Residual Distribution. Simultaneously with the making of each payment of the Incentive Management Fee, the then remaining Gross Revenues will be disbursed to Owner. Except as herein provided, Manager shall have no responsibility to incur Operating Costs or undertake any Capital Replacement except to the extent Manager is reasonably assured that funds to pay such Operating Costs and for such Capital Replacements will be timely available.
Residual Distribution. 57 10.3 Owner's First Priority............................................... 57 10.4 Owner's Percentage Priority.......................................... 58 10.5 Owner's Second Priority.............................................. 58 10.6
Residual Distribution. If the Liquidation Preference has been paid in full to all Holders and the corresponding amounts payable with respect to any Parity Stock as to such distribution has been paid in full, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation (or proceeds thereof) according to their respective rights and preferences.
Residual Distribution. (1) If there remains any amount of the Net Settlement Amount after the distribution has been made to all valid claims in accordance with the provisions of this Distribution Protocol (as modified, if applicable), Class Counsel will make an application to the Courts to determine how such funds shall be distributed. In preparing a proposal in respect of how to distribute any excess monies, Class Counsel will consider all relevant factors, including the utility and efficacy of a cy-près or article 596, paragraph 3 CCP distribution, if appropriate.
Residual Distribution. 8.3. If, 121 days after the date of the last Cash Payment, there is a balance in the Net Settlement Fund after payment of all items listed in Paragraphs 8.2.1 through 8.2.4, including balances left from reserves pursuant to Paragraph 8.2.1 after payment of all Notice and Administration Expenses and from reserves pursuant to Paragraph 8.3.2 after payment of all Taxes and Tax Expenses, then the Settlement Administrator shall distribute the remaining amount in the Net Settlement Fund in equal amounts to all Class Member who cashed their original paper check or received payment through electronic means provided that the amount remaining in the Net Settlement Fund is sufficient to pay for the costs of the redistribution and to ensure that all Class Members receiving a redistribution would receive at least five dollars ($5.00) after accounting for such costs. Such redistribution payments will be made using the same method used to distribute Cash Payments to these Settlement Class Members. Should the amounts remaining in the Net Settlement Fund be insufficient to satisfy the above criteria, or should amounts remain in the Net Settlement Fund even after redistribution, the Settlement Administrator shall donate any residual amounts left in the Net Settlement Fund to the cy pres recipient, Travelers Aid International. The Parties agree that the Court shall retain jurisdiction over the distribution of any balance in the Net Settlement Fund described in this paragraph and that any exercise of the Court’s discretion with regard to the distribution of such balance pursuant to this provision shall not constitute a material alteration of the Settlement for purposes of Section XIV relating to termination.
Residual Distribution. Simultaneously with the making of each payment of the Management Fee, the distribution pursuant to Sections 10.1(b)(vi) and 10.2(h) will be disbursed to Owner. To the extent that Gross Revenue for any Fiscal Year is insufficient make the distributions pursuant to Sections 10.1(b)(v) , 10.1(b)(vi) , 10.2(g) and 10.2(h), the same shall not accrue and shall not be due in any subsequent Fiscal Year.
Residual Distribution. The remaining Net Cash from Sale of the Company’s Business shall be distributed to the Members in proportion to their Percentage Interests.
Residual Distribution. 8.4. If, 121 days after the date of the last Cash Payment, there is a balance in the Net Settlement Fund after payment of all items listed in Paragraphs 8.3.1 through 8.3.4, including balances left from reserves pursuant to Paragraph 8.3.1 after payment of all Notice and Administration Expenses and from reserves pursuant to Paragraph 8.3.2 after payment of all Taxes and Tax Expenses, then such remaining balance shall, unless otherwise ordered by the Court on motion or otherwise, be donated to the cy pres recipient, Travelers Aid International. The Parties agree that the Court shall retain jurisdiction over the distribution of any balance in the Net Settlement Fund described in this paragraph and that any exercise of the Court’s discretion with regard to the distribution of such balance pursuant to this provision shall not constitute a material alteration of the Settlement for purposes of Section XIII relating to termination.
