Examples of Interest Sale in a sentence
As to the Private Owner, the initial Capital Account shall correspond to that portion of the Capital Account of the Initial Member that is attributable to the Transferred LLC Interest (as defined in the Transferred LLC Interest Sale Agreement) acquired by the Private Owner pursuant to the Transferred LLC Interest Sale Agreement.
On the Closing Date, the Initial Member and the Private Owner shall fund, as Capital Contributions to the Company, the Working Capital Reserve Account in accordance with the provisions of Section 12.11 hereof and Section 1 of the Transferred LLC Interest Sale Agreement, which funds shall be used for payment of Working Capital Expenses in accordance with the provisions in such Section 12.11 and as otherwise permitted pursuant to the Custodial and Paying Agency Agreement.
Purchase Price payment date and method of paymentOn the Closing Date, the purchase price for the TBI (the “ Purchase Price”) will be paid to MHSC or BNPP in accordance with the method set forth in the Trust Beneficial Interest Sale and Purchase Agreement.
Such Member hereby acknowledges that, except as is otherwise expressly provided in this Agreement, the Transferred LLC Interest Sale Agreement, or the Contribution Agreement, none of the Initial Member or the FDIC or any Affiliate of either, or any of their respective officers, directors, employees, agents or contractors, makes or has made any representation or warranty regarding the Company, the LLC Interest or the Loans or the value of any Underlying Collateral.
In connection with the Transferred LLC Interest Sale Agreement, Private Owner acquired from the Initial Member the Transferred LLC Interest representing a forty percent (40)% equity interest in the Company in exchange for the Transferred LLC Interest Sale Price.
In connection with the Transferred LLC Interest Sale Agreement, Private Owner acquired from the Initial Member the Transferred LLC Interest representing a forty percent (40%) equity interest in the Company in exchange for the Transferred LLC Interest Sale Price.
Capitalized terms used herein without definition are used as defined in the Transferred LLC Interest Sale Agreement.
Capitalized terms used, and not otherwise defined, in this Transferee Acknowledgement and Certification have the meanings given in the Transferred LLC Interest Sale Agreement.
All representations, warranties, covenants and agreements contained in this Guaranty shall survive (and not be affected in any respect by) the consummation of the transactions contemplated in the LLC Interest Sale Agreement, any investigation conducted by or on behalf of any party hereto and any information which any Beneficiary may receive or have.
Notwithstanding anything contained herein, any decision to effect a Property Sale or Interest Sale shall be subject to the determination by the Board (including a majority of the Independent Directors) that the proposed transaction is on commercially reasonable terms.