MR Event definition
MR Event means either (i) the death of Meshulam Riklis, the principal of Riklis Family Corporation, or (ii) the execution and delivery by all parties to the MR Agreement of an amendment to the MR Agreement which releases Contributor and VRLP from any liability to Meshulam Riklis in the event of a sale or disposition of the Property.
MR Event means either (i) the death of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, the principal of Riklis Family Corporation, or (ii) the execution and delivery by all parties to the MR Agreement of an amendment to the MR Agreement which releases Contributor and VRLP from any liability to ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ in the event of a sale or disposition of the Property.
Examples of MR Event in a sentence
Notwithstanding the foregoing, if an MR Event occurs before the Closing Date, Contributor shall receive the entire Earnout in cash.