Common use of Interim Capital Transaction Clause in Contracts

Interim Capital Transaction. A transaction pursuant to which the --------------------------- Partnership borrows funds or refinances existing debt, a sale, condemnation, exchange, abandonment or other disposition of a portion (which is less than substantially all) of the assets of the Partnership, an insurance recovery and any other transaction, other than a Terminating Capital Transaction, that, in accordance with generally accepted accounting principles, is considered capital in nature.

Appears in 3 contracts

Samples: Sforza Enterprises Inc, Sforza Enterprises Inc, Sforza Enterprises Inc

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Interim Capital Transaction. A transaction pursuant to which the --------------------------- Partnership Company borrows funds or refinances existing debt, a sale, condemnation, exchange, abandonment or other disposition of a portion (which is less than substantially all) of the assets of the PartnershipCompany, an insurance recovery and or any other transaction, other than a Terminating Capital Transaction, that, in accordance with generally accepted accounting principlesGAAP, is considered capital in nature.

Appears in 2 contracts

Samples: Operating Agreement (Coach Industries Group Inc), Operating Agreement (Coach Industries Group Inc)

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Interim Capital Transaction. A transaction pursuant to which the --------------------------- Partnership Company borrows funds or refinances existing debt, a sale, condemnation, exchange, abandonment or other disposition of a portion (which is less than substantially all) of the assets of the PartnershipCompany, an insurance recovery and or any other transaction, other than a Terminating Capital Transaction, Transaction that, in accordance with generally accepted accounting principles, is considered capital in nature.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Lakes Entertainment Inc)

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