Non-Stock Distributions Sample Clauses

Non-Stock Distributions. If at any time during the term of this Agreement the Trustee shall receive or collect any moneys (other than in payment of cash dividends) or any property (other than Shares) upon the Trust Shares, the Trustee shall distribute the same, less any applicable withholding tax, to the Beneficiaries as soon as practicable after its receipt thereof. Section 4.03.
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Non-Stock Distributions. If at any time during the term of this Agreement the Trustee shall receive or collect any moneys (other than in payment of cash dividends) or any property (other than Company Shares or Voting Securities) upon the Trust Shares, the Trustee shall, within two Business Days, deposit the same in the relevant Beneficiary Account with respect to such Trust Shares and, subject to its duty to withhold withholding tax set forth in Section 4.07, shall remit the same to the Beneficiary with respect to whom such Beneficiary Account has been established and maintained. The Trustee may arrange with the Company for the direct payment by the Company, as applicable, to the Beneficiaries of any such dividends.
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Non-Stock Distributions. Each Shareholder shall be entitled to receive payments equal to the amount of cash dividends, if any, collected or received by the Trustee upon the number of Shares in respect of which such Shareholder is the registered holder of a Certificate, less the deductions provided for in subsection 5(e)(vi) below. Such payments shall be made, as soon as practicable after the receipt of such dividends, to the Certificate holders registered as such at the close of business on the record date determined by the Company for such dividend. In his discretion, the Trustee may arrange with the Company for the direct payment by the Company of dividends to the registered Certificate holders.
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Non-Stock Distributions. All cash distributions received by Borrower during the term of this Agreement wit respect to the Shares shall be placed in an interest bearing savings account specified by Lender and shall be delivered to and held by Pledgeholder (as defined in Section 3.1) as additional Collateral, provided, however, Borrower may elect to deliver such cash to Lender in prepayment of the Loan by giving notice of such election to Lender and Pledgeholder. All distributions other than in cash or stock received by Borrower during the term of the Agreement wit respect to the Shares shall be delivered to and held by Pledgeholder as additional Collateral.
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Non-Stock Distributions. All cash distributions received by ----------------------- Borrower during the term of this Agreement with respect to the Option Shares shall be placed in an interest-bearing savings account specified by Lender and shall be delivered to and held by Pledgeholder (as such term is defined in Section 3.1 hereof) as additional Collateral; provided, however, that Borrower may elect to deliver such cash to Lender in prepayment of the Loan by giving notice of such election to Lender and Pledgeholder. All distributions, other than in cash or stock received by Borrower during the term of the Agreement with respect to the Option Shares shall be delivered to and held by Pledgeholder as additional Collateral.
Sample 1
Non-Stock Distributions. All cash distributions received during the term of this Agreement in respect of the Collateral shall be delivered to the Pledgeholder. Unless and until a "Failure of Payment" (as defined in Section 8 below) occurs and is continuing, the Pledgeholder shall deliver those cash distributions that are attributable to current profits to the 2 Borrower. However, any cash distribution of current profits delivered to the Pledgeholder after the occurrence of a Failure of Payment that is continuing shall be held by the Pledgeholder and applied to reduce the Obligations. Any cash distributions or portions thereof that do not represent the distribution of current profits shall be held by the Pledgeholder and retained as additional Collateral. All distributions other than in cash or stock so issued in respect of the Collateral during the term of this Agreement in respect of the Collateral shall be delivered by the Lender directly to and held by Pledgeholder as additional Collateral.
Sample 1
Non-Stock Distributions. All cash distributions received by Borrower during the term of this Agreement with respect to the Shares shall be placed in an interest-bearing savings account specified by Lenders and shall be delivered to and held by Pledgeholder (as such term is defined in Section 3.1 hereof) as additional Collateral. All distributions other than in cash or stock received by Borrower during the term of this Agreement with respect to the Shares shall be delivered to and held by Pledgeholder as additional Collateral.
Sample 1
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Related to Non-Stock Distributions

  • Stock Dividends, Distributions, Etc If, while this Pledge Agreement is in effect, Pledgor becomes entitled to receive or receives any securities or other property in addition to, in substitution of, or in exchange for any of the Pledged Shares (whether as a distribution in connection with any recapitalization, reorganization or reclassification, a stock dividend or otherwise), Pledgor shall accept such securities or other property on behalf of and for the benefit of the Company as additional security for Pledgor's obligations under the Note and shall promptly deliver such additional security to the Company together with duly executed forms of assignment, and such additional security shall be deemed to be part of the Pledged Shares hereunder.

  • Treatment of Stock Dividends, Stock Splits, etc In case the Company at any time or from time to time after the date hereof shall declare or pay any dividend on the Common Stock payable in Common Stock, or shall effect a subdivision of the outstanding shares of Common Stock into a greater number of shares of Common Stock (by reclassification or otherwise than by payment of a dividend in Common Stock), then, and in each such case, Additional Shares of Common Stock shall be deemed to have been issued (a) in the case of any such dividend, immediately after the close of business on the record date for the determination of holders of any class of securities entitled to receive such dividend, or (b) in the case of any such subdivision, at the close of business on the day immediately prior to the day upon which such corporate action becomes effective.

  • Cash Distributions Whenever the Depositary receives confirmation from the Custodian of the receipt of any cash dividend or other cash distribution on any Deposited Securities, or receives proceeds from the sale of any Deposited Securities or any other entitlements held in respect of Deposited Securities under the terms hereof, the Depositary will (i) if at the time of receipt thereof any amounts received in a Foreign Currency can in the judgment of the Depositary (pursuant to Section 4.8) be converted on a practicable basis into Dollars transferable to the United States, promptly convert or cause to be converted such cash dividend, distribution or proceeds into Dollars (on the terms described in Section 4.8), (ii) if applicable, establish the ADS Record Date upon the terms described in Section 4.9, and (iii) distribute promptly the amount thus received (net of (a) the applicable fees and charges of, and expenses incurred by, the Depositary and (b) taxes withheld) to the Holders entitled thereto as of the ADS Record Date in proportion to the number of ADSs held as of the ADS Record Date. The Depositary shall distribute only such amount, however, as can be distributed without attributing to any Holder a fraction of one cent, and any balance not so distributed shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of ADSs outstanding at the time of the next distribution. If the Company, the Custodian or the Depositary is required to withhold and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxes, duties or other governmental charges, the amount distributed to Holders on the ADSs representing such Deposited Securities shall be reduced accordingly. Such withheld amounts shall be forwarded by the Company, the Custodian or the Depositary to the relevant governmental authority. Evidence of payment thereof by the Company shall be forwarded by the Company to the Depositary upon request.

  • Special Distributions In case the Company shall fix a record date for the making of a distribution to all holders of shares of Common Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the surviving corporation) or evidences of indebtedness or assets (other than dividends and distributions referred to in Sections 4(c) and 4(d) above and other than cash dividends) or of subscription rights, options, warrants, or exchangeable or convertible securities containing the right to subscribe for or purchase shares of any class of equity securities of the Company (excluding those referred to in Section 4(e) above), the Warrant Price to be in effect on and after such record date shall be adjusted by multiplying the Warrant Price in effect immediately prior to such record date by a fraction (i) the numerator of which shall be the fair market value per share of Common Stock on such record date, less the fair value (as determined by the Board of Directors of the Company in good faith as set forth in a duly adopted board resolution certified by the Company's Secretary or Assistant Secretary) of the portion of the assets or evidences of indebtedness so to be distributed or of such subscription rights, options, warrants, or exchangeable or convertible securities applicable to one (1) share of the Common Stock outstanding as of such record date, and (ii) the denominator of which shall be such fair market value per share of Common Stock. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Warrant Price shall again be adjusted to be the Warrant Price which would then be in effect if such record date had not been fixed, but such subsequent adjustment shall not affect the number of Warrant Shares issued upon any exercise of this Warrant prior to the date such subsequent adjustment was made. h.

  • Preferred Distributions For any period and without duplication, all Distributions paid, declared but not yet paid or otherwise due and payable during such period on Preferred Securities issued by the Borrower or any of its Subsidiaries or REIT. Preferred Distributions shall not include dividends or distributions: (a) paid or payable solely in Equity Interests of identical class payable to holders of such class of Equity Interests; (b) paid or payable to the Borrower or any of its Subsidiaries; or (c) constituting or resulting in the redemption of Preferred Securities, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Adjustments for Stock Splits, Stock Dividends, etc If from time to time while this Agreement shall remain in force and effect there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Stockholder is entitled by reason of his ownership of Shares shall be immediately subject to the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as such Shares.

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