Buyout Price definition

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 9.11(c) of the Company LLC Agreement.

Examples of Buyout Price in a sentence

• Rental Rate: $45.25 per month Rental Term: 180 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: $3,560 Buyout Price after Closing: $4,500 HST will be charged on all the amounts noted above.

• Upon the Third Party Purchaser’s tender of payment to a Holder of the Holder’s allocable portion of the Buyout Price, the Holder shall be required to Transfer the Holder’s Membership Interests to the Third Party Purchaser.

• If Owner accepts Developer’s offer in writing within fifteen (15) days, Owner and Developer shall thereafter as promptly as reasonably possible take all steps necessary to transfer ownership of Owner’s Solar Panels to Developer with effect in either June or December, and upon such transfer Developer shall pay to Owner the Buyout Price.

• If the Third Party Purchaser purchases less than all of the Membership Interests, the Buyout Price shall be adjusted accordingly and the Third Party Purchaser shall purchase Membership Interests from the Holders pro rata based on relative Percentage Interests, but the amount received by each Holder shall still be equal to the amount the Holder would have received if the Company transferred all of its assets and liabilities to a third party in exchange for the Buyout Price.

• The Holder shall be entitled to the same terms and conditions as Majority Member, including the Holder’s allocable portion of the Buyout Price (treating the Membership Interests of any Holder that does not give Majority Member Tag-Along Notification as if the Membership Interests were not issued or outstanding).

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 will have the meaning attributed to it in Section 5.2.

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

Buyout Price has the meaning set out in Section 3.19(a); “Buyout Right” has the meaning set out in Section 3.19(a);

Buyout Price means the amount determined to be the Fair Market Value of the applicable Generating Facility, as determined by the appraisal process described in Article 2.2.