Book Event definition

Book Event means (i) any event specified in Treasury Regulation Sections 1.704-1(b)(2)(iv)(f); (ii) any issuance, retirement, forfeiture or redemption of any Shares; and (iii) any other event that the Company determines, based on the advice of its tax advisers, should be treated as a Book Event so as to comply with the requirements or principles of Treasury Regulation Section 1.
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Examples of Book Event in a sentence

  • In any event, Neurocrine will use Commercially Reasonable Efforts to achieve the Briefing Book Event.

  • If Takeda elected to co-fund the Phase II Supplemental Studies pursuant to Section 4.1.2 (Phase II Asset Development), if applicable, or if no Phase II Supplemental Studies were conducted, then Takeda may elect to exercise the Phase II Opt-In Right within [***] following the Briefing Book Event by providing written notice of such election to Neurocrine within such [***] period.

  • Each Capital Account of a Member shall also be adjusted (upward or downward, as applicable) in the manner and to the extent it would be adjusted if all Company property were sold as of the effective date of such Book Event for its Fair Market Value and the net gain or net loss, as applicable, resulting from such deemed sale of assets were "Net Property Gain" or "Net Property Loss," as applicable, and allocated pursuant to Section 5.02(b) of this Agreement.

  • If Takeda does not elect to fund such Phase II Supplemental Studies, but the Briefing Book Event occurs within [***] after Takeda’s receipt of the tables, figures, and listings for both of the Phase II Ongoing Trials (the “Phase II Expiration Date”), then the Phase II Asset will remain classified as a Phase II Royalty Product, but Takeda will not have a Phase II Opt-In Right with respect to such Phase II Royalty Product.

  • For such purposes, the effective date of a Book Event shall be (i) if such event occurs on a Business Day other than the last Business Day of a calendar month, the last day of the immediately preceding calendar month, or (ii) if such event occurs on the last Business Day of a calendar month or on any non-Business Day following the last Business Day of a calendar month, the last day of such calendar month.