Affected Interest definition

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

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

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.

Examples of Affected Interest in a sentence

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.
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 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.
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.
If the General Partner and the Affected Limited Partner are unable to agree to the Fair Market Value of the Affected Interest within twenty (20) days after the delivery of the applicable Exercise Notice, the General Partner and the Affected Limited Partner shall each designate and engage a Qualified Appraiser to provide within thirty (30) days following his engagement a written appraisal of such Fair Market Value.

More Definitions of Affected Interest

Affected Interest has the meaning specified in Section 8.3.

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

Affected Interest means the Interest (or portion thereof, as applicable) of an Affected

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 13.2(a).