Realized Equity Value definition

Realized Equity Value means, on any date, the cumulative total of all cash and the fair market value, as determined by the Board, of all other properties or securities which (i) had been distributed by the Partnership to its Partners before the Effective Date (excluding any distributions made or authorized to be made solely for the purposes of 2 permitting Partners to pay their individual income tax liabilities resulting from their allocable share of Partnership income), (ii) has been distributed by the Company to holders of the Shares initially issued on the Effective Date (the "INITIAL SHARES"), and (ii) has not yet been distributed to holders of such Initial Shares, but has been duly authorized, by action of the Board, to be distributed to holders of the Initial Shares. In addition, at the sole discretion of the Board, Realized Equity Value may also include an additional amount consisting of proceeds from a Liquidating Transaction not yet distributed or authorized for distribution to holders of the Initial Shares or an amount which the Board determines would be available for distribution to holders of the Initial Shares if a Liquidating Transaction were assumed to occur as of such date (regardless of the likelihood of the occurrence of any such Liquidating Transaction).
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Realized Equity Value means, on any date, the cumulative total of all cash and the fair market value, as determined by the Board, of all other properties or securities which as of such date (i) has been distributed to the Partners, and (ii) has not yet been distributed to the Partners but has been duly authorized, by action of the Board, to be distributed to the Partners (excluding in the case of each of clause (i) and (ii) any distributions made or authorized to be made solely for the purposes of permitting Partners to pay their individual income tax liabilities resulting from their allocable share of Partnership income). In addition, at the sole discretion of the Board, Realized Equity Value may also include an additional amount consisting of proceeds from a Liquidating Transaction not yet distributed or authorized for distribution to the Partners or an amount which the Board determines would be available for distribution to the Partners if a Liquidating Transaction were assumed to occur as of such date (regardless of likelihood of the occurrence of any such Liquidating Transaction).
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Examples of Realized Equity Value in a sentence

  • In the event of a change in control of a Member, such Member thereupon shall cease to have any voting rights, and the remaining Members shall have the right to purchase, or to cause the Company to purchase, such first Member's Interests at a price equal to the Adjusted Realized Equity Value of such Interests, which right may be exercised by the remaining Members for a period of sixty (60) days after such event constituting a change in control.

  • The Interests owned by the Dissolving Member shall first be offered for purchase by the other Members within ninety (90) days of the date of such notice for the then existing Adjusted Realized Equity Value of such Interests.

  • Option further agrees that the Board's determination of the Realized Equity Value shall be binding and conclusive upon Optionee without any right to any judicial or other review of the basis for such determination by the Board.

  • The Interests owned by the Dissolving Member shall first be offered for purchase by the other Members within 90 days after the date of such notice for the then existing Adjusted Realized Equity Value of such Interests.

  • In the event of a change in control of a Member, such Member thereupon shall cease to have any voting rights, and the remaining Members shall have the right to purchase, or to cause the Company to purchase, such first Member's Interests at a price equal to the Adjusted Realized Equity Value of such Interests, which right may be exercised by the remaining Members for a period of 60 days after such event constituting a change in control.