Common use of Settlement of Difficulties Clause in Contracts

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1) set the value for distribution of specific assets; (2) determine that money in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1) set the value for distribution of specific assets; (2) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid made to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.521.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1a) set the value for distribution of specific assets; (2b) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid made to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3c) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1a) set the value for distribution of specific assets; (2b) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid made to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3c) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.521.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1) set the value for distribution of specific assets; (2) determine that money in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1) set the value for distribution of specific assets;assets;‌ (2) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid made to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. ‌ If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1) set the value for distribution of specific assets; (2) determine that money in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. ‌ If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1) set the value for distribution of specific assets; (2) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid made to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.523.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1a) set the value for distribution of specific assets; (2b) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3c) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.521.5, the directors may settle the difficulty as they the directors deem advisable, and, in particular, may: (1) set the value for distribution of specific assets; (2) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid made to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1a) set the value for distribution of specific assets; (2b) determine that money in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3c) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. ‌ If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1a) set the value for distribution of specific assets;assets;‌ (2b) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid made to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3c) vest any such specific assets in trustees for the persons entitled to the dividend.

Settlement of Difficulties. If any difficulty arises in regard to a distribution under Article 22.5, the directors may settle the difficulty as they deem advisable, and, in particular, may: (1) set the value for distribution of specific assets; (2) determine that money cash payments in substitution for all or any part of the specific assets to which any shareholders are entitled may be paid to any shareholders on the basis of the value so fixed in order to adjust the rights of all parties; and (3) vest any such specific assets in trustees for the persons entitled to the dividend.