Consent to Distributions Sample Clauses
The 'Consent to Distributions' clause establishes that certain distributions, such as profits, dividends, or assets, may only be made with the approval of specified parties, often requiring the consent of shareholders, members, or a governing body. In practice, this means that before any funds or assets are distributed from the company or partnership, the relevant parties must review and formally agree to the proposed distribution, which may involve a vote or written consent. This clause serves to protect the interests of stakeholders by ensuring that distributions are made transparently and with oversight, preventing unauthorized or premature allocation of resources.
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Consent to Distributions. Each of the Partners hereby consents to the distributions provided for in this Agreement.
Consent to Distributions. Each of the Partners hereby consents to the distributions provided for in this Agreement. The General Partner shall determine, in accordance with the terms of this Agreement and the Unit Certificates, the amounts to be distributed to the Partners from time to time.
Consent to Distributions. 23 8.4 Withholding........................................................................ 23
Consent to Distributions. Each Member, by becoming a Member, consents to any such distribution hereafter made or omitted to be made to the Members or any of them in accordance with this Article VIII.
Consent to Distributions. Notwithstanding any other provision of ------------------------ the Agreement to the contrary, no distribution of the Escrowed Funds or VDC Shares shall be made under this Agreement or otherwise, unless the Escrow Agent has the written consent of Buyer, Debtor and the Committee to any such proposed distribution, which consent shall not be unreasonably withheld.
Consent to Distributions. Each of the Members does hereby consent to the distributions provided for herein.
Consent to Distributions. Each Member hereby consents to the distributions provided for herein and agrees to execute from time to time any amendments to this Agreement necessary or appropriate to reflect any withdrawal of or reduction in such Member's Capital Account (as defined in Section 3.2 hereof) resulting from the distributions provided for herein.
Consent to Distributions. Benefits may not be paid without the Participant's and the Participant's Spouse's consent if the present value of the Participant's Joint and Survivor Annuity derived from Employer and Employee contributions exceeds $5,000 and the benefit is "immediately distributable." However, spousal consent is not required if the distribution will be made in the form of a qualified Joint and Survivor Annuity and the benefit is "immediately distributable." A benefit is "immediately distributable" if any part of the benefit could be distributed to the Participant (or surviving Spouse) before the Participant attains (or would have attained if not deceased) the later of the Participant's Normal Retirement Age or age 62. Notwithstanding the foregoing, if the value of the Participant's benefit derived from Employer and Employee contributions does not exceed $5,000, then the Administrator will distribute such benefit in a lump-sum. No distribution may be made under the preceding sentence after the Annuity Starting Date unless the Participant and the Participant's Spouse consent in writing (or in such other form as permitted by the IRS) to such distribution. Any consent required under this paragraph must be obtained not more than one-hundred eighty (180) (ninety (90) for Plan Years beginning before January 1, 2007) days before commencement of the distribution and shall be made in a manner consistent with Section 6.5(a)(2). For purposes of this Subsection, the Participant's benefit derived from Employer and Employee contributions shall not include:
(1) the Participant's Qualified Voluntary Employee Contribution Account, and (2) if selected in the Conditions for Distributions Upon Severance of Employment Section of the Adoption Agreement, the Participant's Rollover Account.
Consent to Distributions. Each Partner, by becoming a Partner, ------------------------ consents to any such distribution hereafter made or omitted to be made to the Partners or any of them in accordance with this Article IX.
Consent to Distributions. Any changes in the distributions provided ------------------------ for herein shall be made only as and when Approved by the Members.