Example ContractsClausesIn Kind Dividends
In Kind Dividends
In Kind Dividends contract clause examples

In Kind Dividends. If any "in kind" dividends were credited to the Participant's Stock Unit Account under Section 6.5, such dividends shall be payable to the Participant in full on the date of the first distribution of Shares under Section 7.2.

In Kind Dividends. If any “in kinddividends were credited to the Participant’s Stock Unit Account under [Section 6.5], such dividends shall be payable to the Participant in full on the date of the first distribution of Shares under [Section 8.1].

In Kind Dividends. If any "in kind" dividends were credited to the Participant's Stock Unit Account under Section 6.5, such dividends shall be payable to the Participant in full on the date of the first distribution of Shares under Section 7.2.

Payment in Kind. On each Quarterly Payment Date, # the Borrower shall pay all of the accrued Cash Interest Amount in respect of the Loans in full in cash, and # the Borrower shall pay all of the accrued PIK Interest Amount in respect of the Loans in full in cash; provided that, in the case of this clause (ii), in the event that on any Quarterly Payment Date the amount available in the Borrower Waterfall Account for distribution pursuant to [Section 2.08(d)] shall not be sufficient to pay in full in cash the total aggregate PIK Interest Amount on the Loans on such Quarterly Payment Date, the Borrower shall, without penalty, pay a portion of the accrued PIK Interest Amount due and payable on each Loan in kind solely to the extent that there are insufficient funds in the Borrower Waterfall Account available for the payment in full of such accrued PIK Interest Amount in cash (with any portion thereof not paid in kind to be paid in cash). The aggregate outstanding principal amount of the Loans shall be automatically increased on each such Quarterly Payment Date by the amount of such interest paid in kind (and such increased principal shall bear interest at a rate per annum equal to the sum of # the Cash Interest Rate plus # the PIK Interest Rate).

In Kind Credits. In-kind credits of the Royalty relating to gold and silver shall be made as an in-kind credit in the form of Refined Gold and Refined Silver as set forth under the Royalty Agreement.

In-Kind Commitments. Subject to the terms and conditions set forth herein, at the Closing, each Committer will make an in-kind Capital Contribution (each, an “In-Kind Contribution”) to the Company as follows: # Arvinas will enter into the Arvinas IP Contribution Agreement; and # Bayer will enter into the Bayer IP Contribution Agreement.

In-Kind Credits. In-kind credits of the Precious Metals Royalty shall be made in accordance with this Section 6.

Payment in Kind Interest. Section 2.08 of the Credit Agreement is hereby amended to add the following:

Payment in Kind Interest. Interest will accrue on a daily basis on the average daily outstanding balance of the Revolving Commitment at the Payment in Kind Interest Rate (the “PIK Interest”). Lenders hereby waive the accrued and unpaid PIK Interest for the applicable fiscal quarter so long as no Default or Event of Default occurs after the Amendment No. 4 Effective Date. If any Default or Event of Default occurs after the Amendment No. 4 Effective Date, all PIK Interest accruing thereafter will not be waived and will be due and payable in full upon the Maturity Date of the Revolving Credit Facility or earlier acceleration thereof, or the refinancing of the Credit Facility, whichever occurs first.

Deferment; Distribution in Kind. Notwithstanding the provisions of [Section 12.2], but subject to the order of priorities set forth therein, if upon dissolution of the Company the liquidators determine that an immediate sale of part or all of the Company’s assets would be impractical or would cause undue loss (or would otherwise not be beneficial) to the Members, the liquidators may, in their sole discretion, defer for a reasonable time the liquidation of any assets except those necessary to satisfy Company liabilities (other than loans to the Company by Members) and reserves. Subject to the order of priorities set forth in [Section 12.2], the liquidators may, in their sole discretion, distribute to the Members, in lieu of cash, either # all or any portion of such remaining Company assets in-kind in accordance with the provisions of [Section 12.2(d), (ii)])] as tenants in common and in accordance with the provisions of [Section 12.2(d)], undivided interests in all or any portion of such Company assets or # a combination of the foregoing. Any such Distributions in kind shall be subject to # such conditions relating to the disposition and management of such assets as the liquidators deem reasonable and equitable and # the terms and conditions of any agreements governing such assets (or the operation thereof or the holders thereof) at such time. Any Company assets distributed in kind will first be written up or down to their Fair Market Value (as determined by the liquidators rather than the Board), thus creating Profit or loss (if any), which shall be allocated in accordance with Sections 4.2 and 4.3.

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