Interim Distributions means all Distributions that are not Liquidation Distributions.
Interim Distributions means one or more Pro Rata Distributions of Available Cash made in accordance with the Plan and/or any Order of the Bankruptcy Court on account of Allowed Claims before the Final Distribution.
Interim Distributions has the meaning given in Section 9.1(c).
Examples of Interim Distributions in a sentence
Interim Distributions will be made at times as the Manager determines in its sole discretion.
Interim Distributions will be made at times as the Manager determines.
Any distributions other than Interim Distributions, the First Common Distribution, the Second Common Distribution, and the Preferred Distribution, may be made in accordance with Section 4.1.2 out of Available Assets from time solely as determined by the Manager.
Absent a Monetary Event of Default which has occurred and is continuing, all Interim Distributions may be released from the Account to Borrower or disbursed by Borrower to pay tax obligations of the Borrower, and of Xxxxxxxxx Capital Partners, LLC, Xxxxxxxxx & Co. LLC and Xxxxxxxxx Cogent LP; and for other general corporate purposes.
More Definitions of Interim Distributions
Interim Distributions shall have the meaning ascribed to it in Section 4.3.
Interim Distributions means, to the extent undertaken during the Purchaser Period and prior to Closing, and to the extent not otherwise accounted for in the adjustments provided in Section 2.2(a): (i) any dividend, returns of capital or other form of distribution or payment in respect of the Purchased Shares or any other securities of the Company declared by the Company or paid or made by the Company; (ii) the redemption, retraction or repurchase of any shares, units or other equity interests of the Company held by a Seller or any Affiliate of any Seller; (iii) any payment by the Company in respect of any Transaction Expenses; (iv) any other payment to, on behalf of or for the benefit of, any Seller or any Affiliate of a Seller by the Company (including the repayment of any debts owed by the Company to the Sellers or any Affiliate of a Seller); and (v) any Tax payable by the Company as a result of any of the foregoing; provided, that in no case shall Interim Distributions include any amounts distributed by the Company to a Seller in respect of any Seller Period Distributions.
Interim Distributions. 4.2(a) “Liabilities” 6.5.3 “Main Fund” Preamble
Interim Distributions means the interim distributions of assets to the holders of Allowed Claims to be made subsequent to the Effective pursuant to Section 6.5.
Interim Distributions or “Exit Fee” as defined in and payable pursuant to Section 3.1.2 and 3.1.6, respectively, of the Trade Receivables Repayment Agreement,”
Interim Distributions has the meaning given to it in Section 7.1(a)(xviii).
Interim Distributions as defined in and payable pursuant to Section 3.1.2 of the Trade Receivables Repayment Agreement, including without limitation up to 15% of the amount of the proceeds of Notes to pay claims owed to the Vendor Trust or otherwise owed to Trade Creditors, (d) payments required to be made pursuant to Section 3.1.5.1 and 3.1.5.2 of the Trade Receivables Repayment Agreement, (e) the CTRIP Obligations to the extent satisfied solely with a Permitted Equity Issuance, (f) regularly scheduled obligations with respect to the Indebtedness owed to Utica Leaseco, LLC, (g) payment of the Evergrande Debt from the proceeds of Notes, (h) the legal fees of HK$7,850,288 owing by FF Intelligent to Season Smart pursuant to the second emergency arbitral award dated 29 November 2018, (i) the unsecured Indebtedness in the amount of US$760,000 owing by FF Intelligent to Season Smart, (j) payment of interest paid-in-kind in accordance with the Trade Receivables Repayment Agreement, (k) payment of the Obligations in accordance with the Note Documents, provided that no cash interest payments shall be made on the Last Out Notes other than as provided in clause (q), (l) the Hanford Replenishment, (m) the Pre-A Debt Conversion, (n) payment of Indebtedness owing to Warm Time Inc., in an aggregate amount not to exceed $1,500,000 after the Second A&R Date, (o) payment in full of the Pacific Note Indebtedness, (p) any payment of Indebtedness of an Obligor or Subsidiary by an Obligor or Subsidiary payable solely in, or by conversion to, the Equity Interests of such Person (or any parent entity of such Person) (including, without limitation, pursuant to the Qualified SPAC Merger), (q) monthly payments of accrued cash interest in an amount not to exceed ten percent (10%) per annum to Chui Tin Mok with regard to his Last Out Notes, and (r) monthly payments of interest accrued under that certain unsecured promissory note, dated as of February 14, 2020, made by Faraday in favor of Xxxxxxxx Xxxx in accordance with the terms thereof.