Common use of Noncash Distributions Clause in Contracts

Noncash Distributions. If any of the assets of the Corporation are to be distributed other than in cash under this paragraph 2 or for any purpose, then the board of directors of the Corporation shall promptly engage independent competent appraisers to determine the value of the assets to be distributed to the holders of Preferred Stock or Common Stock. The Corporation shall, upon receipt of such appraiser's valuation, give prompt written notice to each holder of shares of Preferred Stock or Common Stock of the appraiser's valuation.

Noncash Distributions. If any of the assets of the Corporation corporation are to be distributed to the holders of Preferred Stock or Common Stock other than in cash under this paragraph Section 2 (or for any purpose), then the board Board of directors Directors of the Corporation corporation shall promptly engage independent competent appraisers to determine the value of the assets to be distributed to the holders of Preferred Stock or Common Stockdistributed. The Corporation corporation shall, upon receipt of such appraiser's valuation, give prompt written notice to each holder of shares of Preferred Stock or Common Stock of the appraiser's valuation.

Noncash Distributions. If any of the assets of the Corporation Company are to be distributed other than in cash under this paragraph 2 3 or for any purpose, then the board Board of directors Directors of the Corporation Company shall promptly engage independent competent appraisers to determine the value of the assets to be distributed to the holders of Preferred Stock preferred stock or Common Stock. The Corporation Company shall, upon receipt of such appraiser's valuation, give prompt written notice to each holder of shares of Preferred Stock preferred stock or Common Stock of the appraiser's valuation.

Noncash Distributions. If any of the assets of the Corporation --------------------- are to be distributed other than in cash under this paragraph 2 or for any purpose, then the board Board of directors Directors of the Corporation shall promptly engage independent competent appraisers to determine the value of the assets to be distributed to the holders of Preferred Stock or Common Stock. The Corporation shall, upon receipt of such appraiser's valuation, give prompt written notice to each holder of shares of Preferred Stock or Common Stock of the appraiser's valuation.

Noncash Distributions. If any of the assets of the Corporation are to be distributed other than in cash under this paragraph 2 or for any purpose, then the board Board of directors Directors of the Corporation shall promptly engage independent competent appraisers to determine the value of the assets to be distributed to the holders of Preferred Stock or Common Stock. The Corporation shall, upon receipt of such appraiser's valuation, give prompt written notice to each holder of shares of Preferred Stock or Common Stock of the appraiser's valuation.

Noncash Distributions. If any of the assets of the --------------------- Corporation are to be distributed other than in cash under this paragraph 2 or for any purpose, then the board Board of directors Directors of the Corporation shall promptly engage independent competent appraisers to determine the value of the assets to be distributed to the holders of Preferred Stock or Common Stock. The Corporation shall, upon receipt of such appraiser's valuation, give prompt written notice to each holder of shares of Preferred Stock or Common Stock of the appraiser's valuation.