Buyout Price definition

Buyout Price has the meaning set forth in Section 9.2(d).

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Buyout Price has the meaning set forth in Section 4.2(b)(ii).

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).

Examples of Buyout Price in a sentence

If the Members are not able to mutually agree on the Buyout Price after negotiating in good faith for such fifteen (15) day period, each Member shall, within fifteen (15) days thereafter, appoint a Qualified Appraiser.
If either Member fails to appoint a Qualified Appraiser within such fifteen (15) day period, the Buyout Price determined by the sole Qualified Appraiser timely appointed by the appointing Member shall be binding upon the Members.
Except with respect to a sale of the Company Assets, at the closing of any sale to the Buying Member pursuant to a ROFO Acceptance Notice, the adjustments set forth in clauses (A) through (C) of Section 4.2(b)(ii) shall be made to the Proposed Value and the Buyout Price, as applicable, to arrive at the final Buyout Price payable to the Selling Member pursuant to this Section 4.3(c).
The Buyout Price payable in connection with a Bad Act Termination Event Buyout shall be determined in accordance with this Section 4.2(b).
For a period of at least fifteen (15) days after the delivery of such Bad Act Termination Event Notice, the Members shall negotiate in good faith to mutually agree on the Buyout Price.

More Definitions of Buyout Price

Buyout Price means, as of any date of determination, the amount of Distributions payable in respect of any Class B Unit necessary to achieve the Base Return with respect to such Class B Unit.

Buyout Price shall have the meaning set forth in Section 12.3(a) of this Agreement.

Buyout Price is defined in Section 9.11(c) of the Company LLC Agreement.

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. 1 means the fair value as of the date of withdrawal based

Buyout Price shall have the meaning set forth in Section 15.6(d).

Buyout Price. As defined in Section 10.03 hereof.