Second Distribution Date definition
Examples of Second Distribution Date in a sentence
One half of the portion of the Bonus payable on the Second Distribution Date and the Third Distribution Date shall be distributed in shares of Common Stock and the other half of the portion of the Bonus payable on the Second Distribution Date and the Third Distribution Date shall be paid in cash based on the Value of the shares of Common Stock required to be distributed.
On the Second Distribution Date, an amount equal to 50% of Bonus shall be distributed by the Company or one of its subsidiaries to the Participant, and the amount credited to the Participant's Bonus Account shall be debited by the amount so distributed.
FirstCity and the Trust agree that on or about July 31, 1997, shall be a Distribution Date and that the Distribution Amount on the Second Distribution Date shall be the Second Distribution Amount.
Buyer shall promptly notify Seller or the Representative in writing on or after the Second Distribution Date if there are no amounts due or to be distributed to Seller pursuant to Article VII of this Agreement.
The Trust shall distribute the First Distribution Amount to FirstCity on the First Distribution Date and shall distribute the Second Distribution Amount to FirstCity on the Second Distribution Date.
Subject to the provisions of the Rights Agreement, the Rights evidenced by this Certificate may be redeemed by the Company at its option at a redemption price of $.001 per Right at any time prior to the earlier of the close of business on (i) the Second Distribution Date, and (ii) the Final Expiration Date, subject to extension as provided in the Rights Agreement.
All Tax Returns for taxable periods including, but ending after, the Second Distribution Date (“Straddle Period Returns”) will be prepared in a manner consistent with the EHI Group’s past Tax accounting practice and, in the absence thereof, with reasonable Tax accounting practices selected by HPOP and HOP.
The indemnification provisions of this Section 13 shall be the exclusive remedy following the Second Distribution Date for the allocation of Taxes pursuant to this Agreement.
Each Class D Unit issued on or after the First Distribution Date but prior to the Second Distribution Date shall have a Conversion Price equal to the Fair Market Value of a Class A Unit (after giving effect to the First Distribution ) at the time of issuance of such Class D Unit minus the Second Distribution Per Unit Amount.
On the Second Distribution Date, the Escrow Agent shall distribute to Seller Parent (to Seller Parent’s account as Seller Parent shall designate in writing) thirty-three and one third percent (331/3%) of the balance of the Escrow Property, after the Escrow Property has been reduced by the Initial Reserved Amount.