Mechanics of Distribution Sample Clauses

Mechanics of Distribution. 22 SECTION 3.03
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Mechanics of Distribution. The Distribution shall be effected by the distribution to each holder of record of Weatherford Common Stock (other than the Trust), as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of Weatherford (the "Record Date"), of one share of Grant Common Stock for each share of Weatherford Common Stock held by such holder. No
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Mechanics of Distribution. The Distribution shall be effected by the distribution to each holder of record of Company Common Stock and Company Class A Common Stock, as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of the Company (the "Record Date"), of certificates representing one share of Newco Common Stock and one associated Right for each share of Company Common Stock and one share of Newco Class A Common Stock and one associated Right for each share of Company Class A Common Stock held by such holder.
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Mechanics of Distribution. The Distribution shall be effected by the distribution to each holder of record of GulfMark Common Stock, as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of GulfMark (the "Record Date"), of certificates representing two shares of Spinco Common Stock for each share of GulfMark Common Stock held by such holder.
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Mechanics of Distribution. (a) The Partnership Distribution shall be effected by the distribution to each holder of record of Horizon OP Units as of the close of the transfer books immediately prior to the Mergers of one (1) Newco OP Unit multiplied by the number of Horizon OP Units held by such holder.
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Mechanics of Distribution. B-11 3.2. Timing of Distribution........................................ B-12 ARTICLE IV OTHER AGREEMENTS 4.1. Use of Names, Trademarks, etc................................. B-12 4.2. Intercompany Accounts as of the Time of Distribution.......... B-12 4.3. Hunting Lease................................................. B-12 4.4. Airplanes..................................................... B-12 4.5. Intercompany Arrangements..................................... B-12 4.6. Further Assurances............................................ B-13 ARTICLE V
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Mechanics of Distribution. The Distribution shall be effected by the distribution to each holder of record of Company Common Stock, as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of the Company (the "Record Date"), of certificates representing one share of VRM Common Stock and associated VRM Right for each share of Company Common Stock held by such holder. 3.2.
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Mechanics of Distribution. The Distribution shall be effected by the distribution to each holder of record of Weatherford Common Stock (other than the Trust), as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of Weatherford (the "Record Date"), of one share of Grant Common Stock for each two shares of Weatherford Common Stock held by such holder. No fraction of a share of Grant Common Stock shall be issued, but in lieu thereof each holder of shares of Weatherford Common Stock who otherwise would be entitled to a fraction of a share of Grant Common Stock shall receive a whole share of Grant Common Stock for such fraction of a share. All shares of Weatherford Common Stock held by a record holder other than nominee holders shall be aggregated for purposes of computing the number of shares of Grant Common Stock to be issued pursuant to this Section 3.3.
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Mechanics of Distribution 
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Related to Mechanics of Distribution

  • Priorities of Distribution (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:

  • Payment of Distributions Subject to the rights of holders of Parity Preferred Units and any holders of Partnership Interests issued after the date of issuance of the Series A Preferred Units in accordance herewith ranking senior to the Series A Preferred Units as to the payment of distributions, holders of Series A Preferred Units shall be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash and Capital Transaction Proceeds, cumulative preferential cash distributions at the rate per annum of 8.125% of the original Capital Contribution per Series A Preferred Unit. Such distributions shall be cumulative, shall accrue from the original date of issuance and will be payable (A) quarterly in arrears, on or before March 31, June 30, September 30 and December 31 of each year commencing on June 30, 1998 and, (B), in the event of (i) an exchange of Series A Preferred Units into Series A Preferred Stock, or (ii) a redemption of Series A Preferred Units, on the exchange date or redemption date, as applicable (each a "Preferred Unit Distribution Payment Date"). The amount of the distribution payable for any period will be computed on the basis of a 360-day year of twelve 30-day months and for any period shorter than a full quarterly period for which distributions are computed, the amount of the distribution payable will be computed on the basis of the actual number of days elapsed in such a 30-day month. If any date on which distributions are to be made on the Series A Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on June 30, 1998 and thereafter on the Series A Preferred Units will be made to the holders of record of the Series A Preferred Units on the relevant record dates to be fixed by the Partnership acting through the General Partner, which record dates shall be not less than ten (10) days and not more than thirty (30) Business Days prior to the relevant Preferred Unit Distribution Payment Date (the "Preferred Unit Partnership Record Date").

  • Priorities of Distributions Section 5.03

  • Time of Distribution Cash available for distribution shall be determined by the Managing General Partner. The Managing General Partner shall distribute, in its discretion, such cash deemed available for distribution, but such distributions shall be made not less frequently than quarterly.

  • Form of Distribution A Member, regardless of the nature of the Member's Capital Contribution, has no right to demand and receive any distribution from the Company in any form other than money. Except as provided in the Act, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members and no Member may be compelled to accept a distribution of any asset in kind.

  • Form of Distributions All Plan Shares, together with any Shares representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and distributable. Payments representing cash dividends shall be made in cash.

  • Priority of Distributions On each Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of the Indenture and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:

  • Method of Distribution (a) All distributions with respect to each Class of Certificates on each Distribution Date shall be made pro rata among the outstanding Certificates of such Class, based on the Percentage Interest in such Class represented by each Certificate. Payments to the Certificateholders on each Distribution Date will be made by the Trustee to the Certificateholders of record on the related Record Date by check or money order mailed to a Certificateholder at the address appearing in the Certificate Register, or upon written request by such Certificateholder to the Trustee made not later than the applicable Record Date, by wire transfer to a U.S. depository institution acceptable to the Trustee, or by such other means of payment as such Certificateholder and the Trustee shall agree.

  • Allocation of Distributions The distributions of the Company shall be allocated entirely to the Member or, if additional member(s) are admitted, the member(s) in proportion to their respective capital accounts.

  • Facility of Distribution If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Executive and the Beneficiary, as the case may be, and shall completely discharge any liability under this Agreement for such distribution amount.

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