Residual Distribution definition

Residual Distribution means amounts to be distributed to Owner pursuant to Section 10.2.

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Residual Distribution means the distribution by the Company to the stockholders of the Company of (a) all proceeds from the Second Asset Sale and (b) all other amounts held by the Company in excess of the amount necessary for the Company to maintain its existence, cumulatively in one or more distributions.

Residual Distribution shall have the meaning ascribed to such term in Section 10.4(d)(i).

Examples of Residual Distribution in a sentence

Except as otherwise expressly provided herein, the Residual Distribution Account shall be under the sole dominion and control of the Trust Agent, as agent of the Owner Trustee, for the benefit of the Owners.
Additionally the Class R Certificates are entitled to Excess Liquidation Proceeds and the Residual Distribution Amount as defined in the Pooling Agreement.
All of the right, title and interest of the Trust Agent in all funds on deposit from time to time in the Residual Distribution Account and in all proceeds thereof shall be held for the benefit of the Owners and such other persons entitled to distributions therefrom.
The funds on deposit in the Residual Distribution Account shall remain uninvested.
The Loan REMIC Residual Distribution Account shall be established and maintained as an Eligible Account (or as a subaccount of an Eligible Account).
The Paying Agent shall have the revocable power to withdraw funds from the Residual Distribution Account for the purpose of making the distributions referred to above.
The Paying Agent shall make distributions to Owners from the Residual Distribution Account pursuant to Section 5.02 hereof and shall report the amounts of such distributions to the Owner Trustee.
Funds shall be deposited in the Residual Distribution Account as provided in Section 4.04(b) of the Sale and Servicing Agreement.
The Mortgage Loan REMIC Residual Distribution Account shall be established and maintained as an Eligible Account (or as a subaccount of an Eligible Account).
Additionally, the Class R Certificates are entitled to Excess Liquidation Proceeds and the Residual Distribution Amount as defined in the Pooling Agreement.

More Definitions of Residual Distribution

Residual Distribution has the meaning set forth in Article 3.4.

Residual Distribution means the amount payable to the Residual Holder pursuant to Section 8.3 of the Owner Trust Agreement.

Residual Distribution means the distribution process for remaining funds, as discussed in Section III.C of this Agreement.

Residual Distribution has the meaning set forth in Section 8.6(d)(i).

Residual Distribution means the number of shares of Purchaser Common Stock obtained by dividing (i) the Total Merger Shares, less the Total First Tier Distribution, less the Total Second Tier Distribution, less the Total Third Tier Distribution, by (ii) the Total Company Stock Number, less the Total Series A Preferred Number, less the Total Series B Preferred Number.