Distribution Resolution definition
Distribution Resolution means the special resolutions of the shareholders to approve the Distribution, as required by the Interim Order and the BCBCA and which shall be in, or substantially in, the form set out at Appendix “C”.
Distribution Resolution means one or more resolutions adopted by ELRH simultaneously with the execution hereof, in the form of Exhibit B attached hereto, providing for (a) the distribution by ELRH and its Affiliates of certain OP Units received pursuant to the Contribution Agreements and the Prior Transactions to its members, ENA and JLCO; (b) the satisfaction, transfer or release of all known liabilities of ENA and all of its Subsidiaries, including but not limited to ELRH; and (c) the distribution or assignment by ELRH and its Affiliates of any rights it or they may have to receive additional OP Units after Closing to Persons other than ENA and its subsidiaries.
Examples of Distribution Resolution in a sentence
ELRH, ENA and JLCO each agree to effect the transactions described in the Distribution Resolution as soon as practicable after the date of the closing of the contribution of the last Property to LATA OP, currently anticipated to be the Property known as Bella Vista.
Simultaneously with the execution hereof, ELRH has adopted the Distribution Resolution.