Distributions Generally Clause Samples
Distributions Generally. (a) Subject to Section 7.01 respecting the final distribution on the Certificates, on each Distribution Date the Trustee or the Paying Agent shall make distributions in accordance with this Article V. Such distributions shall be made by check mailed to each Certificateholder's address as it appears on the Certificate Register of the Certificate Registrar or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date by any Certificateholder owning an aggregate initial Certificate Principal Amount of at least $1,000,000, or in the case of a Class of Interest-Only Certificates or Residual Certificate, a Percentage Interest of not less than 100%, by wire transfer in immediately available funds to an account specified in the request and at the expense of such Certificateholder; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Certificate Registrar's Corporate Trust Office; provided, further, that the foregoing provisions shall not apply to any Class of Certificates as long as such Certificate remains a Book-Entry Certificate in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Wire transfers will be made at the expense of the Holder requesting such wire transfer by deducting a wire transfer fee from the related distribution. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of each REMIC and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Certificate Registrar's Corporate Trust Office. If any payment required to be made on the Certificates is to be made on a day that is not a Business Day, then such payment will be made on the next succeeding Business Day.
(b) All distributions or allocations made with respect to the Certificateholders within each Class on each Distribution Date shall be allocated among the outstanding Certificates in such Class equally in proportion to their respective initial Class Principal Amounts or initial Class Notional Amounts (or Percentage Interests).
Distributions Generally. (a) Subject to Section 7.01 respecting the final distribution on the Certificates, on each Distribution Date the Trustee or the Paying Agent shall make distributions in accordance with this Article V. Such distributions shall be made by check mailed to each Certificateholder’s address as it appears on the Certificate Register of the Certificate Registrar (which shall initially be the Trustee) or, upon written request made to the Trustee at least five Business Days prior to the related Distribution Date, by wire transfer in immediately available funds to an account specified in the request and at the expense of such Certificateholder; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office. Distributions on Book-Entry Certificates shall be made by wire transfer. Notwithstanding such final distribution of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of each REMIC and the payment in full of all other amounts due with respect to the Residual Certificate and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office of the Trustee. If any payment required to be made on the Certificates is to be made on a day that is not a Business Day, then such payment will be made on the next succeeding Business Day.
(b) All distributions or allocations made with respect to Certificateholders within each Class on each Distribution Date shall be allocated among the outstanding Certificates in such Class equally in proportion to their respective initial Certificate Principal Amounts (or initial Notional Amounts).
Distributions Generally. Except as otherwise provided in Section 11.02, distributions shall be made to the Members as set forth in this Section 5.03, at such times and in such amounts as the Managing Member, in its sole discretion, shall determine.
Distributions Generally. 76 Section 5.02 Distributions from the Distribution Account...................................... 77
Distributions Generally. Distributions on the LTIP Units, if authorized, shall be payable on such dates and in such manner as may be authorized by the General Partner (any such date, an “LTIP Unit Distribution Participation Date”); provided that the LTIP Unit Distribution Participation Date shall be the same as the corresponding date relating to the corresponding distribution on the Partnership Common Units. The record date for determining which Holders of LTIP Units are entitled to receive a distributions shall be the corresponding Partnership Record Date.
Distributions Generally. 61 Section 5.02. Distributions from the Certificate Account.................................................61 Section 5.03.
Distributions Generally. Section 5.02. Distributions from the Certificate Account.
Distributions Generally. 77 Table of Contents (continued) Page Section 5.02. Distributions from the Certificate Account.......................................78 Section 5.03. Allocation of Realized Losses....................................................84 Section 5.04. Advances by the Master Servicer and the Trustee..................................85 Section 5.05. Compensating Interest Payments...................................................86 Section 5.06. Cap Agreement Reserve Fund.......................................................86 Article VI CONCERNING THE TRUSTEE; EVENTS OF DEFAULT....................................................87
Distributions Generally. Section 6.2
Distributions Generally. Except as otherwise set forth in this Section 4.1, and subject to the provisions of Section 18-607 of the Delaware Act, the Board may make Distributions at any time or from time to time. All Distributions shall be made only in the following order and priority:
(i) First, to the Unitholders holding Class A Preferred Units, an amount equal to the aggregate Class A Preferred Unpaid Yield (in the proportion that each Unitholder’s share of Class A Preferred Unpaid Yield bears to the aggregate Class A Preferred Unpaid Yield) until each such Unitholder has received Distributions in respect of such Unitholder’s Class A Preferred Units in an amount equal to the aggregate Class A Preferred Unpaid Yield on such Unitholder’s outstanding Class A Preferred Units as of the time of such Distribution, and no Distribution or any portion thereof may be made pursuant to Sections 4.1(a)(ii) or (iii) below until the entire amount of the Class A Preferred Unpaid Yield on the outstanding Class A Preferred Units as of the time of such Distribution (as limited by the next occurring proviso below) has been paid in full; provided that no Distribution shall be made pursuant to this Section 4.1(a)(i) in respect of a Class A Preferred Unit to the extent such Distribution, when combined with all previous Distributions made pursuant to this Section 4.1(a)(i), would exceed the aggregate amount by which Profits of the Company exceed Losses of the Company since the date of issuance of such Class A Preferred Unit (for this purpose unless otherwise determined by the Board, to the extent that any Class A Preferred Unit is issued after the date hereof, Profits and Losses of the Company with respect to that Unit shall be determined as if the Company had written up its assets under Treasury Reg. §1.704-1(b)(2)(iv)(f) in connection with the issuance of such Class A Preferred Unit).
(ii) Second, to the Unitholders holding Class A Preferred Units, an amount equal to the aggregate Class A Preferred Unreturned Capital with respect to such Units (in the proportion that each Unitholder’s share of Class A Preferred Unreturned Capital with respect to such Class A Preferred Units bears to the aggregate amount of Class A Preferred Unreturned Capital with respect to all Class A Preferred Units) until each such Unitholder has received Distributions in respect of such Unitholder’s Class A Preferred Units in an amount equal to the aggregate Class A Preferred Unreturned Capital with respect to such Unitholder’s C...