Carry Period definition

Carry Period means, with respect to each Collateral Debt Security, the period commencing on (and including) the settlement date on which MLI acquired such Collateral Debt Security and ending on (and excluding) the date on which such Collateral Debt Security is sold or liquidated by MLI in accordance with Section 4 or 5.

Carry Period means, with respect to any Collateral Debt Security at any time constituting part of the Warehouse Portfolio, the period commencing on (and including) the settlement date for the purchase of such Collateral Debt Security and ending on (and excluding) the earlier of (a) if the Closing Date occurs on or prior to the Target Date, the Closing Date and (b) the settlement date for the sale or other liquidation of such Collateral Debt Security (or, if applicable, the date on which the Market Value of such Collateral Debt Security is determined pursuant to clause (b) or (c) of the definition of “Market Value”) in connection with a Realization Event. The Carry Period with respect to any Contributed Capital Asset shall mean the period commencing on (and including) the date on which such Contributed Capital Asset is contributed to the Borrower and ending on (and excluding) the earlier of (a) if the Closing Date occurs on or prior to the Target Date, the Closing Date and (b) the settlement date for the sale or other liquidation or disposition of such Contributed Capital Asset.

Carry Period means the period beginning on the Closing Date and ending at the Carry Termination Event.

Examples of Carry Period in a sentence

• Following the Free Carry Period, IMC must either elect to sell its 30% interest to African Star at a purchase price determined by an independent valuator commissioned by African Star or fund its 30% share of the exploration and operating expenses.

• Following the Free Carry Period, IMC must either elect to sell its 30% interest to African Star at a purchase price determined by an independent valuer commissioned by African Star or fund its 30% share of the exploration and operating expenses.

• Except as permitted by Section 11.2 of the Purchase Agreement, for the purpose of maintaining uniformity of ownership in the AMI as among the Parties, from and after the expiration of the Drilling Carry Period, no Party shall Transfer any portion of its Joint Interests unless such Transfer covers the entirety of such Party’s Joint Interests, or an undivided percentage of such Party’s Joint Interests.

• After the Drilling Carry Period, in making any such encumbrance, the party providing financing to Atlas or any of its Affiliates shall not be required to comply with the provisions of Article VII of this Agreement, but shall otherwise be required to include provisions substantially similar to the provisions set forth in Section 13.19(b) of this Agreement.

• Prior to the acquisition of any Capital Security, each of Bear Xxxxxxx and Taberna shall be satisfied in its sole discretion that the risk of depreciation in market value of such Taberna by reason of an increase in interest rates during the Carry Period for such Capital Security is hedged pursuant to one or more interest rate protection arrangements entered into by Bear Xxxxxxx that are satisfactory in form and substance to each of the parties hereto (each, a “Hedge Agreement”).

More Definitions of Carry Period

Carry Period is the Effective Date of this Agreement through the date that the Seller Costs attributable to the Seller Reserved Interest total twenty-million dollars ($20,000,000.00) (the “Carry Amount”). “Seller Costs” are all capital costs, including costs relating to project exploration, appraisal, development, of drilling, completing, and equipping any and all xxxxx to the extent that such costs are chargeable to or payable by Seller under the Joint Operating Agreement attached hereto as Exhibit “B,” naming Buyer as the Operator (the “JOA”). Monthly lease operating expenses (including without limitation rental payments, lease maintenance payments and title curative expenses and payments) (“XXX”) shall not be considered Seller Costs and shall be accounted as per Exhibit “C” attached to the JOA. During the Carry Period, XXX shall be netted against revenue. In the event that there is not sufficient revenue to cover XXX during a particular month, then during the Carry Period, any negative XXX will be carried forward to the next operating month and offset against future net revenue until the cumulative negative XXX is fully offset. Buyer has the option to apply a portion or all of the negative XXX to the outstanding Carry Amount. Following expiration of the Carry Period, Seller shall be liable for all costs and expenses under the JOA attributable to its working interests.

Carry Period means, with respect to each Capital Security, the period commencing on (and including) the settlement date on which Bear Xxxxxxx acquired such Capital Security and ending on (and excluding) the date on which such Capital Security is sold or liquidated by Bear Xxxxxxx in accordance with Section 4 or 5 below.

Carry Period means, with respect to any Participation, the period commencing on (and including) the settlement date on which Xxxxxxx Xxxxx purchases such Participation and ending on (and excluding) (a) if such Participation is sold to the Issuer on the Closing Date, the Closing Date and (b) otherwise, the occurrence of any Realization Event with respect to such Participation.

Carry Period has the meaning set forth in Section 4.2.

Carry Period means, with respect to any Collateral Debt Security constituting part of the Warehouse Portfolio, the period commencing on (and including) the settlement date on which MLI purchases such Collateral Debt Security hereunder and ending on (and excluding)

Carry Period means from December 1, 2024 to December 1, 2025;

Carry Period means, with respect to any Collateral Debt Obligation at any time constituting part of the Warehouse Portfolio, the period commencing on (and including) the settlement date for the purchase of such Collateral Debt Obligation and ending on (and excluding) the earlier of (a) if the Closing Date occurs on or prior to the Target Date, the Closing Date and (b) the settlement date for the sale or other liquidation of such Collateral Debt Obligation (or, if applicable, the date on which the Market Value of such Collateral Debt Obligation is determined pursuant to clause (b) of the definition of “Market Value”) in connection with a Realization Event.