Examples of Distribution in a sentence
No Borrower shall make a Distribution (i) prior to such date that the Guaranteed Consideration has been paid in full or (ii) if an Event of Default or Unmatured Event of Default shall have occurred and is continuing or would result from the making of any of such Distribution.
Distribution of advertising and promotional materials, digital media, audio recordings and/or videos by the Sponsor or its agents is limited to Sponsor’s/Exhibitor’s assigned booth location at the Sponsor/Exhibitor Hall.
No later than the second Business Day after each Distribution Date, the Servicer will deliver to the Backup Servicer an electronic file in a form acceptable to the Backup Servicer containing all information necessary to allow the Backup Servicer to perform the actions set forth hereunder (the “Monthly Tape”).
In the event that the Backup Servicer reports any discrepancies, the Servicer and the Backup Servicer shall attempt to reconcile such discrepancies prior to the next succeeding Distribution Date, but in the absence of a reconciliation, the Servicer’s Certificate shall control for the purpose of calculations and distributions with respect to the next succeeding Distribution Date.
Collected Funds received after the last day of the Collection Period preceding the Distribution Date on which such optional purchase occurs shall be property, and for the account, of the Servicer and the Seller, and distributed by the Indenture Trustee to the Servicer or the Seller, as applicable, or may be applied by the Servicer or the Seller, at their option, to the payment of the Optional Purchase Amount.