Distributions During Term of Company Clause Samples

The "Distributions During Term of Company" clause defines how and when profits or other assets are distributed to members or shareholders while the company is still operating. Typically, this clause outlines the conditions under which distributions can be made, such as requiring sufficient available cash or compliance with financial covenants, and may specify the proportion or priority of distributions among members. Its core function is to provide a clear framework for sharing company earnings during its lifetime, thereby preventing disputes and ensuring all parties understand their rights to interim distributions.
Distributions During Term of Company. The Management Directors in their sole discretion prior to dissolution of the Company may, but shall not be obligated to, distribute such Property of the Company, whether in cash or in kind, as the Management Directors may from time to time deem advisable, after the Management Directors have established such reserves as the Management Directors consider appropriate.
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Distributions During Term of Company. 10 Section 9.2 Distributions Upon Liquidation. 10 Section 9.3 Limitation on Distributions. 10 ARTICLE X INDEMNIFICATION 10
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Distributions During Term of Company. 10 Section 9.2 Distributions Upon Liquidation. 10 Section 9.3 Limitation on Distributions. 11 ARTICLE X INDEMNIFICATION 11 Section 10.1 Definitions 11 Section 10.2 Indemnification. 11 Section 10.3 Successful Defense. 12 Section 10.4 Determinations. 12 Section 10.5 Advancement of Expenses. 12 Section 10.6 Other Indemnification and Insurance. 12 Section 10.7 Construction. 13 Section 10.8 Continuing Offer, Reliance, etc. 13 Section 10.9 Effect of Amendment. 13
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Related to Distributions During Term of Company

  • Distributions During Lifetime (a) Notwithstanding any provision of this Agreement to the contrary, the distribution of the Participant’s interest in the Custodial Account shall be made in accordance with the requirements of Code Section 408(a)(6) and the regulations thereunder, the provisions of which are herein incorporated by reference. If distributions are made from an annuity contract purchased from an insurance company, distributions thereunder must satisfy the requirements of Q&A-4 of Section 1.401(a)(9)-6 of the Income Tax Regulations, rather than paragraphs (b), (c) and (d) below and Section 5.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • Allocations During the Controlled Accumulation Period During the Controlled Accumulation Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date (such product for any such date, a "Percentage Allocation") shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that if the sum of such Percentage Allocation and all preceding Percentage Allocations with respect to the same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall not be treated as a Percentage Allocation and shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Death During Distribution of a Benefit If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.