Rights to Distributions. (a) Any and all dividends, interest, and other cash and non-cash distributions at any time received or held by any Pledgor shall be so received or held in trust for the Secured Party, shall be segregated from other funds and property of such Pledgor and shall be forthwith delivered to the Secured Party in the same form as so received or held, with any necessary indorsements; provided that cash dividends, interest or distributions received by any Pledgor may be retained by such Pledgor in accordance with this Section.
(b) So long as no Event of Default shall have occurred and be continuing, each Pledgor shall be entitled to receive and retain and not segregate or hold in trust for the Secured Party cash dividends, interest or distributions paid or distributed in respect of the Collateral.
(c) Upon the occurrence and during the continuance of an Event of Default, all rights of the Pledgors to receive and retain cash dividends, interest or distributions shall cease, and all such rights shall thereupon become vested in the Secured Party, which shall thereupon have the sole right to receive and retain such cash dividends, interest and distributions. The Pledgors shall execute and deliver (or cause to be executed and delivered) to the Secured Party all such instructions and other instruments as the Secured Party may reasonably request for the purpose of enabling the Secured Party to receive the dividends, interest and distributions that it is entitled to receive and retain pursuant to the preceding sentence.
Rights to Distributions. Except as otherwise provided in this Agreement: (i) no Member shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account, (ii) no Member shall withdraw any portion of its Capital Contributions or receive any distributions from the Company as a return of capital on account of such Capital Contributions, and (iii) the Company shall not redeem or repurchase the Unit of any Member.
Rights to Distributions. The Trustee, as record holder of Excess Shares, shall be entitled to receive all distributions on such Shares and shall hold such distributions in trust for the benefit of the Beneficiary. The Prohibited Owner with respect to Excess Shares shall repay to the Trustee the amount of any distributions received by it that (i) are attributable to any Shares designated Excess Shares and (ii) becomes payable on or after the date that such Shares became Excess Shares. The Company shall take all measures that it determines reasonably necessary to recover the amount of any such distribution paid to a Prohibited Owner, including, if necessary, withholding any portion of future distributions payable on Shares held by a Person who, but for the provisions of Section 9.3, would receive the distributions with respect to the Excess Shares and, as soon as reasonably practicable following the Company’s receipt or withholding thereof, shall pay over to the Trustee for the benefit of the Beneficiary the distributions so received or withheld, as the case may be.
Rights to Distributions. Each holder of Partnership Interests and BUCs shall look solely to the assets of the Partnership for all distributions with respect to the Partnership, his Capital Contributions and his share of Net Interest Income, Net Residual Proceeds and Liquidation Proceeds and, except as provided in Section 3.01(b), shall have no recourse therefor, upon dissolution or otherwise, against the General Partner or the Initial Limited Partner. No Partner or BUC Holder shall have any right to demand or receive property other than cash upon dissolution and termination of the Partnership. All distributions pursuant to this Article IV are subject to the provisions of Section 3.04.
Rights to Distributions. So long as no Event of Default has occurred and is continuing the Pledgor may retain any distributions made in cash or cash equivalents, but after the occurrence and during the continuance of an Event of Default Pledgor shall cause the Company to pay directly to Agent on behalf of Secured Party (a) one hundred percent (100%) of all distributions made in the ordinary course in cash or cash equivalents in respect of any Collateral, (b) one hundred percent (100%) of all distributions made other than in cash or cash equivalents in respect of any Collateral, and (c) one hundred percent (100%) of all distributions of cash or cash equivalents made in respect of any Collateral in connection with a partial or total liquidation or dissolution of the Company or in connection with a reduction of capital, capital surplus or paid-in-surplus thereof, whether such distributions be made by way of interest, distribution or otherwise. Distributions received by Agent under (a) and (c) above shall be applied by Secured Party against the Secured Obligations in the manner specified in Section 14 hereof.
Rights to Distributions. All distributions on the pledged Units will be paid to the Borrower, except that distributions payable in additional Units will be added to each Borrower's pledged Units. Each Borrower will be entitled to vote the Borrower's pledged Units. The Program is subject to amendment, suspension or termination by the General Partner at any time.
Rights to Distributions. To the extent Secured Party has not taken possession of and retained the Collateral, Pledgor may receive and retain for his own uses all cash distributions made in respect of any Pledged Shares.
Rights to Distributions. Each holder of Partnership Interests and Units shall look solely to the assets of the Partnership for all distributions with respect to the Partnership, his Capital Contributions and his share of Net Operating Income, Net Sale Proceeds and Liquidation Proceeds and, except as provided in Section 3.01(b), shall have no recourse therefor, upon dissolution or otherwise, against the General Partner or the Initial Limited Partner. No Partner or Unit Holder shall have any right to demand or receive property other than cash upon dissolution of the Partnership. All distributions pursuant to this Article IV are subject to the provisions of Section 3.04.
Rights to Distributions. Unless ECA exercises its right of first refusal to purchase the Royalty NPI as described herein, the sale of the Royalty NPI shall occur at the Closing (as defined below). After the Closing occurs, the rights of the Parties to payment pursuant to the NPI Conveyance shall be as follows:
2.2.1. Seller is and shall remain entitled to any quarterly payment to be made pursuant to the NPI Conveyance for the quarter ended September 30, 2012, which payment is expected to be made by ECA to Seller during the month of December 2012; and
2.2.2. Buyer shall be entitled to any quarterly payment to be made pursuant to the NPI Conveyance for the quarter ended December 31, 2012, which payment is expected to be made by ECA to Buyer during the month of March 2013, and to any and all subsequent quarterly payments under the NPI Conveyance.
Rights to Distributions. The right to distributions from the Distribution Trust will not be evidenced by any certificate, security or receipt or in any other form or manner whatsoever, except as maintained on the books and records of the Distribution Trust by the Distribution Trustee. No Beneficiary will have any rights or interests in the Distribution Trust Assets until such time as the Beneficiary’s related Claim becomes an Allowed Claim pursuant to the mechanism for determining Allowed Claims prescribed in the Plan. Except as expressly provided in Section 12.1, rights to distributions under this Agreement may not be assigned, alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process.
