not to exceed $3,000,000.00 from the date of this Agreement through and including October 31, 2010.” and the following section shall be inserted in its place:
Income Distributions. The Pledgor shall be entitled to receive all cash flows from the Collateral, including all interest, dividends, principal and other income distributions (other than liquidating dividends and distributions) from the Account in an aggregate amount not to exceed $3,500,000.00 from January 15, 2010 through and including February 15, 2011.”
6. In the event that Borrower or Pledgor fails to satisfy any covenants, representations, warranties, or agreements of this Agreement or any other Loan Document (other than the violations giving rise to the Sixth Forbearance Disclosed Defaults) such failure shall immediately and without further notice or any grace period constitute an event of default under this Agreement (“Forbearance Default”) and Lender shall have no further obligation to forbear from exercising any of its rights or remedies under the Loan Documents, this Agreement, or any agreement or document executed in connection herewith or required herein and Borrower shall no longer have the right to satisfy the Liabilities by paying to Lender the Capital Proceeds Payment.
7. Upon the occurrence of a Forbearance Default as defined in Paragraph 6 hereof, Lender may, at its own option, terminate its obligations under this Agreement and the indebtedness due under the Loan Documents shall be immediately due and payable, all without demand, presentment, or other notice of any kind, all of which are hereby expressly waived, and Lender shall be entitled to immediately exercise all rights and remedies available herein and under the Loan Documents, the Uniform Commercial Code, and any other applicable state or federal law. Notwithstanding the foregoing, however, the representations, warranties, acknowledgments, covenants, and agreements made by Borrower and Pledgor herein shall survive any election of Lender to terminate its obligations hereunder in the event of a Forbearance Default.
8. Borrower and Pledgor acknowledge and agree that the Sixth Forbearance Disclosed Defaults either have occurred and are existing under the Loan Documents as of the Effective Date or will occur during the Forbearance Period and further acknowledge and agree that Lender is entitled to take all actions legally available to it under the Loan Documents or applicable law upon the occurrence of a Forbearance Default without any further or additional notice or grace period to Borrower or Pledgor.
9. Borrower and Pledgor restate, acknowledge and agree that: (i) the amounts set forth in Recital C above...
Income Distributions. CIS Portfolios may earn interest and dividends from the underlying assets. This is declared as an income distribution if the interest and dividends exceed the CIS Portfolio’s total expenses. If the total expenses are more than the income earned, the CIS Portfolio will not make a distribution. The distribution can be monthly, quarterly, bi-annually or annually depending on the CIS Portfolio you have selected. Please refer to the relevant Portfolio Supplement(s) for any Portfolio specific information with regards to income distributions.
Income Distributions. Section 3.2. Principal Payments Following Termination Event. . . . . . . . . . . . . . . . . .
Income Distributions. All income distributions received by the Securities Intermediary on account of the Preferred Securities, the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) of the Treasury Portfolio, the [Subordinated] Notes or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent (ABA No. [ ], GLA No. [ ], A/C No. [ ], Re: Cinergy Corp.) for the benefit of the applicable Holders as provided in the Purchase Contracts or Purchase Contract Agreement.
Income Distributions. During the lifetime of surviving Settlor, the Trustees shall pay the net income from the Marital Trust to the surviving Settlor in quarterly installments, or apply the same directly for the support of surviving Settlor should surviving Settlor by reason of age, illness or any other cause in the opinion of the Trustees be incapable of disbursing it.
