Capital Events definition

Capital Events means an Approved Sale or sale, exchange, condemnation (or similar eminent domain taking or disposition outside the ordinary course of business in lieu thereof), destruction by casualty, or other disposition, or financing or refinancing of all or any portion of any of the Properties or any interests in any Subsidiary. Without limiting the generality of the foregoing, Capital Event shall include any transaction with respect to a Permitted Sale Property in which gain or loss is recognized for federal income tax purposes as determined by Tax Decision.

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Capital Events means the following events:

Capital Events means any capital reorganization, -------------- recapitalization or any reclassification of the stock of the Corporation (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a stock dividend or subdivision, split-up or combination of shares), or the consolidation or merger of the Corporation with or into another person (other than a consolidation or merger in which the Corporation is the continuing corporation and which does not result in any change in the Common Stock), or the sale or other disposition of all or substantially all of the properties and assets of the Corporation to any person or third party.

Examples of Capital Events in a sentence

The provisions of this ARTICLE VI shall apply to successive Capital Events.
Distributable Cash from Capital Events shall be distributed to the Members in proportion to their relative Capital Account balances after giving effect to Sections 4.4(b), 4.4(c), 4.4(e), 4.5 and 4.6.
Subject to Section 5.4, Income from Operations and Losses from Operations and Income and Gain from Dispositions and Losses from Dispositions shall be allocated to the Members in accordance with their LLC Percentage Interests; provided, however, gains from Interim Capital Events shall be allocated to the Member requesting such Interim Capital Event.
In the event of dissolution, the remaining Projects shall immediately be marketed for Sale by the Company pursuant to Section 9.2. The Net Proceeds from Capital Events related to such Sales shall be distributable to the Members pursuant to Section 7.4(c).
Subject to the provisions of Article III of Appendix A, all items of Book income, gain, loss or deduction included in Book Income or Loss From Operations and Book Income or Loss From Capital Events shall be allocated among the Members so as to make the Partially Adjusted Capital Account of each Member equal to such Member’s Target Balance, to the extent possible.

More Definitions of Capital Events

Capital Events means the Sale or Refinancing of all or a part of a Project or casualty damage to or condemnation of all or a part of a Project.

Capital Events shall have a meaning correlative to the foregoing; provided, that the granting of an easement that benefits any Mortgaged Property shall not constitute a Capital Event for purposes of this Agreement.

Capital Events as used in this Agreement shall mean any capital event or capital events (including financings, refinancings or sales or joint ventures of assets) closed by the Company or any of its affiliates which results individually or in the aggregate in the Company or its affiliates receiving Net Proceeds from such capital event. The term "Net Proceeds" as used in this Agreement shall mean the gross proceeds from any such Capital Event minus the costs and any repayment of debt relating specifically to, and encumbering the asset or assets involved in, such Capital Event. The term "Diminution Event" as used in this Agreement shall mean any material diminution in (1) the rights, benefits (other than changes applying to employees generally), duties and/or responsibilities of Grantee (including a change of title below Co-President and Chief Investment Officer) or (2) the compensation package for Grantee. Any other initially capitalized terms used in this Agreement which are not defined herein and which are defined in that certain Employment Agreement dated as of September 1, 2000 between Grantee and the Company (the "Employment Agreement") shall have the same meaning as given in such Employment Agreement.

Capital Events shall refer to the refinancing of one or more of the Company’s properties and subsidiary companies, in part or in full.

Capital Events has the meaning given to such term in Section 2.10(h).

Capital Events means any sale, exchange or other disposition or refinancing of all or any material portion of the Company’s assets (or any assets of any directly or indirectly subsidiary entity which is controlled by the Company and through which any portion of the Business of the Company is conducted from time to time).

Capital Events means to engage in one or more courses of conduct which will, in a manner consistent with the provisions of this Agreement, cause sufficient new capital to be paid into the Borrower to cause the indebtedness evidenced by the Notes to be repaid in full by August 31, 2001.