Approved Sale definition
Approved Sale has the meaning set forth in 2.1(d).
Approved Sale is a sale of the Artwork that is approved in writing in advance by a Special Committee, provided that such approval contains an affirmative representation by such Special Committee that such approval (i) is given freely without influence or direction by or from the Company, the Administrator or any of their respective affiliates (ii) that the members of the Special Committee have no direct or indirect financial interest in such sale transaction (other than an indirect financial interest due solely to ownership of securities in an affiliate of the Administrator representing less than 1% of the outstanding equity securities in such affiliate) and (iii) confirms that the Special Committee has determined that such sale is in the best interests of the shareholders unaffiliated with the Administrator.
Approved Sale has the meaning set forth in Section 9.2(a).
Examples of Approved Sale in a sentence
If any Common Members receiving the Tag Notice do not so notify the Board within 10 Business Days of receipt of the Tag Notice, such Common Member(s) will be deemed to have elected not to participate in the Approved Sale.
More Definitions of Approved Sale
Approved Sale has the meaning set forth in Section 2.5(c).
Approved Sale means a Sale of the Partnership which is approved by the Partners holding, collectively, more than 50% of the issued and outstanding Partnership Interests.
Approved Sale means a transaction or a series of related transactions ------------- which results in a change of economic beneficial ownership of Holdings or its business of greater than 50% (disregarding for this purpose any disparate voting rights attributable to the outstanding stock of Holdings), whether pursuant to the sale of the stock of Holdings, the sale of all or substantially all of the assets of Holdings, or a merger or consolidation; provided that a sale of stock by an Initial Stockholder to (i) another Initial Stockholder or Affiliate thereof, or (ii) a non-U.S. entity with respect to which an Initial Stockholder or Affiliate thereof has an administrative relationship shall be disregarded when determining if an Approved Sale has occurred.
Approved Sale has the meaning given to such term in Section 3(a) hereof.
Approved Sale means a transaction or a series of related sale transactions that result in a bona fide unaffiliated change of economic ---- ---- beneficial ownership of the Company (disregarding for this purpose any disparate voting rights attributable to the outstanding stock of the Company) whether pursuant to the sale of the stock of the Company, the sale of the assets of the Company, or a merger or consolidation involving the Company. However, an Approved Sale shall not include (i) an issuance by the Company of its own Stock, or (ii) a gift of the stock of the Company.
Approved Sale shall have the meaning set forth in Section 4(b).
Approved Sale shall have the meaning provided in Section 6(a).