Distribution to Subscribers Clause Samples

The 'Distribution to Subscribers' clause defines how and when distributions of profits, assets, or other benefits are made to individuals or entities who have subscribed to a fund, investment, or service. Typically, this clause outlines the schedule, method, and conditions under which subscribers receive their share, such as periodic cash payments or allocations based on their proportional interest. Its core practical function is to ensure transparency and fairness in the allocation of returns, preventing disputes and clarifying expectations among all parties involved.
Distribution to Subscribers. 4.1 The Licensee may only distribute the Data to a Subscriber if the Subscriber is party to a Subscriber Agreement: (a) prior to receipt and use of the Data; and (b) during any period in which the Licensee distributes the Data to a Subscriber. 4.2 The Licensee shall ensure that each Subscriber Agreement contains terms that affords the LME, its Third Party Licensors and its Affiliates equal or better protection in every respect than the terms set out under Subscriber Permitted Use in particular but without limitation including a licence for use of the Data and Trade Marks that is no more permissive than that afforded in accordance with Subscriber Permitted Use. Breach of this paragraph 4.2 of this Schedule shall be considered a material breach and shall entitle LME to suspend the performance of or terminate this Agreement in accordance with clause 17.2 of the LME Market Data General Terms. 4.3 The Licensee must receive approval in writing from the LME for permissioning certain Subscribers for the Data, as further described in the LME Policy. 4.4 Where a Subscriber has entered into an agreement with the LME because it is eligible under the LME’s Natural User Policy, and the Licensee chooses to administer such a policy, the Licensee shall, upon notification from the LME, comply with the Natural User Policy with respect to this Schedule 2, as set out in the LME Policy. 4.5 The Licensee shall ensure that it has appropriate systems, rules, procedures and policies in place to allow access to Subscribers and making all reasonable endeavours to ensure Subscribers’ compliance with all relevant terms of this Agreement. This includes appropriate reporting procedures in order to confirm Subscriber Access via Authorised Devices and to confirm that Subscribers' use of the Data complies with the Subscriber Agreement. 4.6 The Licensee shall use Access IDs to control the delivery of Data on a per Authorised Device basis. Simultaneous access to the Data by an Access ID on more than one Authorised Device is prohibited unless otherwise permitted for Subscriber Access by the LME in the LME Policy. The Licensee must implement an auto log off functionality to prevent simultaneous access to the Data by an Access ID on more than one Authorised Device. Such functionality must prevent Data from being displayed when auto log off occurs. 4.7 The Licensee shall install and maintain suitable control, contractual and security systems in order to prevent any unlawful use of the Data or use...
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Distribution to Subscribers. 2.7.1. Licensee is entitled to distribute Information to Subscribers in accordance with ▇▇▇ Form 1. Prior to the distribution of Real-time Information, Licensee must, except as specified in clause 2.6.2 below: (a) ensure that each Subscriber has executed a Subscriber Agreement with Licensee; (b) ensure, by means of Subscriber Agreements or otherwise, that all use and distribution of Real-time Information by Subscriber is subject to effective Operational Controls, except for distribution of Limited Extracts of Information as permitted in this ▇▇▇ Schedule 4; and (c) obtain confirmation from each Private Use Subscriber that the Subscriber meets the definition of Private Use Subscriber as specified in this Agreement. 2.7.2. Licensee may distribute Delayed Information and/or Limited Extracts of Information or may publicly display Information as permitted under clauses 2.7 to 2.9 of this ▇▇▇ Schedule 4 without requiring the recipient or viewer to execute a Subscriber Agreement, provided that the recipients or viewers of such Information are informed that: (a) NZX and Information Providers reserve all Intellectual Property Rights to the Information; (b) NZX and Information Providers accept no liability for the display of the Information or any losses or claims arising from use of the Information; (c) Information is for the personal use of the recipient and may not be redistributed by the recipient to any third party without the prior permission of NZX; and (d) NZX may suspend or terminate receipt of Information by any Person if NZX has reason to believe the Information is being misused or misrepresented.
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Distribution to Subscribers. Licensee is entitled to distribute Information to Subscribers for Business and Private Use. All use of Information other than Private Use is regarded by BHB as Business Use and is subject to the applicable fees per ▇▇▇ Appendix 2 (Fees and Charges). Before releasing Information to any party that wishes to act as a Subscriber, Licensee must a) Ensure that any Person wishing to receive Real-time Information for use in a Closed User Environment has executed the appropriate Subscriber Agreement. b) Ensure, by means of Subscriber Agreements or otherwise, that all use and distribution of Real-time Information by the party shall be subject to Operational Controls, except where Information is distributed in an Open User Environment permitted by this Agreement.
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Distribution to Subscribers. Licensee is entitled to distribute Information to Subscribers for Private and Business Use. All use of Information other than Private Use is regarded by Licensor as Business Use and is subject to the applicable fees per ▇▇▇ Appendix 2 (Fees and Charges).
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Related to Distribution to Subscribers

  • Agreement to Subscribe 1.1 Purchase and Issuance of the Private Placement Units. (a) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Initial Closing Date (as defined below) 594,076 Private Placement Units in consideration of the payment of the Purchase Price. On the Initial Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form. (a) On the date of the consummation of the closing of the over-allotment option, if any, in connection with the IPO or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date, a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, up to 63,424 additional Private Placement Units (or, to the extent the over-allotment option is not exercised in full, a lesser number of Private Placement Units in proportion to the amount of the over-allotment option that is then exercised) at a price of $10.00 per Private Placement Unit for an aggregate purchase price of up to $634,240 (if the over-allotment option is exercised in full) (such amount, the “Over-allotment Purchase Price”). The Subscriber shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), on or prior to the Over-allotment Closing Date. On the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price, the Company shall, at its option, deliver a certificate evidencing the Private Placement Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

  • Agreement to Subscribe Purchase Price (i) SELLER and BUYER are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Rule 506 under Regulation D ("Regulation D") as promulgated by the United States Securities and Exchange Commission under the Securities Act; and (ii) BUYER hereby subscribes for Three Hundred (300) Preferred Shares, at a purchase price of One Thousand Dollars ($1,000) U.S. per share, convertible into Common Shares in accordance with the terms set forth in the Certificate of Designation attached as Exhibit A to this Agreement, for an aggregate purchase price of Three Hundred Thousand Dollars ($300,000) payable in United States Dollars at the Closing, as defined in Paragraph 5 hereof. (iii) BUYER shall pay the purchase price by delivering same day funds in United States Dollars to an escrow agent or as otherwise agreed between the parties, to be delivered to the order of SELLER upon delivery of the Shares. (iv) BUYER shall receive from SELLER at Closing, for no additional consideration, a number of three-year warrants ("Warrant" or "Warrants") to purchase one Common Share for every four Common Shares that BUYER would have received had BUYER converted the Preferred Shares at Closing (the "Warrant Shares"; the Common Shares and the Warrant Shares are sometimes hereinafter collectively referred to as the "Shares"). The Warrants shall have a strike price of $2.00 per share, and shall be exercisable as set forth in the form of Common Stock Purchase Warrant Certificate attached as Exhibit B to this Agreement.

  • Distribution to ADS Holders Whenever the Company intends to distribute to the holders of the Deposited Securities rights to subscribe for additional Shares, the Company shall give notice thereof to the Depositary at least 60 days prior to the proposed distribution stating whether or not it wishes such rights to be made available to Holders of ADSs. Upon timely receipt of a notice indicating that the Company wishes such rights to be made available to Holders of ADSs, the Depositary shall consult with the Company to determine, and the Company shall determine, whether it is lawful and reasonably practicable to make such rights available to the Holders. The Depositary shall make such rights available to Holders only if (i) the Company shall have timely requested that such rights be made available to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7 hereof and (iii) the Depositary shall have determined that such distribution of rights is lawful and reasonably practicable. In the event any of the conditions set forth above are not satisfied, the Depositary shall proceed with the sale of the rights as contemplated in Section 4.4(b) below or, if timing or market conditions may not permit, do nothing thereby allowing such rights to lapse. In the event all conditions set forth above are satisfied, the Depositary shall establish an ADS Record Date (upon the terms described in Section 4.7 hereof) and establish procedures to distribute such rights (by means of warrants or otherwise) and to enable the Holders to exercise the rights (upon payment of applicable fees and charges of, and expenses incurred by, the Depositary and taxes and/or other governmental charges). Nothing herein shall obligate the Depositary to make available to the Holders a method to exercise such rights to subscribe for Shares (rather than ADSs).

  • Notification to Subsequent Employer When the Executive’s employment with the Company terminates, the Executive agrees to notify any subsequent employer of the restrictive covenants sections contained in this Agreement. The Executive will also deliver a copy of such notice to the Company before the Executive commences employment with any subsequent employer. In addition, the Executive authorizes the Company to provide a copy of the restrictive covenants sections of this Agreement to third parties, including but not limited to, the Executive’s subsequent, anticipated, or possible future employer.

  • PAYMENT TO SUB-CONTRACTORS 12.1 Transnet reserves the right, in its sole discretion, to make payment directly to the sub-contractor of the Supplier/Service Provider, subject to the following conditions: a) Receipt of an undisputed invoice from the sub-contractor; and b) Receipt of written confirmation from the Supplier/Service Provider that the amounts claimed by the sub-contractor are correct and that the services for which the sub- contractor has requested payment were rendered to the satisfaction of the Supplier/Service Provider, against the required standards. 12.2 Nothing contained in this clause must be interpreted as bestowing on any sub-contractor a right or legitimate expectation to be paid directly by Transnet. Furthermore, this clause does not bestow any right or legitimate expectation on the Supplier/Service provider to demand that Transnet pay its sub-contractor directly. The decision to pay any sub-contractor directly, remains that of Transnet alone.