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: 5.1.3.1. A distribution of any assets, in cash or in any other form (if the latter, to be measured by the fair market value of the non-cash distribution), by the Corporation to its shareholders in respect of the stock of the Corporation; 5.1.3.2. The receipt of proceeds of the sale of all of the stock of the Corporation or the proceeds of any transfer of all of the ownership interest in the stock of the Corporation, whether in cash or in kind (if the latter, to be measured by the fair market value of the non-cash proceeds); 5.1.3.3. The receipt of proceeds of the sale by the partners of Rose Partners, L.P. of all of their partnership interests, whether in cash or in kind (if the latter, to be measured by the fair market value of the non-cash proceeds); 5.1.3.4. A distribution of any assets, in cash or in any other form (if the latter, to be measured by the fair market value of the non-cash distribution), by Las Plumas to its partners in respect of their Las Plumas partnership interests; 5.1.3.5. The receipt of proceeds of the sale by the partners of Las Plumas of 100% of the partnership interests therein, whether in cash or in kind (if the latter, to be measured by the fair market value of the non-cash proceeds);

Recognition Event has the meaning set forth in Section 10.13.A hereof.

Examples of Recognition Event in a sentence

Up to $2,000 may be used for registration, housing, travel, and subsistence expenses related to attendance at the Annual Grantee Recognition Event.
If funds are needed for ▇▇▇▇▇▇▇’s travel to the Annual Grantee Recognition Event, Grant Funds may be used to reimburse Institution for any advance provided to Grantee for travel.
Salary and benefit expenses of any individuals other than Grantee, tuition, travel (other than to the Annual Grantee Recognition Event as noted in Section II), laboratory supplies, professional membership dues, and any other research-related expenses are not allowable expenses.
FIS shall complete a root-cause analysis within fifteen (15) calendar days of the Failure Recognition Event.
Once annually an Employee Appreciation and Recognition Event will be held for the employees of the Clermont County Board of DD.
Grantee must attend the Annual Grantee Recognition Event to formally accept the grant.
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.
Subtenant agrees that, if the Prime Lease is terminated and the same does not constitute a Recognition Event, then the Sublease shall be deemed to have been automatically terminated concurrently with the termination of the Prime Lease.
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.

More Definitions of Recognition Event

Recognition Event shall have the meaning set forth in Section 3(a).

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.

Recognition Event means any of the following: