Capital Transaction definition

Capital Transaction means 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 or exchanges or other dispositions of property not in the ordinary course of business, financings, refinancings, condemnations, recoveries of damage awards, and insurance proceeds.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Capital Transaction means any sale, or other disposition (other than a deemed disposition pursuant to Section 708(b)(1)(B) of the Code and the Regulations thereunder) of all or substantially all of the assets and properties of the Partnership or a related series of transactions that, taken together, result in the sale or other disposition of all or substantially all of the assets and properties of the Partnership.

Capital Transaction means the refinancing, sale, exchange, condemnation, recovery of a damage award or insurance proceeds (other than business or rental interruption insurance proceeds not reinvested in the repair or reconstruction of Properties), or other disposition of any Property (or the Partnership's interest therein).

Examples of Capital Transaction in a sentence

• Notwithstanding any other provision to the contrary, subject to Section 5.03 of the Loan Agreement, if there is a Capital Transaction, then the Borrower shall distribute twenty-five percent (25%) of the Net Proceeds resulting from the Capital Transaction to the County Board as a payment on the then outstanding principal and accrued interest on the AHIF Loan.

• Notwithstanding any other provision to the contrary, subject to Section 5.03 of the Loan Agreement, if there is a Capital Transaction, then the Borrower shall distribute fifty percent (50%) of the Net Proceeds resulting from the Capital Transaction to the County Board as a payment on the then outstanding principal and accrued interest on the AHIF Loan.

• Notwithstanding any other provision to the contrary, subject to Section 5.03 below, if there is a Capital Transaction, then the Borrower shall distribute fifty percent (50%) of the Net Proceeds resulting from the Capital Transaction to the County Board as a payment on the then outstanding principal and accrued interest on the AHIF Loan; provided that the distribution of Net Proceeds to the County Board shall not exceed the then outstanding principal and accrued interest on the AHIF Loan.

• Notwithstanding any other provision to the contrary, subject to Section 5.03 below, if there is a Capital Transaction, then the Borrower shall distribute twenty-five percent (25%) of the Net Proceeds resulting from the Capital Transaction to the County Board as a payment on the then outstanding principal and accrued interest on the AHIF Loan; provided that the distribution of Net Proceeds to the County Board shall not exceed the then outstanding principal and accrued interest on the AHIF Loan.

More Definitions of Capital Transaction

Capital Transaction means a sale of all or substantially all of the assets of the Partnership not in the ordinary course of business.

Capital Transaction means a sale, exchange or other disposition (other than in liquidation of the Partnership) or a financing or refinancing by the Partnership (which shall not include any loan or financing to the General Partner as permitted by Section 7.1(a)(iii)) of a Partnership asset or any portion thereof.

Capital Transaction means any transaction outside the ordinary course of the Partnership’s business involving the sale, exchange, other disposition, or refinancing of any Partnership asset.

Capital Transaction or "Capital Transactions": Sale, transfer, assignment or exchange of stock purchases or other investment made by the Company or other similar transactions which, in accordance with generally accepted principles, are treated as a capital transaction.

Capital Transaction means any sale, refinancing, or other transaction involving one or more Properties that is customarily considered as capital.

Capital Transaction means a transaction pursuant to which (a) the Company finances or refinances any Company Assets (or any interest therein), (b) all or any portion of any Company Assets is sold, condemned, exchanged or otherwise disposed of, (c) insurance proceeds or other damages in respect of any Company Assets are recovered by the Company, or (d) any other transaction that, in accordance with GAAP, is considered capital in nature.

Capital Transaction means (i) a transaction pursuant to which the indebtedness of the Company (whether or not secured by the Project) is refinanced or any additional borrowing by the Company, including the Loan; (ii) a sale, condemnation, exchange or other disposition of the Project or any part thereof; (iii) an insurance recovery or receipt of condemnation proceeds related to the Project; or (iv) any other transaction with respect to the Company which, in accordance with generally accepted accounting principles, is considered capital in nature.