Common use of Extraordinary Event Clause in Contracts

Extraordinary Event. Any financing, refinancing, insurance award (other than for substantially complete destruction of all or substantially all of the Company's property) and sale of Company assets (but less than all or substantially all of such assets), which in accordance with generally accepted accounting principles are attributable to capital but which do not result in a dissolution of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Imax Corp), Limited Liability Company Agreement (Imax Corp), Limited Liability Company Agreement (Imax Corp)

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Extraordinary Event. Any financing, refinancing, insurance award (other than for substantially complete destruction of all or substantially all of the CompanyPartnership's property) and sale of Company Partnership assets (but less than all or substantially all of such assets), which in accordance with generally accepted accounting principles are attributable to capital but which do not result in a dissolution of the CompanyPartnership.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Frost Phillip Md Et Al), Limited Partnership Agreement (Frost Phillip Md Et Al), Limited Partnership Agreement (Frost Phillip Md Et Al)

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