Affected Interests definition

Affected Interests means Equity Securities that are owned or controlled directly or indirectly by an Unsuitable Person or an Affiliate of an Unsuitable Person.

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Affected Interests has the meaning specified in Section 2.14.

Affected Interests means any of the following: (i) all or any portion of a Member's Financial Rights Transferred (including proposed or attempted Transfers) by any Person in violation of this Agreement; (ii) a Member's entire Membership Interest in the event of either (A) a Transfer (including a proposed or attempted Transfer) by any Person of all or any portion of the Member's Governance Rights in violation of this Agreement; or (B) a termination of the Member's membership in the Company, unless a dissolution of the Company occurs in connection with such termination; or (iii) a Member's entire Membership Interest in the event such Interest becomes subject to the right of the Company or any other Member to purchase such Interest under this Article 13 for any other reason.

Examples of Affected Interests in a sentence

• The Affected Member shall surrender any certificates representing the Affected Interests to be redeemed in accordance with the requirements of the Redemption Notice.

• A Bank shall not be required to sell its Affected Interests pursuant to this paragraph if, prior thereto, as a result of a waiver by such Bank or otherwise, the circumstances entitling the Borrower to require such sale cease to apply.

• If the Gaming Authority or the Managing Member making the determination of unsuitability requires or deems it reasonably necessary or advisable to redeem the Affected Interests, the Managing Member shall give a Redemption Notice to the Affected Member and shall thereafter proceed to purchase the Affected Interests on the Redemption Date for the Redemption Price, subject to any approvals, conditions or limitations under applicable Gaming Laws.

• The CPAs and Appraisers shall jointly determine the fair market value of the Affected Interest, with the Appraisers determining the fair market value of all real estate and the CPAs determining the Affected Interest's share of the net value of the Company's liabilities and Property, excluding any goodwill, using the Appraisers' valuation for all real estate.

• The Affected Equityholder shall surrender any certificates representing the Affected Interests to be redeemed in accordance with the requirements of the Redemption Notice.

• For purposes of this Section 17.10.1, a "proportionate share" shall mean the percentage equal to the number of Units of Membership Interest that are Affected Interests divided by the total number of Units of Membership Interest held by the Transferring Holder.

• The CPA's and Appraisers shall jointly determine the fair market value of the Affected Interest, with the Appraisers determining the fair market value of all real estate and the CPA's determining the Affected Interest's share of the net value of the Company's liabilities and assets, using the Appraisers' valuation for all real estate.

• As to any Affected Interests retained by Seller hereunder, following Closing if a preferential right to purchase is not consummated within the time frame specified in the preferential purchase right, or if the time frame for exercise of the preferential purchase right expires without exercise after the Closing, Seller shall promptly convey the Affected Interest to Buyer effective as of the Effective Time, and Buyer shall pay the Allocated Value thereof pursuant to the terms of this Agreement.

• If the Series B Member and Globe or the Change of Control Member, as applicable, agree on such valuation, then such agreed-upon amount shall be the Valuation Price of the Affected Interests for purposes of this Section 10.03.

• It is understood and agreed that the purchase of the Affected Interests shall in all cases be optional and not mandatory.

More Definitions of Affected Interests

Affected Interests is defined in Section 6(c).

Affected Interests has the meaning set forth in the Equityholders Agreement.

Affected Interests shall have the meaning set forth in Section 1.6(d) hereof.

Affected Interests means any of the following: (1) all or any portion of a Member's Financial Rights Transferred (including proposed or attempted Transfers) by any Person in violation of this Agreement;

Affected Interests has the meaning set forth in Section 17.1.1.

Affected Interests has the meaning set forth in Section 7.13(a).