Dissolution Distribution definition

Dissolution Distribution means the manner in which any assets or liabilities of the Firm are distributed between the Partners upon dissolution of the Firm, as described in the "Dissolution" clause of this Deed.
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Dissolution Distribution means the manner in which any assets or liabilities of the Firm are distributed between the Partners upon dissolution of the Firm, as described in the "Dissolution" clause of this Deed. "Firm" refers to the partnership which is created under this Deed. "Goods and Services Tax" means Goods and Services Tax imposed on a supply of goods or services in India, pursuant to the GST Law."GST Law" means the Goods and Services Act, 2017. "Managing Partner" means the Partner who is appointed to the position in the Firm as the Managing Partner in accordance with the "Management" clause of this Deed, or any person subsequently appointed to that role. "Partner" refers individually to each of the partners named in this Deed. "Partners" refers to any two or more of the partners named in this Deed."Profit and Loss Distribution" means the method by which profits, and losses of the Firm are distributed between the Partners, as described in the "Profit and Loss" clause of this Deed. (2) INTERPRETATION In this Deed, unless the context otherwise requires, the following rules of interpretation shall apply: (a) Words referring to one gender include every other gender.(b) Words referring to a singular number include the plural, and words referring to a plural include the singular.(c) Words referring to a person or persons include companies, firms, corporations, organization's and vice versa.(d) Any obligation on a Party not to do something includes an obligation not to allow that thing to be done.(e) Headings and titles are included in this Deed for convenience only and shall not affect the interpretation of this Deed.(f) Each Party must, at its own expense, take all reasonable steps and do all that is reasonably necessary to give full effect to this Deed and the events contemplated by it.(g) A reference to legislation or any part or provision of that legislation includes any subordinate legislation, any amended legislation, and any substituted legislation issued under that legislation. (h) A reference to an agreement or document is a reference to that agreement or document as amended, replaced, supplemented, or novated from time to time. (3) NAME OF PARTNERSHIP The name of the partnership firm shall be (herein referred to as "Firm"). (4)
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Dissolution Distribution means the manner in which any assets or liabilities of the Partnership are distributed between the Partners upon dissolution of the Partnership, as described in the "Dissolution" clause of this Agreement. "Goods and Services Tax" means Goods and Services Tax imposed on a supply of goods or services in Australia, pursuant to the A New Tax System (Goods and Services Tax) Act 1999 (Commonwealth) or any other applicable law. "Managing Partner" means the Partner who is appointed to the position in the Partnership of Managing Partner in accordance with the "Management" clause of this Agreement, or any person subsequently appointed to that role. "Partner" refers individually to each of the partners named in this Agreement. "Partners" refers to any two or more of the partners named in this Agreement. "Partnership" refers to the partnership which is created under this Agreement. "Profit and Loss Distribution" means the method by which profits and losses of the Partnership are distributed between the Partners, as described in the "Profit and Loss" clause of this Agreement. EXECUTED AS AN AGREEMENT this . Executed for and on behalf of : In the presence of: Witness Signature Witness Name Witness Occupation Witness Address Executed for and on behalf of : In the presence of: Witness Signature Witness Name Witness Occupation Witness Address This Partnership Agreement (the “Agreement”) is made and entered into this [insert date here] (the “Effective Date”). The Partners in this Agreement are as follows: [insert name of Partner 1] [insert name of Partner 2] The Partners of this Agreement agree to the following: I.
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Examples of Dissolution Distribution in a sentence

  • Any excess of Partnership assets after liabilities or any insufficiency in Partnership assets in resolving liabilities under this section will be shared by the Partners according to the Dissolution Distribution described above.

  • Upon Dissolution of the Partnership and liquidation of the Partnership’s property, and after payment of all selling costs and expenses, the liquidator will distribute the Partnership assets to the following groups according to the following order of priority: ● In satisfaction of liabilities to creditors except for Partnership obligations to current Partners; ● In satisfaction of Partnership debt obligations to current Partners; ● To the Partners according to the Dissolution Distribution described above.

  • A withdrawing Partner's interest will be based on that Partner's proportion of the Dissolution Distribution described above, less any outstanding liabilities the withdrawing Partner may have to the Firm.

  • A withdrawing Partner's interest will be based on that Partner's proportion of the Dissolution Distribution described above, less any outstanding liabilities the withdrawing Partner may have to the Partnership.

  • If, following the liquidation of the Mudaraba in accordance with this Clause 7 (Liquidation of the Mudaraba), the Required Liquidation Amount payable to or to the order of the Certificateholders on the Mudaraba End Date is greater than the then applicable Dissolution Distribution Amount, the amount of any excess (the “Excess Liquidation Proceeds”) shall be credited to the Mudaraba Reserve and the Required Liquidation Amount payable to or to the order of the Certificateholders shall be reduced accordingly.

  • Claims against the Issuer in respect of the amounts payable under the Conditions in respect of the Certificates together with any other sums payable under the Conditions and the Representative Agreement on such Certificates will be prescribed after ten years (in the case of any Dissolution Distribution Amount) and five years (in the case of any Periodic Distribution Amounts) from the Relevant Date.

  • Unless the Certificates are redeemed, purchased and/or cancelled earlier, each Certificate shall be redeemed on the Scheduled Dissolution Date at its Dissolution Distribution Amount.

  • Partners according to the Dissolution Distribution described above.

  • In such event, the Principal Paying Agent may, but shall have no obligation to, make any payment to Certificateholders of such Periodic Distribution Amount, Dissolution Distribution Amount or any other amount payable under the Representative Agreement or any other Transaction Document, as the case may be, due on such date.

  • A withdrawing Partner‟s interest will be based on that Partner‟s proportion of the Dissolution Distribution described above, less any outstanding liabilities the withdrawing Partner may have to the Partnership.

Related to Dissolution Distribution

  • Dissolution Distribution Amount means the Trustee Call Amount, the Capital Event Redemption Amount or the Tax Event Redemption Amount, as the case may be, or such other amount in the nature of a redemption amount as may be determined in accordance with these Conditions;

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • Main Distribution Frame (MDF) is termination frame for outside facility and inter-exchange office equipment at the central office for DS-0 and DSL services.

  • Plan Distribution means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

  • Dissolution Date means, as the case may be:

  • Redemption/Distribution Notice has the meaning set forth in paragraph 4(e) of Annex I.

  • Dissolution Event has the meaning set forth in Section 6.1.

  • Main Distribution Frame (MDF means the termination frame for outside facility and inter-exchange office equipment at the CO.

  • Final Distribution means any distribution made in redemption of all or a portion of the Up-MACRO Holding Shares pursuant to Section 5.2(a) or 5.2(c) on the Final Scheduled Termination Date, an Early Termination Date or a Redemption Date.

  • Winding Up Period means the period from the Dissolution Event to the Termination of the Company.

  • Liquidation Period has the meaning set forth in Section 10.6 of this Agreement.

  • Winding-Up means, with respect to the Issuer, a final and effective order or resolution for the bankruptcy, winding-up, liquidation, receivership or similar proceeding in respect of the Issuer (except for the purposes of a consolidation, amalgamation, merger or reorganisation the terms of which have previously been approved by an Extraordinary Resolution of the Noteholders); and

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Capital Distribution means a payment made, liability incurred or other consideration given for the purchase, acquisition, redemption or retirement of any capital stock or other equity interest of any Company or as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of the Company in question) in respect of any Company's capital stock or other equity interest.

  • Initial Distribution means the distribution made to holders of Allowed Class C-4 Claims on the Distribution Date.

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Cash Distribution means the distribution by the Company to all holders of its Common Stock of cash, other than any cash that is distributed upon a merger or consolidation to which Section 2(h) applies or as part of a distribution referred to in paragraph (4) of Section 2(b).

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to:

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Final Distributions means, with respect to the Certificates of any Trust on any Distribution Date, the sum of (x) the aggregate amount of all accrued and unpaid interest on such Certificates (excluding interest, if any, payable with respect to the Deposits relating to such Trust) and (y) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (less the amount of the Deposits for such Class of Certificates as of such preceding Distribution Date other than any portion of such Deposits thereafter used to acquire Equipment Notes pursuant to the Note Purchase Agreement). For purposes of calculating Final Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest on the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Final Distributions.

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Distribution Date.