Acquiesces definition

Acquiesces or "Acquiesced" means, with respect to any Person and any act or omission that may give rise to Guaranty Losses, and such Person having received (separately, simultaneously and with particularity) written notice from the Person causing such action to be taken or omitted and specifically describing such act or omission, such Person responding with a written statement within five (5) Business Days of its receipt of such notice affirmatively stating that such Person does not object to such noticed acts or omissions (it being specifically acknowledged and agreed, however, that if such Person does not so respond within such five (5) Business Day period, then such Person shall be deemed to have not Acquiesced). For example, if (x) any TriBridge Party desires to take or omit an action which if taken or omitted may give rise to Guaranty Losses, (y) such TriBridge Party gives simultaneous and specific written notices to the Bluerock Guarantor of such TriBridge Party’s intent with regard to such action, and (z) the Bluerock Guarantor fails to respond within five (5) Business Days, then the Bluerock Guarantor shall be deemed to have not Acquiesced to such action.
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Acquiesces or “Acquiesced” means, with respect to any Person and any act or omission that may give rise to Guaranty Losses, and such Person having received (separately, prior to and with particularity) written notice from the Person causing such action to be taken or omitted and specifically describing such act or omission, such Person responding with a written statement within five (5) Business Days of its receipt of such notice affirmatively stating that such Person does not object to such noticed acts or omissions (it being specifically acknowledged and agreed, however, that if such Person does not so timely respond within such five (5) Business Day period, then such Person shall be deemed to have not Acquiesced). For example, if (x) any Waypoint Party desires to take or omit an action which if taken or omitted may give rise to Guaranty Losses, (y) Waypoint Party gives written notice to Managing Member of the Waypoint Party’s intent with regard to such action, and (z) Managing Member fails to respond within five (5) Business Days, then Managing Member shall be deemed to have not Acquiesced to such action (and vice-versa if Managing Member is the party who desires to take or omit an action).
Sample 1

Examples of Acquiesces in a sentence

  • January 17: Biderman Acquiesces to Dwyer’s Revised Terms During the next Board meeting on January 17, Dwyer described the current iteration of the Recapitalization.

  • E L Investment Properties, LLC was potentially subject to legal actions for Quiet Title, Adverse Possession, Acquiesces, and/or other claims of interest against its real property.

  • Dismissal When The Government Acquiesces To The Purported Misconduct Without Any Contemporaneous Reservation Balances The Interests Of Defendants, Agencies,And The Enforcement Community 11CONCLUSION 15 TABLE OF AUTHORITIESPage(s) CasesD’Agostino v.

  • Weingast, The Positive Political Theory of Legislative History: New Perspectives on the 1964 Civil Rights Act and Itsthe Senate with a decided ideological bent, that ideology has been tempered by “easy legislation” compromise.D. The Senate Acquiesces The Senate passed U.S. Leadership without amendment.

  • IRS Acquiesces To Tax Court Decision In Farmland Case In an Action On Decision (“AOD”) released on March 27, 2001, AOD CC–2001-03, the IRS acquiesced to the Tax Court’s decision in favor of the taxpayer in Farmland Industries Inc.

  • C.I.R,106 the Tax Court applied principles of statutory construction and looked to legislative intent, reasoning that the term “‘limited partner’ is a technical term which has become obscured over time because of the increasing complexity of partnerships and other flowthrough 98 See supra notes 48–52 and accompanying text.99 Garnett, 132 T.C. at 379.100 Id.101 2010-14 I.R.B. 515 (April 5, 2010).102 IRS Acquiesces in Result Only in Thompson Case, 2010 WL 2594406.103 Id.104 Thompson v.

  • Acquiesces in result whether the State Department certification required under IRC § 893(b) is a prerequisite for the tax exemption provided for in I.R.C. § 893(a).

  • The Meaning Of “Authorizes, Permits or Acquiesces In” in s.122 (3) 2.

  • Acquiesces in result only relating to whether an interest in a limited liability company (LLC) is a limited partnership interest as defined under section 1.469–5T(e)(3).

  • Weisman, ‘‘U.S. Acquiesces in European Plan for Talks with Iran,’’ New York Times , Oct.

Related to Acquiesces

  • Insolvency Proceedings means bankruptcy, liquidation or other collective judicial or administrative proceedings, including interim proceedings, in which the assets and affairs of the debtor are subject to control or supervision by a court for the purposes of reorganisation or liquidation;

  • Intervenor means any person who, upon written petition, is permitted to intervene in a specific proceeding before the board.

  • Debtor Relief Law means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United States or other applicable jurisdiction from time to time in effect.

  • Petition means a written request to the court for an order after notice.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Insolvency Proceeding means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

  • Bankrupt means with respect to any entity, such entity that (a) files a petition or otherwise commences, authorizes or acquiesces in the commencement of a proceeding or cause of action under any bankruptcy, insolvency, reorganization or similar Law, or has any such petition filed or commenced against it and such case filed against it is not dismissed in ninety (90) days, (b) makes an assignment or any general arrangement for the benefit of creditors, (c) otherwise becomes bankrupt or insolvent (however evidenced), (d) has a liquidator, administrator, receiver, trustee, conservator or similar official appointed with respect to it or any substantial portion of its property or assets, or (e) is generally unable to pay its debts as they fall due.

  • Bankruptcy Proceeding means any bankruptcy, reorganization, insolvency, composition, restructuring, dissolution, liquidation, receivership, assignment for the benefit of creditors, or custodianship action or proceeding under any federal or state law with respect to Borrower, any guarantor of any of the Senior Indebtedness, any of their respective properties, or any of their respective partners, members, officers, directors, or shareholders.

  • Insolvency Official means, in respect of any company, a liquidator, provisional liquidator, administrator (whether appointed by the court or otherwise), administrative receiver, receiver or manager, nominee, supervisor, trustee in bankruptcy, conservator, guardian, the Viscount or other similar official in respect of such company or in respect of all (or substantially all) of the company's assets or in respect of any arrangement or composition with creditors or any equivalent or analogous officer under the law of any jurisdiction.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Bankruptcy Party has the meaning assigned in Section 9.7.

  • intervener ’ shall mean a person who files a petition to be made an in- tervener pursuant to paragraph (g) of this section and whose petition is ap- proved.

  • Appointment means the appointment of any Seller to act in a Corporate Trust Capacity under any of the Corporate Trust Contracts of the Business.

  • insolvency practitioner means any receiver, administrator or liquidator appointed in respect of the Tenant;

  • Receivership court means the court in the insolvent or impaired insurer's state having jurisdiction over the conservation, rehabilitation, or liquidation of the member insurer.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Specified Subsidiary means, at any date of determination (a) any Material Subsidiary or (b) any Unrestricted Subsidiary (i) whose total assets at the last day of the Test Period ending on the last day of the most recent fiscal period for which Section 9.1 Financials have been delivered were equal to or greater than 10% of the Consolidated Total Assets of the Borrower and the Subsidiaries at such date, or (ii) whose revenues during such Test Period were equal to or greater than 10% of the consolidated revenues of the Borrower and the Subsidiaries for such period, in each case determined in accordance with GAAP, and (c) each other Unrestricted Subsidiary that is the subject of an Event of Default under Section 11.5 and that, when such Subsidiary’s total assets or revenues are aggregated with the total assets or revenues, as applicable, of each other Subsidiary that is the subject of an Event of Default under Section 11.5 would constitute a Specified Subsidiary under clause (b) above.

  • Insolvency Act means the Insolvency Xxx 0000.

  • Testacy proceeding means a proceeding to establish a will or determine intestacy.

  • Insolvency Law means any bankruptcy, reorganization, moratorium, delinquency, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction in effect at any time during the term of this Agreement.

  • Receivership means a proceeding in which a receiver is appointed.

  • Debtor Relief Laws means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect.

  • Institutionalized spouse means a married person living in a medical institution, or nursing facility, or home- and community-based waiver setting who is likely to remain living in these circumstances for at least 30 consecutive days, and whose spouse is not in a medical institution or nursing facility for the purposes of rules 441—75.5(249A), 441—75.16(249A), and 441—76.10(249A). “Local office” shall mean the county office of the department of human services or the mental health

  • Institution means a higher educational institution including, but not limited to an university, a deemed to be university, a college, an institute, an institution of national importance set up by an Act of Parliament or a constituent unit of such institution, imparting higher education beyond 12 years of schooling leading to, but not necessarily culminating in, a degree (graduate, postgraduate and/or higher level) and/or to a university diploma.

  • Bankruptcy or Default means the total cessation of operations due to insolvency, with or without the filing of a bankruptcy petition by an airline, or cruise line, tour operator or other travel provider provided the Bankruptcy or Default occurs more than 14 days following Your Effective Date for the Trip Cancellation Benefits. There is no coverage for the Bankruptcy or Default of any person, organization, agency or firm from whom You purchased Travel Arrangements supplied by others.

  • Bankruptcy Case has the meaning assigned to such term in Section 2.05(b).