Securityholder Distributions Clause Samples
The Securityholder Distributions clause defines how and when profits or other distributions are paid out to holders of securities in a company. Typically, this clause outlines the process for determining the amount and timing of distributions, the priority among different classes of securityholders, and any conditions that must be met before distributions are made. For example, it may specify that preferred shareholders receive dividends before common shareholders or that distributions are only made after certain financial thresholds are met. The core function of this clause is to ensure transparency and fairness in the allocation of company earnings, reducing disputes and clarifying expectations among investors.
Securityholder Distributions. (a) Each Securityholder as of the related Record Date shall be paid on the next succeeding Payment Date by check mailed to such Securityholder at the address for such Securityholder appearing on the Note Register or Certificate Register or by wire transfer to the account directed by such Securityholder if such Securityholder provides written instructions to the Trustee or Owner Trustee, respectively, at least ten (10) days prior to such Payment Date, which instructions may be in the form of a standing order.
(b) The Trustee shall serve as the paying agent hereunder and shall make the payments to the Securityholders required hereunder. The Trustee hereby agrees that all amounts held by it for payment hereunder will be held in trust for the benefit of the Securityholders.
Securityholder Distributions. (a) Each Noteholder and Certificateholder as of the related Record Date shall be paid on the next succeeding Distribution Date by check mailed to such Noteholder or Certificateholder at the address for such Noteholder or Certificateholder appearing on the Note Register or Certificate Register or by wire transfer if such Noteholder or Certificateholder provides written instructions to the Indenture Trustee, or Owner Trustee, respectively, at least ten days prior to such Distribution Date.
(b) The Indenture Trustee shall serve as the Paying Agent hereunder and shall make the payments to the Noteholders and Certificateholder required hereunder. The Indenture Trustee hereby agrees that all amounts held by it for payment hereunder will be held in trust for the benefit of the Noteholders and Certificateholder.
Securityholder Distributions. (a) Each Securityholder as of the related Record Date shall be paid on the next succeeding Remittance Date by check mailed to such Securityholder at the address for such Securityholder appearing on the Note Register or Certificate Register or by wire transfer if such Securityholder provides written instructions to the Indenture Trustee, or Owner Trustee, respectively, at least (10) ten days prior to such Remittance Date, which instructions may be in the form of a standing order.
(b) The Indenture Trustee shall serve as the Paying Agent hereunder and shall make the payments to the Securityholder required hereunder. The Indenture Trustee hereby agrees that all amounts held by it for payment hereunder will be held in trust for the benefit of the Securityholder.
Securityholder Distributions. 90 Section 7.05 Allocations and Distributions................................................................ 91 Section 7.06 Determination of LIBOR....................................................................... 95 Section 7.07 Monthly Reconciliation....................................................................... 95
Securityholder Distributions. Allocations and Distributions.
Securityholder Distributions. Each Holder as of the related Record Date shall be paid on the next succeeding Remittance Date by wire transfer pursuant to such Holder’s written instructions to the Indenture Trustee, or Owner Trustee (or, if no such written instructions have been provided to the Indenture Trustee, by check mailed to such Holder at the address for such Holder appearing on the Note Register or Certificate Register), respectively, at least (10) ten days prior to such Remittance Date, which instructions may be in the form of a standing order.
Securityholder Distributions. Section 7.05 Allocations and Distributions Section 7.06 Determination of LIBOR