Capital Transaction. An Interim Capital Transaction or a Terminating Capital Transaction.
Capital Transaction. Capital Transaction shall mean the sale or refinancing of Company Assets.
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. “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. “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. 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.
Capital Transaction. 3 1.11 Certificate ...................................................3 1.12 Code ..........................................................3 1.13
Capital Transaction. Capital Transaction"shall mean any transaction pursuant to, which (a) Palace borrows funds, (b) all or part of Palace's properties are sold, condemned, exchanged, abandoned or otherwise disposed of, (c) insurance proceeds or other damages are recovered by Palace, or (d) any other transaction that, in accordance with generally accepted accounting principles consistently applied, is considered capital in nature (including, without limitation, any transaction that is entered into in connection with, or results in, the Liquidation of Palace).
Capital Transaction. The term “Capital Transaction” shall mean any of the following: (i) one or more mergers, consolidations, liquidations, sales of more than 50% of the assets of the Company in a single transaction or series of related transactions, or other similar corporate actions pursuant to which the Company or the holders of Common Stock receive cash, securities or other property; and (ii) the sale by the Company of securities which upon issuance constitute, or upon exercise, exchange or conversion will constitute, 50% or more of the Common Stock and the Preferred Stock of the Company to a Person not an Affiliate of the Company (other than by operation of such sale) by means of a public or private sale.
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
