Interim Capital Transaction definition

Interim Capital Transaction has the meaning assigned to such term in Section 5.8(i).

Interim Capital Transaction means (a) a transaction pursuant to which the Company borrows funds, including, without limitation, a refinancing of any Company debt, (b) a sale, condemnation or other disposition of all or a portion of the Company assets or (c) the receipt of insurance proceeds or other damage recoveries by the Company, in any such case which does not result in and is not entered into in connection with the dissolution and termination of the Company.

Interim Capital Transaction means any Capital Transaction that is not a Terminating Capital Transaction.

Examples of Interim Capital Transaction in a sentence

• After the Company has determined the amount, if any, of Shares that are to be redeemed the Company shall direct M&N Group Holdings, LLC to cause there to be a Interim Capital Transaction (as such term is defined in the M&N Group Holdings, LLC operating agreement) in an amount sufficient to redeem a number of units of M&N Group Holdings, LLC that will allow the Company to redeem the Vested Shares that have been requested to be redeemed and that are within the General Limit.

• An Interim Capital Transaction or a Terminating Capital Transaction.

• The purchase price that the Company shall pay a Shareholder for his or her Vested Shares that are subject to redemption shall be equal to the amount the Company receives (less any ordinary and necessary expenses incurred by the Company to effectuate such redemption) from M&N Group Holdings, LLC as a result of the Interim Capital Transaction with respect to the Shares of such Shareholder that is the subject of the redemption.

• Commissioner Partner made a motion to approve, pending receipt of the required background clearances, the hiring of the following individuals as Juniata County Children and Youth Services caseworkers effective January 4, 2021.

• Notwithstanding anything herein to the contrary, in connection with any Requesting Member’s valid notice to effectuate an Interim Capital Transaction, the Managing Member shall cause the Company to take any action as may be required to effectuate such Interim Capital Transaction on behalf of such Requesting Member, including, without limitation, in accordance with the terms set forth in the Exchange Agreement.

More Definitions of Interim Capital Transaction

Interim Capital Transaction means (a) an exchange by the Company of the Class A Units or the Class B Units of Xxxxxxx & Xxxxxx Group for cash or shares of Xxxxxxx & Xxxxxx pursuant to the Exchange Agreement or (b) a sale by the Company of shares of Xxxxxxx & Xxxxxx received by it pursuant to the Exchange Agreement.

Interim Capital Transaction means a capital event with respect to the Property (such as the sale or condemnation of all or a portion of any such property, a refinancing of all or a portion of any such property or the receipt of casualty or litigation proceeds or prepaid ground lease payments) that does not result in the dissolution of the Partnership. IRR means, at any time of determination, the discount rate at which the present value of the total amount of the Capital Contributions of each Partner as of such date is equal to the present value of all distributions made to such Partner pursuant to Section 4.1. (including distributions under Section 4.1 by virtue of Section 12.3(d) of this Agreement).

Interim Capital Transaction means any financing, refinancing or sale of a portion of the assets of the Partnership and any similar items which, in accordance with generally accepted accounting practices, are attributable to capital but which do not result in the dissolution of the Partnership. LIMITED PARTNERS shall mean the Class A Limited Partner or Partners and the Class B Limited Partners, all of which persons and entities are listed as Limited Partners in Exhibit A attached hereto. MAJORITY shall mean Partners owning more than fifty percent (50%) of the Percentage Interests in the Partnership.

Interim Capital Transaction means an insurance award (other than for substantially complete destruction of all of the Phenol Facility), partial condemnation, or sales of easements, rights-of-way or similar interests in the Phenol Facility, or sales of portions of the Phenol Facility or interests therein, and any similar items, including a financing or refinancing, which, in accordance with generally accepted accounting practices, are attributable to capital but which do not result in the dissolution of the Partnership.

Interim Capital Transaction means a Capital Transaction other than a Capital Transaction resulting in the sale or other disposition of all of the Properties (or of the last remaining Property).

Interim Capital Transaction means (a) borrowing and sales of debt securities (other than for working capital purposes and other than for items purchased on open account in the ordinary course of business) by the Partnership or the Operating Partnership, (b) sales of Interests in the Partnership by the Partnership or the Operating Partnership and (c) sales or other voluntary or involuntary dispositions of any assets of the Partnership or the Operating Partnership (other than (x) sales or other dispositions of inventory in the ordinary course of business, (y) sales or other dispositions of other current assets including receivables and accounts or (z) sales or other dispositions of assets as a part of normal retirements or replacements), in each case prior to the commencement of the dissolution and liquidation of the Partnership.

Interim Capital Transaction shall refer to (i) a transaction pursuant to which the Partnership borrows funds, (ii) a sale, condemnation, exchange, abandonment, casualty not followed by reconstruction, or other disposition, whether by