Affected Interest definition

Affected Interest has the meaning set forth in Section 10.01 hereof.

Affected Interest has the meaning given such term in Section 5.03(a).

Affected Interest has the meaning specified in Section 8.3.

Examples of Affected Interest in a sentence

• Upon the delivery and receipt of an Exercise Notice hereunder, the Partnership shall be required to purchase and redeem from the Affected Limited Partner, and the Affected Limited Partner shall be obligated to sell to the Partnership, the Affected Interest for the purchase price determined pursuant to Section 10.02 hereof and pursuant to the terms and conditions set forth in Section 10.04.

• The purchase price payable by the Partnership for the Affected Interest shall be its Fair Market Value as of the date of delivery of the applicable Exercise Notice as agreed to by the General Partner and the Affected Limited Partner or, if no such agreement is reached, as determined by the Designated Appraiser in accordance with Section 10.03.

• Such two (2) Qualified Appraisers shall promptly select a third Qualified Appraiser (the “Designated Appraiser”) who shall be engaged to select one (1) of such two (2) appraisals which he determines to reflect more accurately the Fair Market Value of the Affected Interest and to provide prompt written notice of such selection to the General Partner and the Affected Limited Partner.

• The purchase price payable for the Affected Interest (the “Purchase Price”) shall be payable in thirty-six (36) equal successive monthly installments of principal and interest, with interest on the balance of the Purchase Price accruing from the date of the closing described in Section 10.05 below at 10.75% per annum.

• The appraisal selected by the Designated Appraiser shall constitute the conclusive and binding determination of the Fair Market Value of the Affected Interest.

More Definitions of Affected Interest

Affected Interest means the Membership Interest or Economic Interest which the Transferring Interest Holder is required to sell to the Company and the Eligible Members pursuant to Section 8.2(c) above.

Affected Interest means the Subject Interests in which prior to Closing Seller (A) fails to obtain a Required Consent to assign that would invalidate the conveyance of the Subject Interests affected by the consent to assign or materially affect the value or use of the Subject Interests; or (B) is notified that a third party intends to exercise its preferential right to purchase.

Affected Interest means either of the following: (a) the affected portion of a Member's Membership Interest, in the event of a Transfer (including a proposed or attempted Transfer) by any Person of such portion of such Member's Voting Rights and/or Financial Rights in violation of this Agreement; or (b) the affected portion of a Member's Membership Interest, in the event that such portion becomes subject to the right of the Company or any other Member to purchase such portion under this Article 17.

Affected Interest has the meaning ascribed to it in Section 3.4(f)(i)(A).

Affected Interest shall have the meaning set forth in Section 8.1(a).

Affected Interest means a Partnership Interest (or portion thereof) (i) that a Partner Transfers or attempts to Transfer in violation of this Agreement, whether or not the Partnership is required by law (and/or by order of a court) to recognize such Transfer, (ii) that is subjected (except as permitted by this Agreement) to a lien or security interest, (iii) that is subjected to attachment, “charging order,” foreclosure (even if such Partnership Interest was subjected to a lien or security interest as permitted in this Agreement), garnishment, or levy, or (iv) that is held by a Partner who dies (unless the persons or Entities to whom the deceased Partner's estate will distribute such Partnership Interest are Permitted Transferees, or such persons or Entities obtain the consent of all the other Partners), dissolves, becomes Bankrupt, becomes insolvent, or is adjudicated incompetent.

Affected Interest has the meaning set forth in Section 10.04(a) hereof. “Affected Principal” has the meaning set forth in Section 10.04(a) hereof.