Buyout Event definition

Buyout Event has the meaning set forth in Section 9.2(a).

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Buyout Event shall occur upon the earlier of (a) the occurrence of a second Blocking Event within a period of 24 consecutive months following the occurrence of a prior Blocking Event or (b) the occurrence of a third Blocking Event (regardless of the period of time between Blocking Events).

Buyout Event is defined in Section 9.11(a) of the Company LLC Agreement.

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.

• 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.

• No Burdensome Buyout Event has occurred or will occur upon the execution and delivery of the Operative Documents, and ▇▇▇▇▇ City 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.

• 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.

• 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").

• Unless this Lease is terminated pursuant to this Article XVI or Section 25.5 (Burdensome Buyout Event) in connection with a Taking, this Lease shall remain in effect, and the rights and obligations of Lessor and Lessee shall remain in effect without abatement.

More Definitions of Buyout Event

Buyout Event has the meaning assigned to such term in Section 11.7(c).

Buyout Event has the meaning assigned to it in Section 9.3(a).

Buyout Event means (a) the death of a Stockholder, (b) any event in which a Stockholder becomes a Bankrupt Stockholder or (c) the divorce or other termination of the marital relationship of a Stockholder or the death of a spouse of a Stockholder and, in connection therewith, such Stockholder does not succeed to, or otherwise acquire, such Securities of such spouse.

Buyout Event shall have the meaning set forth in Section 9.1 of this Agreement

Buyout Event has the meaning set forth in Section 9.1. Cash means U.S. dollars.

Buyout Event means any of (a) the termination of the Management Services Agreement, (b) the occurrence of an event contemplated under Section 14.01, (c) a change in control of the Partnership, being the occurrence of a consolidation, merger, amalgamation, arrangement or other reorganization or acquisition involving the Partnership and another limited partnership or other entity, as a result of which the holders of Class A Units prior to the completion of the transaction, hold less than 100% of the outstanding Class A of the successor limited partnership after completion of the transaction or (d) a change in control of the Class A Partner, being the occurrence of one of the following events: