Recognition Event definition

Recognition Event. A distribution of any assets, whether in cash or in any other form, by the Corporation to the Partnership in respect of the stock owned by the Partnership, or the realization by the Partnership of any amount upon the sale or transfer of its ownership interest in the stock of the Corporation.
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Recognition Event means any of the following:
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Recognition Event means:
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Examples of Recognition Event in a sentence

  • At the time of the Deferral Recognition Event an investor may have a zero or very low basis in its Shares in the Company, and thus realize a substantial amount of taxable income without a corresponding distribution from the Company to pay any taxes due.

  • FIS shall complete a root-cause analysis within fifteen (15) calendar days of the Failure Recognition Event.

  • Notwithstanding the foregoing, Section 24 (Expansion) of the Sublease will not be made a part of any direct contract between Master Landlord and Subtenant and, except to the extent such expansion right is exercised prior to a Recognition Event, Master Landlord will not recognize the expansion right in connection with this Section 3.

  • In addition, in the event of a Recognition Event, Subtenant will not be obligated to pay any Security Deposit to Master Landlord unless and until the Security Deposit held by Sublandlord pursuant to the Sublease is returned to Subtenant as required by the Sublease, and in no event will Section 5(g)(ii) of the Sublease apply to Master Landlord (whether or not it receives a Security Deposit in connection with a Recognition Event).

  • Within thirty (30) days following the Expiration Date or any earlier termination of the Sublease (including by reason of a Recognition Event, as defined in the Master Landlord Consent), the Security Deposit or any balance thereof, if any (after application of any amount owed by reason of a default by Subtenant hereunder) shall be returned to Subtenant.

  • Xxxxxxx and Interwoven, from ---------------------------------------- the date of a Recognition Event, shall have the same rights that can be enforced against each other as Ariba and Interwoven have that can be enforced against each other under the Sublease.

  • Table of Contents Investment in the Company may lead to the recognition of phantom income by stockholders.Under Subchapter Z, qualified stockholders may elect to defer certain capital gains until the Deferral Recognition Event (as defined below), at which point the taxpayer will recognize an amount equal to the Deferral Recognition Amount (defined below).

  • In the event of a Recognition Event with respect to any Protected Party, the Partnership shall use commercially reasonable efforts to promptly notify each such Protected Party in writing of such breach, which requirement may be satisfied by delivery of notice to each applicable Wilmorite Limited Partner, including with such notification an estimate of the amount and character of any income or gain to be recognized by such Protected Party and the Gross-Up Amount with respect to such Protected Party.

  • In the event the Master Lease is terminated for any reason other than a Recognition Event, then, on the date of such termination, subject to Master Landlord's written agreement to the contrary, this Sublease automatically shall terminate and be of no further force or effect, and the parties hereto shall be relieved of any liability thereafter accruing, except for liabilities of that parties that by the terms of this Sublease shall survive expiration or earlier termination.

  • Notwithstanding the foregoing, the rejection by Moffett of the Master Lease in a bankruptcy proceeding (whether or nxx xxxxed a termination of the Master Lease) shall not constitute a Recognition Event.


More Definitions of Recognition Event

Recognition Event shall have the meaning set forth in Section 3(a).
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Recognition Event has the meaning set forth in Section 10.13.A hereof.
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Recognition Event. ‌ A “Recognition Event” shall mean the occurrence of an event that converts non liquid assets into liquid assets and includes, but is not limited to: (i) a sale of the Private Investment, (ii) an exchange of the Private Investment for an investment that is not a Private Investment, (iii) any in-kind distribution of the Private Investment to the Members, or (iv) when a market quote becomes readily available or some other event occurs where quotations are available individually.
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Related to Recognition Event

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Exclusion Event means an event or related events resulting in the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Programs.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(iii) of this Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).