Buyout Price has the meaning set forth in Section 9.2(d).
Buyout Price shall be determined by calculating the amount that would be distributed to the Electing Member if the Hotel were sold for the Actual Value determined as set forth above, the other assets of the Company (if any) were sold at their book values, and the proceeds were applied, paid or distributed to the Members as provided in Section 7.3 hereof, after payment in full of all indebtedness and liabilities of the Company (including without limitation any break-up or other fees payable to any bidder or to the Broker in connection with the Auction, any prepayment penalties with respect to outstanding indebtedness, a reasonable estimate of all transaction fees and transfer taxes that would have been payable if the Hotel were actually sold to a third party purchaser, and all asset management fees payable to the Asset Manager).
Buyout Price is defined in Section 9.6(c) of the Company LLC Agreement.
Examples of Buyout Price in a sentence
Below is a brief summary of Terms and Conditions of the Equipment Rental Agreement Rental Equipment Provider: Home Corp / Vista Rental Rate: $56.99 per month Rental Term: 120 months Allowable Increases in the Rental Rate: 3.5% annually Equipment Type: Power Vent 50 Gallon Energy Star Condensing Water Heater Buyout Price prior to Closing: $4,800 Buyout Price after Closing: $6,000 HST will be charged on all the amounts noted above.
More Definitions of Buyout Price
Buyout Price means an amount equal to the greater of (a) the amount equal to (i) the quotient of (1) sum of the Adjusted Group Revenue and the Adjusted Group EBITDA and (2) 2 minus (ii) the Net Indebtedness as of the date of termination of this Agreement and (b) the Group Net Asset Value.
Buyout Price shall have the meaning set forth in Section 12.3(a) of this Agreement.
Buyout Price. As defined in Section 10.03 hereof.
Buyout Price shall have the meaning set forth in Section 15.6(d).
Buyout Price will have the meaning attributed to it in Section 5.2.
Buyout Price. Section 16.3(b) “Certificate of Approval” Section 4.4(b) “Chairman” Section 9.2(b) “Change” Section 23.12
Buyout Price has the meaning set out in Section 3.19(a); “Buyout Right” has the meaning set out in Section 3.19(a);