Portfolio Restructuring definition

Portfolio Restructuring means any sale, assignment, conveyance, transfer, lease or other disposition of voting rights in the Guarantor within the Terra Firma Group.
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Examples of Portfolio Restructuring in a sentence

  • The Department may request any other information that it deems necessary to monitor compliance with the Loan Portfolio Restructuring Program Requirements and the requirements set forth in this Agreement.

  • It is agreed by the Borrower that the injury to the Department arising from a default under any of the terms of this Agreement would be irreparable and that the amount of compensation, which would provide adequate relief to the Department, in light of the purposes and requirements of the Loan Portfolio Restructuring Program, would be impossible to ascertain.

  • The Department may grant its approval for a sale, transfer or conveyance of the Property or Development subject to such terms and conditions as may be necessary to preserve or establish the Fiscal Integrity of the Development or to ensure compliance with the Loan Portfolio Restructuring Program Requirements.

  • Each Eligible Household selected to occupy an Assisted Unit in the Development shall enter into a written rental or occupancy agreement with the Borrower, the form of which shall be subject to approval by the Department and be consistent with the Loan Portfolio Restructuring Program Requirements.

  • Distributions shall be permitted for a particular Fiscal Year, including Distributions from an accumulated Distributions account, only after the Borrower submits a complete annual report and operating budget and the Department determines that the report and budget demonstrate compliance with all Loan Portfolio Restructuring Program Requirements.

  • Borrower specifically agrees and acknowledges that, notwithstanding any internal accounting procedures or provision pertaining to the use of receipts, payments, reserves and distributions contained in its partnership or other organizational documents or agreements, the terms of this Agreement and the Loan Portfolio Restructuring Program Requirements shall control as to the use of all Operating Income from the Development.

  • The Borrower acknowledges that it is familiar with the Loan Portfolio Restructuring Program Requirements and has access to professional advice to the extent necessary to enable the Borrower to fully comply with the Loan Portfolio Restructuring Program Requirements.

  • The Borrower agrees that at all times its actions regarding the Development and the use of funds provided under the Loan shall be in conformity with all Loan Portfolio Restructuring Program Requirements, including the requirements of this Agreement and the other Loan Documents.

  • Such rules shall be consistent with state law and the Loan Portfolio Restructuring Program Requirements and shall not distinguish or discriminate between Restricted Units and non-Restricted Units.

  • Net Cash Flow shall be applied towards payment of the following loans, in the percentages noted: Lender: California Department of Housing and Community Development -- Loan Portfolio Restructuring Program Initial Principal Amount: $1,197,213.00 Percentage of Net Cash Flow: 100% Term to Maturity: 16 years Lien Position: 1st Interest Rate: 3% DGS and Borrower Lease.

Related to Portfolio Restructuring

  • Permitted Restructuring means the completion of: (a) an offer made by, or on behalf of, an Eligible Company to all (or as nearly as may be practicable all) of the shareholders of the Issuer (or, if the Issuer is not then the Ultimate Owner, to the shareholders of the then Ultimate Owner) to acquire the whole (or as nearly as may be practicable the whole) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued ordinary share capital) other than those already held by or on behalf of such Eligible Company; or (b) a reorganisation or restructuring whether by way of a scheme of arrangement or otherwise pursuant to which an Eligible Company acquires all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued capital) not held by the New Holding Company is cancelled;

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Restructuring has the meaning set forth in the Recitals.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.