Initial Distributions definition
Examples of Initial Distributions in a sentence
Hitachi shall keep accurate and correct records of Initial Distributions, Upgrade sales and Renewal sales in a form as is appropriate to determining the amount due DoubleTwist under this Agreement.
For purposes of illustration, Hitachi shall submit a report to DoubleTwist along with payment no later than July 31, 2000 for Initial Distributions, Upgrades sales and Renewal sales made by Hitachi in the second quarter, 2000.
Except as otherwise provided for herein or in any Directive, the Distribution Trustee may incur any reasonable and necessary fees, expenses and costs in liquidating the Distribution Trust Assets, distributing the Initial Distributions Property and performing the duties and obligations of the Distribution Trustee pursuant to the terms and conditions of this Distribution Trust Agreement and such other actions that are necessary or advisable in connection therewith or in furtherance thereof.
On or as soon as reasonably practicable following the Effective Date, an account shall be created by the Distribution Trustee (the “Initial Distributions Account”) and funded by the Debtors and/or Reorganized Debtors depositing therein such property as is necessary to make the Initial Distributions on the Initial Distributions Date in accordance with the Plan.
Within thirty (30) days of the Final Determination Date, the Claims Administrator must pay to each Qualifying Settlement Class Member his or her share of the amount remaining in the Settlement Fund after payment of: (a) attorneys’ fees and costs as awarded by the Court; (b) all Initial Distributions; and (c) any costs of Claims Administration that exceed the balance of the Settlement Administration Fund.
Nothing in this Distribution Trust Agreement requires the Distribution Trustee to file any accounting or seek approval of any court with respect to the administration of the Distribution Trust, or as a condition for managing any payment or distribution out of the Distribution Trust Assets or the Initial Distributions Property.
Eighty percent (80%) of the Net Fund remaining after the Initial Distributions in Paragraph V.C.1 shall be allocated for payments associated with Class Members’ non-PAGA claims (“Non-PAGA Payment”).
The Distribution Trustee shall maintain in respect of the Distribution Trust books and records relating to the Distribution Trust Assets and the Initial Distributions Property and income of the Distribution Trust and the payment of, expenses of, and liabilities of claims against or assumed by, the Distribution Trust in such detail and for such period of time as may be necessary to enable it to make full and proper accounting in respect thereof.
Publisher will be responsible for warehousing Print Directories in quantities sufficient to perform the Initial Distributions and Secondary Distributions and will warehouse such Print Directories in quantities sufficient to distribute such Print Directories in accordance with the Legal and Regulatory Requirements.
Within thirty (30) days after the last void date of all Settlement Class Recovery checks (both Initial Distributions and Second Distributions, if any) issued to Settlement Class Members, the Settlement Class Administrator will report to the Parties if there are any uncashed checks or unclaimed or undistributed amounts remaining in the Settlement Class Recovery.