Remainder Funds Sample Clauses

Remainder Funds. After payment of all Valid Claims, Settlement Administration Costs, Service Awards, attorneys’ fees and costs, and any Pro Rata Cash Payment, and the time for cashing and/or depositing checks (including reissued checks) has expired, any funds remaining in the Settlement Fund (“Remainder Funds”) will be sent to one or more Court- approved charitable organizations as a cy pres distribution. The Parties will jointly recommend the entity or entities to the Court that will be the recipient(s) of the cy pres distribution.
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Remainder Funds. From and after the First Closing, and subject to compliance with applicable Law, Parent and/or the Sellers shall retain title to the Required Consent Fund Interests of any Remainder Fund that shall have not become First Closing Interests that are transferred to Purchaser (or its designee) at the First Closing. Purchaser shall manage such Remainder Funds pursuant to the Management Agreement, under which, subject to the terms and conditions thereof, from and after the First Closing, Purchaser shall receive all the benefits and bear all the costs, liabilities and burdens with respect to such Remainder Funds. Without limiting, and in furtherance of, the foregoing, the Seller Parties, on the one hand, and Purchaser, on the other hand, shall reasonably cooperate in good faith to establish and implement such arrangements as any such party reasonably may request of the other(s) to ensure that, to the greatest extent permitted by applicable Law, from and after the First Closing, the economic benefits and burdens of the Remainder Funds and the entire Business (including the Remainder Funds) are held and borne by Purchaser, subject to the provisions of the Management Agreement. From and after the Second Closing, and subject to compliance with applicable Law, Parent and/or the Sellers shall retain title to the Required Consent Fund Interests of any Remainder Fund that shall have not become (A) First Closing Interests that are directly or indirectly acquired by Purchaser (or its designee) at the First Closing or (B) Second Closing Interests that are directly or indirectly acquired by Purchaser (or its designee) at the Second Closing. Purchaser shall continue to manage such Remainder Funds from and after the Second Closing pursuant to the Management Agreement.
Remainder Funds. Remainder Funds shall be distributed by the Settlement Administrator to such charitable organizations approved by the Court. Remainder Funds shall not be distributed by the Settlement Administrator prior to one-hundred eighty (180) calendar days after the latest dated Benefit Check, plus an appropriate buffer, to ensure that all Benefit Checks that are not void may be deposited and that such deposits are reflected in the Settlement Fund.
Remainder Funds. The Remainder Funds will be sent to Legal Aid of North Carolina as a cy pres distribution.
Remainder Funds shall be distributed to a charitable organization jointly recommended by the Parties and approved by the Court.

Related to Remainder Funds

  • Other Funds Federated Absolute Return Fund Federated Emerging Markets Debt Fund Federated Global Strategic Value Dividend Fund Federated Global Total Return Bond Fund Federated International Bond Strategy Portfolio Federated International Dividend Strategy Portfolio Federated International Leaders Fund Federated International Small-Mid Company Fund Federated International Strategic Value Dividend Fund Federated MDT Large Cap Value Fund Federated MDT Large Cap Value Fund * Federated Muni and Stock Advantage Fund *a portfolio of Federated MDT Equity Trust which became effective August 31, 2017. NINTH AMENDMENT TO FUND ACCOUNTING AGREEMENT THIS AMENDMENT TO FUND ACCOUNTING AGREEMENT (“Amendment”) is by and between each of the investment companies listed on Schedule I to the Agreement, as defined below (each, a “Fund”), and The Bank of New York Mellon (“Bank”).

  • Capital Contributions of the Partners The Partners have heretofore made Capital Contributions to the Partnership. Each Partner owns Partnership Units in the amount set forth for such Partner on Exhibit A, as the same may be amended from time to time by the General Partner to the extent necessary to reflect accurately sales, exchanges or other Transfers, redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s ownership of Partnership Units. Except as provided by law or in Section 4.2, 4.3, or 10.4 hereof, the Partners shall have no obligation or, except with the prior Consent of the General Partner, right to make any additional Capital Contributions or loans to the Partnership.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

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