Completion of Distribution Clause Samples
The 'Completion of Distribution' clause defines the point at which the distribution of assets, funds, or products under an agreement is considered fully carried out. Typically, this clause outlines the criteria or actions required to confirm that all parties have received their entitled shares or deliveries, such as the transfer of funds, delivery of goods, or issuance of final statements. Its core practical function is to provide a clear endpoint for the distribution process, ensuring all obligations are met and reducing the risk of future disputes over whether the distribution was properly completed.
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Completion of Distribution. The Underwriters will use its commercially reasonable best efforts to complete the distribution of the Offered Securities as promptly as possible after the Closing Time. The Underwriters will notify the Corporation when the Underwriters have ceased the distribution of the Offered Securities and, within 30 days after the Closing Date, will provide the Corporation, in writing, with a breakdown of the number of Offered Securities distributed (i) in each of the Qualifying Jurisdictions, and (ii) in any other Selling Jurisdictions.
Completion of Distribution. The Fiscal Agent, or as the case may be, the Registrar agrees with the Issuer that, in relation to any Tranche of Notes which is sold to or through more than one Dealer, to the extent that it is notified by each Relevant Dealer that the distribution of the Notes of that Tranche purchased by such Relevant Dealer is complete, it will notify all the Relevant Dealers of the completion of distribution of the Notes of that Tranche.
Completion of Distribution. The Underwriters will use their commercially reasonable efforts to complete the distribution of the Offered Shares as promptly as possible after the Closing Time, but in any event no later than seven (7) Business Days following the date of exercise of the entire Over-Allotment Option, if exercised.
Completion of Distribution. The Underwriters will use their commercially reasonable efforts to complete the distribution of the Offered Shares as promptly as possible after the Closing Time.
Completion of Distribution. The Fiscal Agent or, with respect to Italian Dematerialised Securities, the Italian Paying Agent, agrees with the relevant Issuer and, where applicable, the Guarantor that, in relation to any Tranche of Securities which is sold to or through more than one Dealer, to the extent that it is notified by each Relevant Dealer that the distribution of the Securities of that Tranche purchased by such Relevant Dealer is complete, it will notify all the Relevant Dealers of the completion of distribution of the Securities of that Tranche.
Completion of Distribution. The Underwriters shall, after the Closing Time and, if applicable, the Over-Allotment Option Closing Time, give prompt written notice to the Company when, in the opinion of the Underwriters, they have completed distribution of the Offered Shares or Additional Shares, as the case may be, including the total proceeds realized in each of the Qualifying Jurisdictions and any other jurisdiction provided that such notice shall be provided on a Business Day no later than 30 days following the date on which such distribution shall have been completed.
Completion of Distribution. The Principal Paying Agent agrees with the Issuers that, in relation to any Tranche of Notes which is sold to or through more than one Dealer, to the extent that it is notified by each Relevant Dealer that the distribution of the Notes of that Tranche purchased by such Relevant Dealer is complete, it will notify all the Relevant Dealers of the completion of distribution of the Notes of that Tranche.
Completion of Distribution. The Underwriters shall, and shall cause each Selling Firm to, after the Closing Time or the Option Closing Time, as applicable, give prompt written notice to the Company when, in the reasonable opinion of the Underwriters, they have completed distribution of the Shares, including notice of the total proceeds realized or number of Shares sold in each of the Canadian Qualifying Jurisdictions, the United States and any other jurisdiction from such distribution.
Completion of Distribution. The Underwriter will use its commercially reasonable efforts to complete the distribution of the Units as promptly as possible after the Closing Time. The Underwriter will notify the Corporation when the Underwriter has ceased the distribution of the Units and, within thirty days after the Closing Date, will provide the Corporation, in writing, with a breakdown of the number of Units distributed (i) in each of the Qualifying Jurisdictions, and (ii) in any other Selling Jurisdictions.
Completion of Distribution. The Underwriter shall after the Closing Time give prompt written notice to the Company and the Selling Shareholder when, in the opinion of the Underwriter, it has completed distribution of the Securities, including the total proceeds realized in each of the Qualifying Jurisdictions, the United States and any other jurisdiction.