Partial Liquidation definition
Examples of Partial Liquidation in a sentence
Under this method, the interest due from a Borrower on a Due Date is calculated based on (a) the Unpaid Principal Balance of the related Mortgage Loan prior to application of the principal portion of the related current Monthly Payment, (b) thirty days interest at the related Mortgage Interest Rate and (c) adjusted as herein provided for the effects of Curtailments, Partial Liquidation Proceeds, Prepayments in Full and Liquidations.
If a holder of Series A-1 Preferred Stock fails to deliver an Exercise Notice to the Company within seven (7) business days after delivery by the Company of the Partial Liquidation Event Notice, then such holder shall be deemed to have declined to exercise the Partial Liquidation Repurchase Right, and shall have no further rights pursuant to this Section 5.2 with respect to the Partial Liquidation Event described in the Partial Liquidation Event Notice.
A holder of Series A-1 Preferred Stock may exercise the Partial Liquidation Repurchase Right at any time within seven (7) business days of delivery by the Company of the Partial Liquidation Event Notice, by delivering written notice of the exercise of its Partial Liquidation Repurchase Right to the Company (the “Exercise Notice”).
In the event the Company proposes to make a distribution of proceeds from a Partial Liquidation Event (as defined in the Restated Certificate) (such distribution, a “Partial Liquidation Distribution”), the Company shall first give notice to each holder of Series A-1 Preferred Stock of the anticipated date and amount of such Partial Liquidation Distribution (such notice, the “Partial Liquidation Event Notice”).
The Employer further confirms that it has read and agrees with the contents of the following documents in their current versions, all of which form an integral part of the Affiliation Agreement: – Pension Fund Regulations – Rules of Procedure – Fee Schedule – Investment Regulations – Partial Liquidation Regulations, and – Benefits Scheme The Employer acknowledges the aforesaid current legal bases and any subsequent amendments therein.
Authorized Employer representatives within the department shall be limited to the employee's supervisors and Office of Human Resources personnel who are assigned responsibility for the employee in question.
On the Business Day after the Commitment Expiry Date of any non-extending Committed Purchaser, a Partial Liquidation shall be implemented with respect to such non-extending Committed Purchaser.
Seller is the sole owner of the Property and shall continue to be the sole owner of the Property during the entire term of this Contract, subject to the conveyance of undivided tenant-in-common interests to Participating Members pursuant to the Partial Liquidation Plan.
As holder of the Contract Shares, the Trust Custodian will receive the cash, securities or other assets received in respect of the Partial Liquidation Event.
The Association shall not have the right, as part of the Partial Liquidation Plan, to convey any interest in the Property to an Owner Occupant Member unless and until such Owner Occupant Member (the "Participating Member") has executed, prior to the Election Date, an agreement (the "Adoption Agreement") to be irrevocably bound and obligated by all of the terms and conditions of this Contract as such terms and conditions relate to the obligations of the Association.