Applicable Bankruptcy Case definition
Applicable Bankruptcy Case means the Bankruptcy Case or any other bankruptcy proceeding of any Person or entity which has a direct or indirect ownership interest in the Casino Land and/or the Traymore Land (including without limitation ACE Hi or ACE Lo).
Applicable Bankruptcy Case has the meaning set forth in Section 7.7 hereof. “Applicable Percentage” has the meaning set forth in Section 8.5(b) hereof. “Appraised Value With Carry” means, with respect to the withdrawal of the Interest of any Limited Partner other than the General Partner pursuant to Section 9.7, a price equal to the value of such Interest (inclusive of the effect of any potential Carried Interest payments to the General Partner) determined on the assumption that the Investments were sold for their Fair Market Value For Appraised Value and the proceeds therefrom were distributed to the Partners in accordance with this Agreement after credit or debit, as the case may be, for the amount of the Partnership’s other assets and liabilities determined in accordance with generally accepted accounting principles.
Examples of Applicable Bankruptcy Case in a sentence
In addition to the foregoing, the obligation of the Subscriber to make Drawdown Purchases shall, to the fullest extent permitted by applicable law, survive any dissolution of the Company whether such dissolution may result from any Applicable Bankruptcy Case, from an event of default under the terms of the indebtedness of the Company or otherwise and shall be fully enforceable against the Subscriber notwithstanding such dissolution until such obligation shall have been repaid in full.
Landlord shall maintain the Common Area and keep it clean and free of snow and ice.