Creation and Distribution Clause Samples

Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time shall be the sole beneficiaries of principal and interest of the Trust.
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Creation and Distribution. Ownership of the Beneficial Interest shall be divided into [ ] Trust Units, of which [ ] shall be Common Units and [ ] shall be Subordinated Units. The Trust Units shall initially be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The Trust Unitholders shall be the sole beneficial owners of the Trust Estate and the Trust.
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Creation and Distribution. The entire Beneficial Interest shall be divided into 40,000,000 Units. The ownership of the Units shall be evidenced by Certificates in substantially the form of Schedule 1 attached to this Indenture, containing such changes or alterations of form, but not substance, as the Trustee shall from time to time, in its discretion, deem necessary or desirable.
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Creation and Distribution. The entire Beneficial Interest shall be divided into [ ] Units (as adjusted to reflect any Unit subdivision, split or combination as described in Section 2.5(b) and Section 3.20(k)). The Units shall be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. All Units issued by the Trust in accordance with the terms of this Agreement shall be validly issued, fully paid and non-assessable. The Unitholders shall be the sole beneficial owners of the Trust Estate and the Trust.
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Creation and Distribution. 13 Section 4.02. Beneficial Interest of Unitholders......................... 13 Section 4.03. Execution of Certificates.................................. 14 Section 4.04. Registration and Transfer of Unit.......................... 14 Section 4.05. Mutilated, Lost, Stolen and Destroyed Certificates......... 15 Section 4.06. Protection of Trustee...................................... 15 Section 4.07. Determination of Ownership of Certificates................. 15 ARTICLE V.
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Creation and Distribution. Initially, the Company shall own the entire Beneficial Interest. However, the Company intends to distribute no later than June 28, 1982, the entire Beneficial Interest on a pro rata basis to its shareholders who are citizens of the United States. Accordingly, on the date of distribution to the shareholders, the entire Beneficial Interest shall be divided into that number of Units which is equal to the number of whole shares of Common Stock of the Company held by U. S. citizens on the record date selected by the
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Creation and Distribution. The entire Beneficial Interest shall be divided into that number of Units which is equal to the number of whole shares of common stock of the Company issued and outstanding on the record date for determination of stockholders of the Company entitled to receive Units. The ownership of the Units shall be evidenced by Certificates in substantially the form set forth on Schedule 1 hereto, containing such changes or alterations of form, but not substance, as the Trustee shall from time to time, in its discretion, deem necessary or desirable. Initially, the Company shall own all of the Units. However, the Company intends to distribute to each of its stockholders of record as of the close of business on the date fixed for determining stockholders of the Company entitled to receive Units one Unit for each share of the common stock of the Company so owned of record by such stockholder. The Trustee shall forthwith issue Certificates to such person evidencing the number of Units distributed to such person.
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Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 10,500,000 Units. Except as otherwise provided in Section 3.12 hereof, the ownership of the Units shall be evidenced by Certificates in the form attached as Exhibit A hereto and evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee. The Certificates issued by the Trustee from time to time after the Closing may contain such changes of form, but not substance, from the Certificates issued by the Trustee at Closing as the Trustee, from time to time, deems necessary or desirable. Upon issuance in accordance with this Agreement, the Units shall be validly issued, fully paid and nonassessable. No Unit shall be entitled to preemptive or other similar rights. The Unitholders shall be bound by the terms of the Agreement.
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Creation and Distribution. 18 SECTION 4.02 Rights of Unitholders; Limitation on Personal Liability of Unitholders......................18 SECTION 4.03 Execution of Certificates...................................................................19 SECTION 4.04 Registration and Transfer of Units; Lost and Destroyed Certificates.........................20 SECTION 4.05 Protection of Delaware Trustee and Trustee..................................................21 SECTION 4.06 Determination of Ownership..................................................................21 ARTICLE V
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Related to Creation and Distribution

  • LIQUIDATION AND DISTRIBUTION On or as soon after the Closing Date as is conveniently practicable: (a) the Acquired Fund will distribute in complete liquidation of the Acquired Fund, pro rata to its shareholders of record, determined as of the close of business on the Closing Date (the "Acquired Fund Shareholders"), all of the Acquiring Fund Shares received by the Acquired Fund pursuant to paragraph 1.1; and (b) the Acquired Fund will thereupon proceed to dissolve and terminate as set forth in paragraph 1.8 below. Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of the Acquired Fund Shareholders, and representing the respective pro rata number of Acquiring Fund Shares due such shareholders. All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund. The Acquiring Fund shall not issue certificates representing Acquiring Fund Shares in connection with such transfer. After the Closing Date, the Acquired Fund shall not conduct any business except in connection with its termination.

  • Winding Up and Distribution On the dissolution of the Company, the business and affairs of the Company shall be wound up in accordance with the applicable provisions by law.

  • Printing and Distribution The School District will, at its own expense, print sufficient copies of this Agreement for present and new employees.

  • Liquidation and Distribution of Assets Upon the dissolution of the Company, the Member, or court-appointed trustee, if there is no remaining Member, shall take full account of the Company’s liabilities and assets, and such assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof. During the period of liquidation, the business and affairs of the Company shall continue to be governed by the provisions of this Agreement, with the management of the Company continuing as provided in Section 5 hereof. The proceeds from liquidation of the Company’s property, to the extent sufficient therefore, shall be applied and distributed in the following order: (i) To the payment and discharge of all of the Company’s debts and liabilities, including those to the Member as a creditor, to the extent permitted by law, and the establishment of any necessary reserves; (ii) To the Member in satisfaction of any Member Loans which have not been satisfied pursuant to Section 7.2(b)(i); and (iii) To the Member in accordance with Section 3.

  • Sales and Distribution It is understood that as between the Parties, the Commercializing Party shall be solely responsible for handling all returns, order processing, invoicing and collection, distribution, and receivables for Licensed Products in the applicable territory and indication.