Capital Transaction. An Interim Capital Transaction or a Terminating Capital Transaction.
Capital Transaction. Capital Transaction shall mean the sale or refinancing of Company Assets.
Capital Transaction. Capital Transaction shall mean the refinance, sale, condemnation, exchange or casualty not followed by reconstruction, or other disposition, whether by foreclosure or otherwise, of Company Assets or the assets of a Subsidiary of the Company, or any part thereof owned by the Company or a Subsidiary of the Company. The Company’s Manager may, in its reasonable discretion, elect to use any or all cash derived from Capital Transactions for reinvestment.
Capital Transaction. “Capital Transaction” means (a) the refinancing of the Property; (b) the sale, exchange or other disposition of any material part of the Property or all or substantially all of the Property (including the condemnation of the Property); (c) the dissolution of the Company; or (d) any transaction not in the ordinary course of business which results in the Company’s receipt of cash or other consideration (other than Capital Contributions), including, without limitation, proceeds of sales, exchanges, or other dispositions of assets not in the ordinary course of business, condemnations, recoveries of damage awards, and insurance proceeds.
Capital Transaction. The term “Capital Transaction” means the sale, exchange or disposition of the Facility, the refinancing of the Facility or casualty damage to or condemnation of the Facility or any part thereof.
Capital Transaction. The sale, exchange or other disposition of all or any portion of the property of the Partnership other than in the ordinary course of business of the Partnership. Capital Transactions include the financing or refinancing of Partnership property which creates excess funds not needed for Operations and which funds, in the opinion of the General Partner, are available for distribution to the Partners.
Capital Transaction. 3 1.11 Certificate....................................................3 1.12 Code...........................................................3 1.13
Capital Transaction. After Closing, Purchaser hereby agrees that if at any time prior to the Noteholders being paid in full there is a Capital Transaction or Sale involving Purchaser, in either event in an amount in excess of Seven Million Five Hundred Thousand Dollars ($7,500,000.00), then the Noteholders shall immediately be paid in full pursuant to their applicable Promissory Notes. For purposes of this Section, the following terms have the
Capital Transaction. Buyer has sufficient capital to consummate the Purchase and to perform its other obligations under this Agreement and any other documents executed in connection herewith.
Capital Transaction. Capital Transaction"shall mean any transaction pursuant to, which (a) Palace borrows funds, (b) all or part of Palace's properties are sold, condemned, exchanged, abandoned or otherwise disposed of, (c) insurance proceeds or other damages are recovered by Palace, or (d) any other transaction that, in accordance with generally accepted accounting principles consistently applied, is considered capital in nature (including, without limitation, any transaction that is entered into in connection with, or results in, the Liquidation of Palace).
