Capital Transaction Clause Samples
A Capital Transaction clause defines and governs significant financial events involving the assets or equity of a business, such as the sale, refinancing, or recapitalization of company property or interests. This clause typically outlines how proceeds from such transactions are to be distributed among stakeholders, and may specify the process for approval or notification. Its core function is to ensure transparency and fairness in handling major financial events, thereby preventing disputes and clarifying the rights and obligations of all parties involved.
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Capital Transaction. Capital Transaction shall mean the sale or refinancing of Company assets.
Capital Transaction. After Closing, Purchaser hereby agrees that if at any time prior to the Noteholders being paid in full there is a Capital Transaction or Sale involving Purchaser, in either event in an amount in excess of Seven Million Five Hundred Thousand Dollars ($7,500,000.00), then the Noteholders shall immediately be paid in full pursuant to their applicable Promissory Notes. For purposes of this Section, the following terms have the
Capital Transaction. “Capital Transaction” means (i) the sale, lease, exchange, condemnation, casualty or other disposition of the Company’s Business or any of its assets, whether voluntary or involuntary; and (ii) any financing or refinancing of the Company’s assets or other Company borrowing, except for credit purchases of goods and services on a current basis and in the ordinary course of Business.
Capital Transaction. An Interim Capital Transaction or a Terminating Capital Transaction.
Capital Transaction. Buyer has sufficient capital to consummate the Purchase and to perform its other obligations under this Agreement and any other documents executed in connection herewith.
Capital Transaction. “Capital Transaction” means (a) the refinancing of the Property; (b) the sale, exchange or other disposition of any material part of the Property or all or substantially all of the Property (including the condemnation of the Property); (c) the dissolution of the Company; or (d) any transaction not in the ordinary course of business which results in the Company’s receipt of cash or other consideration (other than Capital Contributions), including, without limitation, proceeds of sales, exchanges, or other dispositions of assets not in the ordinary course of business, condemnations, recoveries of damage awards, and insurance proceeds.
Capital Transaction. Capital Transaction shall mean the refinance, sale, condemnation, exchange or casualty not followed by reconstruction, or other disposition, whether by foreclosure or otherwise, of Company Assets or the assets of a Subsidiary of the Company, or any part thereof owned by the Company or a Subsidiary of the Company. The Company’s Manager may, in its reasonable discretion, elect to use any or all cash derived from Capital Transactions for reinvestment.
Capital Transaction. 3 1.11 Certificate.....................................................3 1.12 Code............................................................3 1.13
Capital Transaction. “Capital Transaction” means (a) the refinancing of the Property; (b) the sale, exchange or other disposition of any material part of the Property or all or substantially all of the Property (including the condemnation of the Property); (c) the dissolution of the Company; or (d) any transaction not in the ordinary course of business which results in the Company’s receipt of cash or other consideration in an amount greater than One Hundred Thousand Dollars ($100,000) in the aggregate (other than Capital Contributions), including, without limitation, proceeds of sales, exchanges, or other dispositions of assets not in the ordinary course of business, condemnations, recoveries of damage awards, and insurance proceeds.
Capital Transaction. The sale, exchange or other disposition of all or any portion of the property of the Partnership other than in the ordinary course of business of the Partnership. Capital Transactions include the financing or refinancing of Partnership property which creates excess funds not needed for Operations and which funds, in the opinion of the General Partner, are available for distribution to the Partners.