Property Distribution. Whenever the distribution provided --------------------- for in this Section 3 shall be payable in property other than cash, its value will be deemed its fair market value, as determined in good faith by the Board of Directors of this corporation. Any securities shall be valued as follows:
Property Distribution. On the Distribution Date and subject to the Distribution Conditions, the Partnership desires to distribute the Property to HACLA LLC, and HACLA LLC desires to accept the Property. The distribution of the Property will be completed through an escrow (“Escrow”) to be opened with Fidelity National Title Insurance Company (“Title Company or "Escrow Agent”).
Property Distribution. SF III-Broadway, LLC, a Delaware limited liability company, KCI-Broadway, LLC, a Delaware limited liability company, SDM-Broadway, LLC, a Delaware limited liability company, Belmont-Broadway, LLC, a Delaware limited liability company, Xxxxx-Xxxxxx-Broadway, LLC, a Delaware limited liability company, Italian Pavillions-Broadway, LLC, a Delaware limited liability company, and Kasun-Broadway, LLC, a Delaware limited liability company (each a "Co-Tenant", and together with 000 Xxxx Xxxxxxxx, LLC, the "Co-Tenants"), are parties to this Agreement because (i) Seller is in the process of distributing an undivided interest to each of the Co-Tenants, as set forth in Section 20 hereof, and (ii) to the extent, prior to the Closing, each Co-Tenant actually receives an interest in the Property in accordance with such distribution, such Co-Tenant will be a record owner of the Property together with 000 Xxxx Xxxxxxxx, LLC (with respect to any retained interest in the Property).
Property Distribution. With respect to each type or class of non-cash --------------------- property held in the Trust on or after Executive's date of Employment termination, Executive shall have the right to elect in writing to receive the distribution of all or part of such property. To the extent that Executive has not so elected to receive distribution of all or part of such property by the 30th day immediately following his date of Employment termination, all such property shall be liquidated by the Trustee and the cash liquidation amount thereof shall be distributed in accordance with this Section 3.01.
Property Distribution. Further, the parties intend that in the event they dissolve their Domestic Partnership, neither will make any claim, to any property that the other owns other than as set forth in this Agreement. The parties intend that in the event of dissolution of the domestic partnership, any property acquired with joint assets shall be divided equally between them.
