Examples of Buyout Event in a sentence
No Lease Event of Default, Lease Indenture Event of Default, Event of Loss or Burdensome Buyout Event or event that with the passage of time or giving of notice or both would constitute a Lease Event of Default, Lease Indenture Event of Default, Event of Loss or Burdensome Buyout Event shall have occurred and be continuing.
To the Actual Knowledge of the Facility Lessee, no Burdensome Buyout Event has occurred or will occur upon the execution and delivery of the Operative Documents and the Facility Lessee does not have Actual Knowledge of any event that could reasonably be expected to result in a Burdensome Buyout Event.
No Burdensome Buyout Event has occurred or will occur upon the execution and delivery of the Operative Documents, and Xxxxx City does not have Actual Knowledge of any event that could reasonably be expected to result in a Burdensome Buyout Event.
In the event that there is more than one Remaining Member at the time a Buyout Event occurs, the Remaining Members shall be entitled to exercise the Buyout Option pro rata in accordance with their respective Percentage Interests.
Within 30 days of receipt of notice of a Buyout Event, the Remaining Member shall give written notice (the “Buyout Notice”) to the Departing Member of the Remaining Member’s desire to purchase the Departing Member’s LLC Interest.
To the Actual Knowledge of the Facility Lessee, no Burdensome Buyout Event has occurred under the Operative Documents or will occur upon the execution and delivery of the Operative Documents and the Facility Lessee does not have Actual Knowledge of any event that could reasonably be expected to result in a Burdensome Buyout Event.
Subsequent to such transfer, the Facility Lessee and the Owner Lessor may, without the consent of the Lease Indenture Trustee or the Pass Through Trustee, waive the Regulatory Event of Loss or Burdensome Buyout Event that gave rise to the right to purchase the Owner Participant’s Beneficial Interest or the membership interest in the Owner Participant, as the case may be, and the Facility Lease shall continue in full force and effect in accordance with its terms.
This Article 12 shall be of no further force or effect following a Permitted Common Equity Buyout Event.
In the case of a Regulatory Event of Loss or Burdensome Buyout Event under the Facility Lease, the Owner Participant (for purposes of this ARTICLE XV, the "SELLING PARTY") shall have the right, but shall be under no obligation, to sell the Lessor Membership Interest, in which event the Facility Lease (and the Lessor Notes) shall remain in place (a "SPECIAL LESSEE TRANSFER").
The purchase price (the “Buyout Price”) for a Membership Interest being purchased pursuant to this Section 9.11 shall be (x) the fair market value of such Membership Interest as to which a Buyout Event specified in Section 9.11(a)(i), Section 9.11(a)(ii), 9.11(a)(iii) or 9.11(a)(iv) has occurred, or (y) fifty percent (50%) of the fair market value of such Membership Interest as to which the Buyout Event specified in Section 9.11(a)(v) (the “Related Person Buyout Event”) has occurred.