Interim Distribution Sample Clauses

Interim Distribution. Interim Distribution means a lump sum payment within forty-five (45) days following the Interim Distribution Date to the Participant from the Interim Distribution Balance sub-account pertaining to that Interim Distribution. A Participant may elect to have one or more Interim Distributions but no more than three Interim Distribution Dates may be outstanding at any given time.
Sample 1
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Interim Distribution. (a) A Participant may elect, on the Compensation Dispersal Agreement for a given Compensation deferral, to have a portion, or all, of such Voluntary Deferral, as well as any hypothetical investment gains and losses specifically attributable to such deferrals, paid within forty-five (45) days following an Interim Distribution Date designated by the Participant. Upon deferral, the portion of the Voluntary Deferral designated by the Participant to be distributed as an Interim Distribution shall be credited to the Interim Distribution Balance. (b) The Participant may also elect a "maximum amount" for the Interim Distribution. In the event the Interim Distribution Balance relating to a given Interim Distribution Date exceeds the specified maximum amount at the time specified for distribution, then the excess balance shall be credited to the Termination Benefit Balance. Otherwise, the Interim Distribution Balance shall be the distribution amount. The Interim Distribution shall be measured as of the close of business on the last business day of the calendar year preceding the applicable Interim Distribution Date. (c) Notwithstanding a Participant's election to receive an Interim Distribution, the entire Interim Distribution Balance shall be distributable upon the occurrence of any event which triggers a Termination Benefit distribution (whether lump sum or installments) under any other provision of this Article V.
Sample 1
Interim Distribution. Within fifteen days after the Interim Date, the Escrow Agent shall distribute to the Stockholders a number of shares of Lightbridge Common equal to: (a) (i) fifty percent of the Stock Consideration Number, multiplied by the Initial Price,
Sample 1
Interim Distribution. An interim distribution of all of the 66 physical and original Notes and part cash held by WaferGen Malaysia will be made by the Liquidator. 4.2.1 The Notes will be distributed in accordance with the numbers set out in Table 2 above. The Notes will be distributed by the Liquidator by indorsing (without recourse to the Liquidator) each Note to be distributed, in favour of the respective Shareholders, and delivering the Note to the respective Shareholders. 4.2.2 The amount of cash that will be distributed will be later determined by the Liquidator and this amount will be distributed in accordance with the percentages set out in Table 2 above. The cash will be distributed by the Liquidator by cheque or bank remittance in favour of the respective Shareholders. The interim distribution will be made by the Liquidator not more than 30 days after the commencement of the voluntary winding up of WaferGen Malaysia.
Sample 1
Interim Distribution. Date Shall be a date that is prior to the Participant’s Separation from Service elected by the Participant to receive a distribution from the Plan
Sample 1
Interim Distribution. The Parties to the Agreement agree that interim distribution will only made to Senior Limited Partner. The interim distribution plan with respect to each tranche of contributions made by Senior Limited Partner is as follows: (1) The Partnership shall make interim distribution to Senior Limited Partner within five (5) working days from expiration of each 12-month period of payment of the then-current tranche of contributions by Senior Limited Partner, which shall be limited to the cash-form property of the Partnership upon full payment of all outstanding expenses, taxes and liabilities (if any) of the Partnership to be covered by the then-current tranche of contributions, until the proceeds from the capital contributions of Senior Limited Partner for the then-current tranche are up to the threshold income calculated at the interim annual rate of threshold income of Senior Limited Partner (from the date when Senior Limited Partner pays the contributions for the then-current tranche); (2) The threshold income calculated at the interim annual rate of threshold income of Senior Limited Partner = paid-in contributions of Senior Limited Partner for the then-current tranche × 10% × the actual number of days from the date of payment of the tranche of contribution of the then-current phase (inclusive) until the then-current date of distribution of investment income of Senior Limited Partner (exclusive) / 365 - all the proceeds distributed to Senior Limited Partner in connection with the paid-in contributions of the then-current tranche as of the then-current income distribution date.
Sample 1
Interim Distribution. Promptly following the date that is twenty (20) business days after completion of the audit of the Purchaser and its Subsidiaries’ combined financial statements for the fiscal year ending May 27, 2005 and issuance of the opinion thereon by the auditors, but in no event later than the date that is twelve (12) months after the Effective Time, Purchaser and the Shareholder Representative shall provide joint written instructions to the Escrow Agent to release from the Escrow Fund a number of Escrow Shares equal to (i) 33.33% of the Escrow Fund minus (ii) the number of Escrow Shares delivered as of such date to Purchaser or any Purchaser Indemnitees pursuant to Section 3.1 as a result of Claim Certificates minus (iii) the number of Escrow Shares that are the subject of any dispute, in accordance with Section 3.2 hereof, respecting a good faith Claim Certificate or the subject matter of such Claim Certificate that has not yet been resolved in accordance with Section 3.2. Promptly following receipt of such joint written instructions, the Escrow Agent shall as promptly as practicable distribute to the Holders, pro rata, according to the number of shares of Company Common Stock held by the Holders immediately prior to the Effective Time (consistent with the manner of calculation described in Section 2.7 hereof) the number of Escrow Shares identified in such joint written instructions. Purchaser shall, and shall cause its stock transfer agent to, execute and deliver such stock certificates and other instruments as may be required in connection with, and otherwise assist and cooperate with the Escrow Agent in making, any distribution of the Escrow Fund to the Holders pursuant to this Section 5.1.
Sample 1
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Interim Distribution. The interim distribution described in Section 2(d) above is in all respects correct and accurate.
Sample 1

Related to Interim Distribution

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Final Distribution The Issuer shall give the Indenture Trustee at least 30 days written notice of the Payment Date on which the Noteholders of any Series, Class or Tranche may surrender their Notes for payment of the final distribution on and cancellation of such Notes. Not later than the fifth day of the month in which the final distribution in respect of such Series, Class or Tranche is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such Series, Class or Tranche specifying (i) the date upon which final payment of such Series, Class or Tranche will be made upon presentation and surrender of Notes of such Series, Class or Tranche at the office or offices therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Notes at the office or offices therein specified (which, in the case of Bearer Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. (a) Notwithstanding a final distribution to the Noteholders of any Series, Class or Tranche of Notes (or the termination of the Issuer), except as otherwise provided in this paragraph, all funds then on deposit in any Issuer Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the Paying Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date specified in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto (which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any Supplemental Issuer Accounts held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuer any monies held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Issuer, Noteholders entitled to the money must look to the Issuer for payment as general creditors unless an applicable abandoned property law designates another Person.

  • Final Distributions Upon the winding up of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

  • 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: (i) First, to creditors of the Series, including the Members who are creditors, to the extent otherwise permitted by law, in satisfaction (whether by payment or the making of reasonable provision for payment thereof) of all debts, liabilities, obligations and expenses of the Series, including, without limitation, the expenses incurred in connection with the liquidation of the Series; and (ii) Second, to the Members pro rata in proportion to their holdings of Shares, with such Distributions to be made by the end of the Fiscal Year during which the liquidation occurs (or, if later, ninety (90) days after the date of the liquidation).

  • Required Distributions Except in the case of a special needs beneficiary, the assets of the Xxxxxxxxx ESA are required to be distributed to the designated beneficiary within 30 days of the designated beneficiary’s attainment of age 30. The designated beneficiary will be subject to both income tax and an additional 10 percent penalty tax on the portion of the distribution that represents earnings, if the designated beneficiary does not have any qualified education expenses in that year. Any balance remaining in the Xxxxxxxxx ESA upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a death beneficiary is named and the death beneficiary is a qualified family member under age 30. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the date of death. Qualified family members include the designated beneficiary’s child, grandchild, or xxxxxxxxx, brother, sister, stepbrother, or stepsister, nephew or niece, parents, stepparents, or grandparents, uncle or aunt, spouses of all the family members listed above, cousin, and the designated beneficiary’s spouse. If a qualified family member becomes the designated beneficiary, the custodian, if it so chooses for any reason (e.g., due to limitations of its charter or bylaws), may require a total distribution of the Xxxxxxxxx ESA by December 31 of the year following the year of the original designated beneficiary’s death.

  • No Distribution Except with respect to any Shares that may be offered and sold pursuant to the Registration Statement, Counterparty is not entering into the Transaction to facilitate a distribution of the Shares (or any security that may be converted into or exercised or exchanged for Shares, or whose value under its terms may in whole or in significant part be determined by the value of the Shares) or in connection with any future issuance of securities.

  • Liquidation Distribution Distributions made upon dissolution of the Partnership shall be made as provided in Section 9.03.

  • Liquidation Distributions All property and all cash in excess of that required to discharge liabilities as provided in Section 12.4(b) shall be distributed to the Partners in accordance with, and to the extent of, the positive balances in their respective Capital Accounts, as determined after taking into account all Capital Account adjustments (other than those made by reason of distributions pursuant to this Section 12.4(c)) for the taxable year of the Partnership during which the liquidation of the Partnership occurs (with such date of occurrence being determined pursuant to Treasury Regulation Section 1.704-1(b)(2)(ii)(g)), and such distribution shall be made by the end of such taxable year (or, if later, within 90 days after said date of such occurrence).

  • REMIC Distributions On each Distribution Date the Trustee shall be deemed to have allocated distributions to the REMIC I Regular Interests, REMIC II Regular Interests, Class CE Interest, Class P Interest and Class IO Interest in accordance with Section 5.07 hereof.

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