Forced Sale definition

Forced Sale means a sales Transaction processed without an approved electronic Authorization number being obtained for the full amount of the sales Transaction at the time the Transaction is processed.

Forced Sale has the meaning assigned to such term in the recitals to this Agreement.

Forced Sale has the meaning set forth in Section 11.4(a).

Examples of Forced Sale in a sentence

• Upon an Event of Default, the Forced Sale Rights may be exercised by the Trustee providing written notice of exercise at any time during the term of this Agreement to the Affiliate and the Issuer.

• If the term of this Agreement is extended beyond such initial one (1) year term as provided in Section 3(a) hereof, the Forced Sale Value of the Interests shall be determined annually by an independent third-party appraiser selected by the Issuer.

• THE FOREGOING IN THIS SECTION 13.B SHALL BE EFFECTIVE EVEN IF A PARTY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR SUCH DAMAGES ARE OTHERWISE FORESEEABLE, REGARDLESS OF THE LEGAL OR EQUITABLE THEORY (CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE) UPON WHICH THE CLAIM IS BASED, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.

• Upon receipt of the written notice of exercise of the Forced Sale Rights, the Affiliate shall deliver to the Trustee all required signatures and documentation requested.

• Further, thereafter, the Initiator shall (x) cease to have any rights to initiate a Buy-Sell pursuant to Section 9.1, (y) not under any circumstances be entitled to make a ROFO Election or ROFR Election and (z) cease to have any rights to initiate a Forced Sale pursuant to Section 9.2(a).

More Definitions of Forced Sale

Forced Sale shall have the meaning set forth in Section 11.2(a) of this Agreement. 1.50

Forced Sale shall have the meaning specified in Section 13.01.

Forced Sale is defined in Section 11.5.

Forced Sale is defined in Section 6.7.2.

Forced Sale means Payment Card Processing without an approved electronic authorization number being obtained for the full amount of the sales transaction at the time of processing.

Forced Sale means a sale of a parcel with unused development rights in a manner prescribed by law that is conducted under a judgment, order or the supervision of a court of competent jurisdiction, other than a sale arising from a partition action; a sale resulting from foreclosure under the laws of the Commonwealth of Virginia; or, a sale that is not the voluntary act of the owner but is compelled in order to satisfy a debt evidenced by a mortgage, judgment, or a tax lien.

Forced Sale means any Transfer of Specified Equity Securities held by any Stockholder (other than a Class B Permitted Holder) pursuant to Section 4 if, upon the consummation thereof, the Company shall continue to be a Xxxxxxxx Controlled Company.