Undeliverable Property Sample Clauses

Undeliverable Property. (a) If any distribution of Trust Proceeds to a Post-Consummation Trust Beneficiary is returned to the Plan Administrator as undeliverable, no further distribution to such Post-Consummation Trust Beneficiary shall be made unless and until the Plan Administrator is notified in writing of such Post-Consummation Trust Beneficiary’s then-current address. For purposes of this Agreement, undeliverable distributions shall include checks sent to a Post- Consummation Trust Beneficiary, respecting distributions to such Post-Consummation Trust Beneficiary, which checks have not been cashed within six months following the date of issuance of such checks. Undeliverable distributions shall remain in the possession of the Plan Administrator until the Post-Consummation Trust Beneficiary provides the Plan Administrator with written notice of the Post-Consummation Trust Beneficiary’s then-current address. Upon the Plan Administrator’s timely receipt of the Post-Consummation Trust Beneficiary’s then- current address, the undelivered distributions shall be made on the next Quarterly Distribution Date, subject to Section 4.3(b) hereof.
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Undeliverable Property. (a) If any distribution of Trust Proceeds to a Liquidation Trust Beneficiary is returned to the Liquidation Trust Administrator as undeliverable, no further distribution to such Liquidation Trust Beneficiary shall be made unless and until the Liquidation Trust Administrator is notified in writing of such Liquidation Trust Beneficiary’s then-current address. For purposes of this Agreement, undeliverable distributions shall include checks sent to a Liquidation Trust Beneficiary, respecting distributions to such Liquidation Trust Beneficiary, which checks have not been cashed within six months following the date of issuance of such checks. Undeliverable distributions shall remain in the possession of the Liquidation Trust Administrator until the Liquidation Trust Beneficiary provides the Liquidation Trust Administrator with written notice of the Liquidation Trust Beneficiary’s then-current address. Upon the Liquidation Trust Administrator’s timely receipt of the Liquidation Trust Beneficiary’s then-current address, the undelivered distributions shall be made on the next Quarterly Distribution Date, subject to Section 4.3(b) of this Agreement.
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Undeliverable Property. If any distribution of Available Trust Cash to or on behalf of a Beneficiary is returned to the Trustee or his or her agent as undeliverable, then the procedures set forth in Article IV of the Plan shall control and govern.
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Undeliverable Property. If any distribution of Available Trust Cash to or on behalf of a Beneficiary is returned to the Trustee or its agent as undeliverable, no further distribution to such Beneficiary shall be made unless and until the Trustee is notified in writing of such Beneficiary’s then-current address. Any Beneficiary that does not assert a claim for an undeliverable distribution of Available Trust Cash within three (3) months after the last Distribution Date on which the relevant distribution became deliverable shall no longer have any claim to or interest in the Available Trust Cash represented by such undeliverable distribution, and in such cases, all title to and all beneficial interests in the Assets represented by any such undeliverable distributions shall revert to and/or remain in the Trust and shall be distributed in accordance with Article IV of this Agreement and the Plan.
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Undeliverable Property. (a) If any distribution to a Beneficiary of Certificates or Distributable Proceeds is returned to the Trust as undeliverable, no further distribution thereof shall be made unless and until the Trust is notified in writing of such Beneficiary's then current address within the time period specified in Section 5.07(b). For purposes of this Agreement, undeliverable distributions shall include checks (as of the date of their issuance) sent to a Beneficiary, respecting distributions to such Beneficiary, which checks have not been cashed within six months following the date of issuance of such checks. Undeliverable distributions shall remain in the possession of the Trust until the earlier of (i) such time as the relevant distribution becomes deliverable and (ii) the time period specified in Section 5.07(b).
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Undeliverable Property. If any distribution to or on behalf of a Beneficiary is returned to the Liquidating Trustee or its agent as undeliverable, such undeliverable property shall be treated in accordance with Article XII.D of the Combined Disclosure Statement and Plan or the Confirmation Order.
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Undeliverable Property 
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Related to Undeliverable Property

  • Tangible Property (i) mechanical systems, fixtures and equipment comprising a part of or attached to or located upon the Improvements,

  • Notice of Title Defects Buyer shall provide Seller notice of all Title Defects no later than 5:00 p.m. MST on the date which is seven (7) days prior to the Closing Date (the “Title Claim Date”). To be effective, such notice must (a) be in writing, (b) be received by Seller on or prior to the Title Claim Date, (c) describe the Title Defect in reasonable detail (including any alleged variance in the Net Revenue Interest or Working Interest), (d) identify the specific Asset or Assets affected by such Title Defect, (e) include the Title Defect Value, as reasonably determined by Buyer in good faith, and (f) comply with the limitations and Title Defect Value qualifications set forth in Section 4.14. Any matters identified by Buyer during the Examination Period that constitute Title Defects, but of which Seller has not been specifically notified by Buyer in accordance with the foregoing, shall be deemed to have been waived by Buyer for all purposes and shall constitute Permitted Encumbrances and Assumed Obligations hereunder. Upon receipt of notices of Title Defects, the Parties shall meet and determine upon which of the Title Defects, Title Defect Values, and methods of cure the Parties have reached agreement. Upon the receipt of such notice from Buyer, Seller shall have the option, but not the obligation, for a period ending ninety (90) days after the Closing to cure such defect. If Seller should not elect to cure a Title Defect, and no aspect of such defect is reasonably in dispute, the Purchase Price shall be adjusted for such defect by the amount of the Title Defect Value.

  • Unclaimed Property If there is no record of Card activity for an extended period of time, applicable state law may require the Bank to report the balance on the Card as unclaimed property. If this occurs, we may try to locate the owner of the Card at the address shown in our records. If we are unable to locate you, we may be required to deliver any value remaining on the Card to the state as unclaimed property.

  • Excluded Property Notwithstanding anything to the contrary in Section 2.1, the property, assets, rights and interests set forth in this Section 2.2 (the “Excluded Property”) are excluded from the Property:

  • Property The word "Property" means all of Grantor's right, title and interest in and to all the Property as described in the "Collateral Description" section of this Agreement.

  • Exclusive Property The Executive confirms that all protected information is and shall remain the exclusive property of the Company Group. All business records, papers and documents kept or made by the Executive relating to the business of the Company shall be and remain the property of the Company Group.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property: _ The real property in Section II and any personal property in Section III shall be collectively known as the “Property”.

  • Certificate of Title The Receivable File related to such Receivable contains the original Certificate of Title (or a photocopy or image thereof) or evidence that an application for a Certificate of Title has been filed.

  • Abandoned Property If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner.

  • Property and Equipment All property and equipment purchased by CONTRACTOR with funds received under this Agreement, or purchased on behalf of CONTRACTOR for the program site(s) covered under this Agreement, shall be insured by CONTRACTOR at replacement value against fire, theft, and destruction equal to the full replacement cost.

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