Examples of Abandonment Event in a sentence
None of the Members or the Manager shall provide any instruction, direction or information to any of the brokers other than a copy of the instructions set forth in this Section 16, the Members’ § 16 FMVs and written information regarding the Property and the Project prepared by or on behalf of the Company or the Property Owner before the Abandonment Event.
For purposes of this Section 16, the purchase price for Bluerock’s Interest (the “Bluerock Interest Price”) shall be determined in the manner set forth below in this Section 16.3. For a period of five (5) days after the date on which an Abandonment Event occurs (the “FMV Negotiation Period”), Bluerock and ArchCo shall negotiate in good faith in an effort to agree upon the fair market value of the Property (“§16 FMV”).
Following the end of fiscal year 2000, if the Transaction has not been consummated and an Abandonment Event has not occurred, Employer may implement a special bonus program for Employee for fiscal year 2001, based on such bonus targets and target amounts as Employer shall determine and providing for the payment of a pro rated special performance bonus based upon the Acquisition Effective Date.
The broker or three (3) brokers, as the case may be, shall complete the Evaluation and determine the §16 FMV within the end of the thirty (30) day period following the Abandonment Event (the “FMV Determination Period”).
If, for any reason other than a default by Bluerock, either the § 16 FMV has not been determined in accordance with Section 16.3 within 30 days after an Abandonment Event occurs or ArchCo does not purchase Bluerock’s Interest on or before the Bluerock Interest Closing Deadline in accordance with this Section 16, ArchCo’s right to purchase Bluerock’s Interest under this Section 16 shall expire.
The broker(s) shall determine the §16 FMV by evaluating both Members’ proposed §16 FMVs in light of the fair market value of the Property, such fair market value being the fairest price estimated in the terms of money that the Company could obtain if the Property was sold in the open market allowing a reasonable time to find a purchaser who purchases with knowledge of the business of the Property at the time of the Abandonment Event.
If an Abandonment Event occurs, either Party may by notice in writing to the other Party terminate this Agreement immediately.
For purposes of this Section 16, the purchase price for Bluerock's Interest (the "Bluerock Interest Price") shall be determined in the manner set forth below in this Section 16.3. For a period of five (5) days after the date on which an Abandonment Event occurs (the "FMV Negotiation Period"), Bluerock and ArchCo shall negotiate in good faith in an effort to agree upon the fair market value of the Property ("§16 FMV").
None of the Members or the Manager shall provide any instruction, direction or information to any of the brokers other than a copy of the instructions set forth in this Section 16, the Members' § 16 FMVs and written information regarding the Property and the Project prepared by or on behalf of the Company or the Property Owner before the Abandonment Event.
The broker or three (3) brokers, as the case may be, shall complete the Evaluation and determine the §16 FMV within the end of the thirty (30) day period following the Abandonment Event (the "FMV Determination Period").