Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction
Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction costs, (iii) the replacement of a general partner by a limited partner upon the occurrence of a default by a general partner in accordance with partnership agreement of the project owner, (iv) a transfer pursuant to a foreclosure or deed in lieu of foreclosure to a non-related party, (v) a “Subsequent Transfer” pursuant to Section 10320(b)(4)(B) hereof, (vi) a transfer of the ownership of a project subject to an existing tax credit regulatory agreement with a remaining term of five (5) or less years if the transfer is made in connection with a new reservation of 9% or 4% tax credits, or (vii)the sale of a project, or the sale or assignment of a partnership interest in a project owner, to an unrelated party for which the parties entered into a purchase agreement prior to October 9, 2015. Notwithstanding
Transfer Event means any of a merger or consolidation involving WCP, a sale or exchange of all or substantially all of the assets of WCP, an acquisition by another corporation or other entity of 80% or more of WCP's outstanding shares of voting stock or the liquidation or dissolution of WCP.
Examples of Transfer Event in a sentence
Upon the receipt of notice of or upon the determination by CLT of an occurrence of a Transfer Event, CLT shall send notice to Lessor of the Transfer Event (the “Option Notice”).
In the event that a) CLT receives the Intent to Sell Notice, or b) a Transfer Event occurs, CLT or Lessor, at theirits own cost and at theirits sole discretion, may utilize a process set forth in its guidelines adopted by CLT and amended from time to time to determine the current appraised value of the Residential Unit or may commission an appraisal by a duly licensed appraiser knowledgeable of housing and land prices in Teton County, Wyoming.
If CLT receives an Intent to Sell Notice or there is an occurrence of a Transfer Event, or b) a Default (as defined in Article XI) occurs, the Lessor shall have the First Option Right to either exercise its option to purchase the Residential Unit or to identify a purchaser to purchase the Residential Unit.
More Definitions of Transfer Event
Transfer Event shall have the meaning ascribed to it in Clause 15.1;
Transfer Event means an event where, after the Effective Date, the identity of the Supplier of the Services (or any part of the Services) changes, resulting in the transfer of all or part of the Services to a New Supplier; and
Transfer Event means any sale, transfer, assignment or disposition of the legal or beneficial title to a Class B Ordinary Share by the holder thereof or an Affiliate of such holder or the transfer or assignment of the voting rights attached to any Class B Ordinary Share to be cast under the direction of any person or entity that is not an Affiliate of such holder. For the avoidance of doubt, the creation of any pledge, charge, encumbrance or other third party right of whatever description on any of Class B Ordinary Shares to secure contractual or legal obligations shall not be deemed as a sale, transfer, assignment or disposition unless and until any such pledge, charge, encumbrance or other third-party right is enforced and results in the third party holding directly or indirectly the legal or beneficial title to a Class B Ordinary Share or voting power through voting proxy or otherwise to the related Class B Ordinary Shares, in which case all the related Class B Ordinary Shares shall be automatically converted into the same number of Class A Ordinary Shares.
Transfer Event means (i) any transfer, sale or other disposition of all or a portion of the Other Stock or (ii) any loan, borrowing or other financing secured or guaranteed by all or a portion of the Other Stock.
Transfer Event means the occurrence of a Relevant Transfer upon expiry or termination of this Agreement;
Transfer Event means the occurrence of any of the following events:
Transfer Event means the conveyance of any Collateral to Lender or another Person through a foreclosure (or deed in lieu), receivership, bankruptcy or other voluntary or involuntary Borrower action.