Examples of Alternative Transaction Structure in a sentence
Unless the Alternative Transaction Structure is agreed to by the Parties pursuant to Section 2.9, on the terms and subject to the conditions set forth in this Agreement, the Existing RMT Partner Charter shall be amended and restated to read in its entirety as set forth on Exhibit D (the “Amended RMT Partner Charter” and, such amendment and restatement, the “RMT Partner Charter Amendment”).
For avoidance of doubt, the parties hereto acknowledge and agree that (i) the purchase and sale of the Xxx Xxxxxx Parent common stock pursuant to the Alternative Transaction Structure is intended to constitute a taxable sale of such stock by Seller for U.S. federal income tax purposes and (ii) no election under Section 338 of the Code (including Section 338(h)(10) of the Code) shall be made with respect to such sale.
This Section 4.22 shall not be applicable if Seller has made an Alternative Transaction Structure Election pursuant to Section 7.11.
In the event of an Alternative Transaction Structure Election by Seller, the parties agree to enter into an amendment to this Agreement to implement such Alternative Transaction Structure; provided that such amendment shall not otherwise alter or affect the rights and obligations of the parties hereto.
Similarly, in connection with the Alternative Transaction Structure, Jupiter shall not be required to incur material risk or exposure (such as tax risk) greater than currently contemplated in the Agreement.
Without limitation, the Alternative Transaction Structure may require Jupiter to purchase the Property by assuming the Assumed Project Financing, delivering a promissory note to Post in an amount approximately equal to the liquidation value of the Preferred Units, and paying cash to Post for the balance of the Property Value.
Seller and Acquiror shall each pay, and be responsible for, 50% of all Transfer Taxes up to an aggregate amount of $4 million, and Seller shall pay, and be responsible for, all Transfer Taxes in excess of $4 million; provided, that any additional Transfer Taxes arising solely as a result of the implementation of an Alternative Transaction Structure shall be borne by the Party that requested the implementation of such Alternative Transaction Structure pursuant to Section 9.05.
The parties agree and acknowledge that the recitals of Exhibits A, D and F of the Original Agreement shall be modified as appropriate, in a manner consistent with this Amendment, to reflect the Alternative Transaction Structure.
Annex 3 Alternative Transaction Structure Initial Investors GS/Whitehall: $420 million (95%) (including additional investors selected by GS/Whitehall Tishman Speyer: $20 million (5%) Total Equity: $440 million Capitalization (in millions) New Financing(a) $ 430 Zeros 360 14% 75 ------- Total Debt 865 Equity 440 ------- Total $1,305 ------- -------------- (a) If new financing is not available on favorable terms, certain existing financing would remain in place.
As collateral for such promissory note, the Alternative Transaction Structure may require Jupiter to deliver to Post a letter of credit in the amount of the note.