Timing of Distribution. The Board of Directors of the Company shall, or shall authorize certain officers of the Company to, formally declare the Distributions and shall authorize the Company to effect the Distributions at the Distribution Time, subject to the satisfaction or waiver of the conditions set forth in Article VIII. The Distributions shall be deemed to be effective upon notification by the Company to the Agent that the conditions to the obligations of the Company to consummate the Distributions have been satisfied or waived and that the Agent is authorized to proceed with the distribution of the Distribution Shares.
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Samples: Agreement (School Specialty Inc), Agreement and Plan of Distribution (Us Office Products Co), Agreement and Plan of Distribution (Aztec Technology Partners Inc /De/)
Timing of Distribution. The Board of Directors of the Company shall, or shall authorize certain officers of the Company to, formally declare the Distributions Distribution and shall authorize the 10 14 Company to effect the Distributions pay it at the Distribution Time, subject to the satisfaction or waiver of the conditions set forth in Article VIII. The Distributions Distribution shall be deemed to be effective upon notification by the Company to the Agent that the conditions to the obligations of the Company to consummate the Distributions Distribution have been satisfied or waived and that the Agent is authorized to proceed with the distribution of the Distribution SharesDestinations Common Shares (and associated Rights). ARTICLE IV MUTUAL RELEASE SECTION 4.01.
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