Acceptable Offer definition
Acceptable Offer means an offer or bid received for a Subject REO Referral that satisfies the applicable requirements to be accepted that are specified in the pricing methodology set forth in Exhibit 6 hereto, or otherwise approved by the applicable seller. -1- (b) “Acquisition Date” means, with respect to a Covered Portfolio, the date on which New Residential acquires the MSRs related to such Covered Portfolio, including the right to sell the related REO Properties that previously secured loans in such Covered Portfolio. (c) “Adverse Action” means any regulatory or criminal investigation, regulatory enforcement action, consent order or other adversarial proceeding (including civil litigation from non-regulatory entities), sanction, fee, fine, penalty, judgment, other liability; excluding, however, any such regulatory investigations, sanctions, fees, fines, penalties, judgments or other liabilities arising out of or relating to claims that are of de minimis effect to the applicable entity. (d) “Affected Properties” has the meaning set forth in Section 3(f)(iv) hereof. (e) “Affiliate” means, with respect to an entity, another entity that, directly or indirectly, is in Control of, is Controlled by or is under common Control with such entity, provided however, with respect to New Residential, “Affiliate” means any entity that is directly or indirectly Controlled by New Residential Investment Corp. (f) “Agreement” has the meaning set forth in the preamble. (g) “Altisource” means Altisource Solutions S.à. ▇.▇., a Luxembourg société à responsabilité limitée, a private limited liability company. (h) “Altisource Affiliated Escrow Agent” means an escrow agent that is RHSS, Altisource, or an Altisource Affiliate. (i) “Applicable Law” means, at a given time, all federal, state and local laws, orders, ordinances, governmental rules and regulations and court orders in effect at such time. (j) “Auction Cycle” means the active marketing of an REO Property for sale as part of an active time limit bidding (auction) cycle, which shall not be longer than seven days from the commencement of the auction. (k) “Cash Threshold” has the meaning set forth in Section 19(a)(xi) hereto. (l) “Change of Control” means:
Acceptable Offer means an executed written offer for an Acquisition Proposal received by the Company in accordance with Section 6.1 hereof (i) in which the offeror demonstrates proof of its financial capability and authority to consummate the transactions contemplated by such offer (including without limitation the payments required by Section 9.1(b) hereof); and (ii) which provides for (x) net cash proceeds to the Company or all of its shareholders (in addition to amounts paid pursuant to clause (i) above) in an amount greater than that provided for hereunder, at a per Share purchase price greater than that contained herein (or, in the event such amount has been increased by Parent hereunder, such greater amount) or (y) the issuance of publicly traded stock as the consideration payable to the Company or all of its shareholders (in addition to amounts paid pursuant to clause (i) above) which has an established market value in excess of the per Share purchase price contained herein (or, in the event such amount has been increased by Parent hereunder, such greater amount).
Acceptable Offer means an unsolicited bona fide executed written offer for an Acquisition Proposal received by the Company in accordance with Section 4.2 hereof; provided, that (i) concurrently with the receipt by the Company of such offer, the offeror demonstrates proof of its financial capability and authority to consummate the transactions contemplated by such offer (including without limitation the payment required by Section 4.2(e)(ii) below); (ii) unless Parent has exercised the Right of First Refusal, the offeror or the Company shall on the tenth calendar day following delivery to Parent of the Intent Notice, pay to Parent, in immediately available funds, the Fee (as defined in Section 7.3(b)); and (iii) such offer provides for net cash proceeds to the Company or to each shareholder (in addition to amounts paid pursuant to clause (ii) above) in an amount greater than that provided for hereunder (or, in the event such amount has been increased pursuant to the exercise by Parent of its Right of First Refusal, such greater amount).
Examples of Acceptable Offer in a sentence
If Tenant fails to respond within the time period or gives notice that it has chosen not to elect to purchase, then Landlord shall have the right to accept the Acceptable Offer and complete the sale.
Landlord hereby grants Tenant a right of first refusal (“First Refusal Right”) to purchase the Leased Premises in the event Landlord receives an offer to purchase that Landlord is willing to accept (“Acceptable Offer”) upon the same terms and conditions set forth in the Acceptable Offer.
In the event Landlord receives an Acceptable Offer it shall send a copy of the offer to Tenant and Tenant shall have 14 days after receipt of the offer to elect to purchase the Leased Premises upon the same terms and conditions.
An agreement of purchase and sale that is conditional on the Purchaser not exercising this Right of First Refusal shall be deemed to be an Acceptable Offer.
An Acceptable Offer shall provide that the purchase price thereunder shall be payable in cash or a combination of cash and mortgage back.
More Definitions of Acceptable Offer
Acceptable Offer the meaning specified in Section 1.1(b)(iv).
Acceptable Offer means an offer or bid received for a Subject REO Referral that satisfies the applicable requirements to be accepted that are specified in the pricing methodology set forth in Exhibit 6 hereto, or otherwise approved by the applicable seller.
Acceptable Offer means an offer or bid received for a Subject REO Referral that satisfies the applicable requirements to be accepted that are specified in the pricing methodology set forth in E xhibit 6 hereto, or otherwise approved by the applicable seller.
Acceptable Offer as used in this paragraph means an offer acceptable to Greater Dubuque, in its sole and absolute discretion. In the event DRA exercises its option to purchase or lease under the terms of this paragraph 7, closing of the purchase or lease shall occur as soon as possible and by no later than 90 days following exercise of DRA's option unless a delay is caused by title problems which are corrected within a reasonable period of time. If DRA fails to exercise its option to purchase or lease within the 90-day period referred to above, then Greater Dubuque shall be free to proceed with the proposed sale or lease to a third party upon the terms set forth in the acceptable offer. Pursuant to Article 19 of the lease agreement between Greater Dubuque and Dubuque Community Investment Co., L.C., for the building, Greater Dubuque has a right of first refusal to purchase the building should Dubuque Community Investment Co., L.C., desire to sell the building to a third party that does not agree to operate the building subject to the terms and conditions of the Operating Agreement. Greater Dubuque hereby agrees to exercise said right of first refusal should Dubuque Community Investment Co., L.C., receive an acceptable offer to purchase the building from a third party that does not agree to operate the building subject to the terms and conditions of the operating Agreement. Both parties acknowledge that any sale or assignment of lease made pursuant to this paragraph may be subject to the approval of the Iowa Racing and Gaming Commission. In the event Greater Dubuque sells (subject to the foregoing conditions and restrictions) the excursion gambling boat or any of its furnishings and equipment, whether during the term of the Operating Agreement or thereafter, it is agreed that any proceeds of sale shall first be applied to pay any and all obligations owing by Greater Dubuque to DRA, whether or not referred to in the Operating Agreement. Such obligations shall include, but not be limited to, any amounts owing to DRA under paragraph 4 of the Operating Agreement for any preceding period and for any unexpired term of the Operating Agreement or for any unexpired term of any renewal period. All such obligations owing by Greater Dubuque to DRA shall be paid from said proceeds of sale prior to the making of any distributions, loans or payments to investors or members of Greater Dubuque and also prior to the repayment by Greater Dubuque of any loans or other obligations owing to any i...
Acceptable Offer has the meaning set forth in Section 7.09(b) hereof.
Acceptable Offer means an offer to take an assignment of the rights and obligations of the Lender under the terms of this Agreement and the other Finance Documents for a wholly cash consideration in Sterling (or in United States dollars at an exchange rate of (pound)1.00 to $1.71233) at least thereon, and (iii) all other amounts due under the Finance Documents, pursuant to the terms of which offer (i) the assignment of the Loan must be consummated, and (ii) the payment of the consideration for such assignment must be made in immediately available funds either to the Azurix Europe Indebtedness Proceeds Account (Sterling) (as defined in the Indenture), if paid in Sterling, or to the Azurix Europe Indebtedness Proceeds Account (as defined in the Indenture), if paid in United States dollars, all within one (1) Business Day after the offer is made.
Acceptable Offer means a Superior Proposal (as defined in the Arrangement Agreement) providing for a per Company Common Share value, at the date the Superior Proposal is made, in excess of U.S. $1.38.