Method of Distributions. Distributions made pursuant to the dissolution of the Partnership may be made in cash or in kind.
Method of Distributions. Any amount distributed to SGASH or Cowen LLC pursuant to this Agreement shall be paid in U.S. Dollars. Unless otherwise instructed by the party to whom funds are to be released, the Escrow Agent shall liquidate assets in the Escrow Fund to the extent that sufficient cash is not available in the Escrow Fund at the time any such distribution is to be made and shall pay the proceeds thereof to SGASH or Cowen LLC, as applicable, in accordance with this Section 3(h). Unless otherwise instructed by the party to whom funds are to be released, any distribution from the Escrow Fund to SGASH or Cowen LLC shall be paid by wire transfer of immediately available funds to the account and in accordance with the wire transfer instructions designated for such party on Schedule III attached hereto or to such other account as SGASH or Cowen LLC, as applicable, may designate in writing.
Method of Distributions. Distributions made pursuant to subparagraphs (a) and (b) of Section 9.2 shall be made solely in cash. All other distributions and/or withdrawals made pursuant to this Agreement shall be made in cash or Securities or both, as the General Partner may in its discretion determine.
Method of Distributions. The Reorganized Debtors shall have the authority, in their sole discretion, to enter into agreements with a third-party Distribution Agent to facilitate the distributions required hereunder. To the extent the Reorganized Debtors do determine to utilize a third-party Distribution Agent to facilitate the distributions under the Plan to holders of Allowed Claims, any such Distribution Agent would first be required to: (a) affirm its obligation to facilitate the prompt distribution of any documents; (b) affirm its obligation to facilitate the prompt distribution of any recoveries or distributions required under the Plan; (c) waive any right or ability to setoff, deduct from or assert any lien or encumbrance against the distributions required under the Plan to be distributed by such Distribution Agent; and (d) post a bond, obtain or surety or provide some other form of security for the performance of its duties, the costs and expenses of procuring which shall be borne by the Reorganized Debtors. In no case shall the Reorganized Debtors, acting as the Distribution Agent, be required to post a bond or other form of security for the performance of their duties. The Debtors or the Reorganized Debtors, as applicable, shall be authorized, but not directed, to pay to any third-party Distribution Agent all reasonable and documented fees and expenses of such Distribution Agent without the need for any approvals, authorizations, actions, or consents. The Distribution Agent shall be authorized, but not directed, to submit detailed invoices to the Debtors or the Reorganized Debtors, as applicable, for all fees and expenses for which the Distribution Agent seeks reimbursement and the Debtors or the Reorganized Debtors, as applicable, shall pay those amounts that they, in their sole discretion, deem reasonable, and shall object in writing to those fees and expenses, if any, that the Debtors or the Reorganized Debtors, as applicable, deem to be unreasonable. In the event that the Debtors or the Reorganized Debtors, as applicable, object to all or any portion of the amounts requested to be reimbursed in a Distribution Agent’s invoice, the Debtors or the Reorganized Debtors, as applicable, and such Distribution Agent shall endeavor, in good faith, to reach mutual agreement on the amount of the appropriate payment of such Disputed fees and/or expenses. In the event that the Debtors or the Reorganized Debtors, as applicable, and a Distribution Agent are unable to resolve any diff...
Method of Distributions. Cheques of the Partnership payable at any branch of the bankers of the Partnership will be issued, or wire transfers will be made, in respect of any distributions to Limited Partners and the sending of such cheque or wire transfer, as the case may be, to each registered holder of a Unit or Special Interest Right will satisfy the distribution(s) represented thereby unless the cheque is not paid on presentation or the wire transfer is invalid, as the case may be. No holder of a Unit or Special Interest Right will be entitled to recover by action or other legal process against the Partnership any distribution that is represented by a cheque that has not been duly presented to the Partnership’s bankers for payment or that otherwise remains unclaimed for a period of six years from the date on which such distribution was payable.
Method of Distributions. All payments made pursuant to this Agreement shall be made by bank check or by wire transfer of immediately available funds, in either case as directed by the party to which such payment is being made.
Method of Distributions. Subject to Sections 5.02(a) and 5.02(b), in the sole discretion of the General Partner, withdrawals and distributions may be made in cash or in securities valued at their fair market value pursuant to Section 4.07.
Method of Distributions. 1. A Member whose vested Benefit Accounts value is not more than $3,500 (on and after June 25, 1998, $5,000) (on this or any prior distribution date) shall receive his benefits distribution as a single lump sum payment. Lump sum payments shall be distributed as soon as practicable after the Valuation Date determined for distribution (or, if later, Employment termination date).
2. A Member (or the Beneficiary of a deceased Member) with vested Benefit Accounts valued at more than $3,500 (on and after June 25, 1998, $5,000) shall elect benefit distributions:
(a) in a lump sum (and distributed at the time set forth in paragraph 1 of this Section D); or
(b) in monthly, quarterly, semi-annual, or annual installments payable in substantially equal amounts continuing over a period certain not exceeding the Member's Life Expectancy, or the Life Expectancy of the Member and his Beneficiary. Amounts payable in installments shall continue to be adjusted and updated for investment gains and losses pursuant to Section D of Article VI. A Member may elect to adjust the timing and amount of installment payments in the manner established by the Administrative Committee; provided, however, any new form or amount of distribution shall be consistent with the limitations on distributions set forth in this Plan. Any such additional payment will cause an adjustment in the regular installment payment amount. Installment payments shall immediately cease for any Member re-employed by the Company except for those Members who have attained age 70 1/2 and who, pursuant to IRC ss. 401(a)(9), are subject to receiving minimum required distribution payments.
(c) a terminated Member with a vested Benefit Account valued at more than $3,500 (on and after June 25, 1998, $5,000) may elect a partial distribution from his Benefit Accounts at any time and in any amount.
(d) notwithstanding subsections (a), (b) and (c), if distributions begin before the Member reaches age 70 1/2, the Member may elect to receive benefit distributions in the form of installments payable in any amount until the Member reaches age 70 1/2 at which time the Member shall elect benefit distributions in the manner described in clauses
(a) or (b) of paragraph 2 of this Section D as required by IRC ss. 401(a)(9). The Member may elect to receive an amount greater than the minimum required distribution amount.
3. If the Beneficiary is not the Member's spouse, to comply with the incidental benefit requirement that the present va...
Method of Distributions. (i) If the Participant dies after distribution of his or her interest has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Participant's death.
(ii) If the Participant dies before distribution of his or her interest begins, distribution of the Participant's entire interest shall be completed by December 31 of the calendar year containing the fifth anniversary of the Participant's death except to the extent that an election is made to receive distributions in accordance with (1) or (2) below:
(1) if any portion of the Participant's interest is payable to a designated Beneficiary, distributions may be made over the life or over a period certain not greater than the life expectancy of the designated Beneficiary commencing on or before December 31 of the calendar year immediately following the calendar year in which the Participant died;
(2) if the designated Beneficiary is the Participant's surviving spouse, the date distributions are required to begin in accordance with (1) above shall not be earlier than the later of (a) December 31 of the calendar year immediately following the calendar year in which the Participant died and (b) December 31 of the calendar year in which the Participant would have attained age 70 1/2. If the Participant has not made an election pursuant to this Section (ii) by the time of his or her death, the Participant's designated Beneficiary must elect the method of distribution no later than the earlier of (a) December 31 of the calendar year in which distributions would be required to begin under this Section, or (b) December 31 of the calendar year which contains the fifth anniversary of the date of death of the Participant. If the Participant has no designated Beneficiary, or if the designated Beneficiary does not elect a method of distribution, distribution of the Participant's entire interest must be completed by December 31 of the calendar year containing the fifth anniversary of the Participant's death.
(iii) For purposes of Section 7.5(a)(ii) above, if the surviving spouse dies after the Participant, but before payments to such spouse begin, the provisions of Section 7.5(a)(ii), with the exception of paragraph (2) therein, shall be applied as if the surviving spouse were the Participant.
(iv) For purposes of this Section 7.5, any amount paid to a child of the Participant will be treated as if it had been paid to the sur...
Method of Distributions. Distributions by the Partnership to Partners in accordance with Articles V, VI and VII of this Agreement shall be made in cash or in Securities, or both, as the General Partner may, in its sole discretion, determine.
