Common use of Record Date for Distributions Clause in Contracts

Record Date for Distributions. The Trustee may, if he deems it advisable, fix a date not exceeding ten (10) days preceding any date for the payment or distribution of dividends, or for the distribution of assets or rights, as a record date for the determination of the Voting Trust Certificate Holders entitled to receive the payment or distribution, and the Voting Trust Certificate Holders of record on that date shall be exclusively entitled to participate in the payment or distribution. If the Trustee fails to fix a record date, the date three (3) days prior to the date of payment or distribution of dividends or the distribution of assets or rights shall constitute the record date for the determination of the Voting Trust Certificate Holders entitled to receive the payment or distribution.

Record Date for Distributions. The Trustee may, if he deems it advisable, fix a date not exceeding ten twenty (1020) days preceding any date for the payment or distribution of dividends, dividends or for the distribution of assets or rights, rights as a record date for the determination of the Voting Trust Certificate Holders entitled to receive the such payment or distribution, and the Voting Trust Certificate Holders of record on that such date shall be exclusively entitled to participate in the payment such payments or distributiondistributions. If In any case in which the Trustee fails shall fail to fix such a record date, the date three (3) days prior to the date of payment or of distribution of dividends or the distribution of assets or rights shall constitute the record date for the determination of the Voting Trust Certificate Holders entitled to receive the such payment or distribution.

Record Date for Distributions. The Trustee may, if he the Trustee deems it advisable, fix a date not exceeding ten twenty (1020) days preceding any date for the payment or distribution of dividends, dividends or for the distribution of assets or rights, rights as a record date for the determination of the Voting Trust Certificate Holders entitled to receive the payment or distribution, and the Voting Trust Certificate Holders of record on that date shall be exclusively entitled to participate in the payment payments or distributiondistributions. If the Trustee fails to fix a record date, the date three (3) days prior to the date of payment or distribution of dividends or the distribution of assets or rights shall constitute the record date for the determination of the Voting Trust Certificate Holders entitled to receive the payment or distribution.

Record Date for Distributions. The Trustee may, if he deems it advisable, fix a date not exceeding ten twenty (1020) days preceding any date for the payment or distribution of dividends, dividends or for the distribution of assets or rights, rights as a record date for the determination of the Voting Trust Certificate Holders Holder entitled to receive the such payment or distribution, and the Voting Trust Certificate Holders Holder of record on that such date shall be exclusively entitled to participate in the payment such payments or distributiondistributions. If In any case in which the Trustee fails shall fail to fix such a record date, the date three (3) days prior to the date of payment or of distribution of dividends or the distribution of assets or rights shall constitute the record date for the determination of the Voting Trust Certificate Holders Holder entitled to receive the such payment or distribution.