Notice of Distribution Clause Samples
The Notice of Distribution clause requires a party, typically a trustee or administrator, to formally inform beneficiaries or relevant stakeholders before distributing assets or funds. In practice, this clause outlines the method and timing for providing such notice, ensuring that all entitled parties are aware of impending distributions and have an opportunity to raise any concerns or claims. Its core function is to promote transparency and fairness in the distribution process, reducing the risk of disputes or overlooked interests.
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Notice of Distribution. The Trust shall promptly inform SAS of the declaration of any dividend or distribution on account of its Shares.
Notice of Distribution. If the Board of Directors of the Company shall declare any dividend or other distribution with respect to its Common Stock other than a cash distribution out of earned surplus, the Company shall mail notice thereof to the Holder of this Warrant not less than twenty (20) days prior to the record date fixed for determining stockholders entitled to participate in such dividend or other distribution. Each such written notice shall be sufficiently given if addressed to the Holder at the last address of the Holder appearing on the books of the Company and delivered in accordance with Section 16(d) hereof.
Notice of Distribution. The Fund shall promptly inform AAL of the declaration of any dividend or distribution on account of its shares, including the amount per share, record date, date payable and the Portfolio.
Notice of Distribution. 5 5. Distributions............................................................6
Notice of Distribution. Except to the extent provided for in this Settlement Agreement, the form of notice in respect to the administration of this Settlement Agreement and the Distribution Protocol shall be determined by the Courts on motions brought by Class Counsel.
Notice of Distribution. The Company shall promptly inform SAS of the declaration of any dividend or distribution on account of its Shares.
Notice of Distribution. It will give written notice to the Trustee and each Special Warrantholder specifying the particulars of each payment or distribution made in accordance with Section 4.7, within three Business Days of such payment or distribution. Any notices or deliveries required to be provided to holders of Special Warrants hereunder will be sent by prepaid mail or delivery to each holder of Special Warrants at the address of such holder appearing on the register of Special Warrants maintained hereunder.
Notice of Distribution. (1) Except to the extent provided for in this Settlement Agreement, the Courts shall determine the form of notice in respect to the administration of this Settlement Agreement and any Distribution Protocol, on motions brought by Class Counsel.
(2) The Plaintiffs shall notify the Settling Defendants in writing at least twenty days prior to the publication of any Notice, of the date on which the Notice will be published.
Notice of Distribution. 7. The Funds shall promptly inform BLIC of the declaration of any dividend or distribution on account of shares of a Portfolio, including the amount per share, record date and date payable.
Notice of Distribution. 14.2.1 No later than seven Business Days prior to the date on which the Company makes a Common Terms Distribution, the Company shall issue a Notice (a “Notice of Distribution”) to each Qualifying Consenting Beneficiary.
14.2.2 The Notice of Distribution for each Qualifying Consenting Beneficiary shall contain the following information:
(i) the name of the Qualifying Consenting Beneficiary and its GAC Code;
(ii) the intended Distribution Date;
(iii) the expected Available Funds to be applied or distributed on the Distribution Date;
(iv) the amount of the Best Claim of that Qualifying Consenting Beneficiary;
(v) the amount of the Attributable Reserves and Attributable Payments in respect of or attributable to that Qualifying Consenting Beneficiary;
(vi) the amount of the Gross Distribution of that Qualifying Consenting Beneficiary;
(vii) the expected amount of the Permitted Deductions of that Qualifying Consenting Beneficiary; and
(viii) the expected amount of the Net Distribution of that Qualifying Consenting Beneficiary, together with such other background information and calculations in relation to the items in Clauses 14.2.2(v) to 14.2.2(viii) as the Company may include, in its absolute discretion.
14.2.3 The Company may, but will not be obliged to, for the purposes of a particular Common Terms Distribution:
(i) issue to any Consenting Beneficiary which is ineligible to be a Qualifying Consenting Beneficiary at the Cut-Off Date in respect of such Common Terms Distribution a Notice of Distribution indicating its ineligibility; and
(ii) provide via the Portal from time to time to any Consenting Beneficiary which is ineligible to be a Qualifying Consenting Beneficiary such information in relation to any intended Common Terms Distribution as the Company considers appropriate (in its absolute discretion).
14.2.4 All information contained in a Notice of Distribution, with the exception of any Notice of Distribution Figure (where applicable) shall be final and binding on each Consenting Beneficiary.
14.2.5 If:
(i) there are not matching payment instructions in place at the time of the intended distribution in respect of any Qualifying Consenting Beneficiary; or
(ii) the Company elects not to make the distribution to some but not all Qualifying Consenting Beneficiaries pursuant to Clause 14.2.6, then the Company shall not be obliged to increase any of the amounts to be applied or distributed to any other person on that Distribution Date.
14.2.6 The Company shall...