Define: Project Sale

How is Project Sale defined in a legal contract?

• Project Sale means the transfer of equity interests held by a [borrower] in a [subsidiary], or the sale of a large portion or all assets of a [subsidiary]. This excludes any transfer related to a [Permitted Tax Equity Arrangement]. It also includes a restructuring event or series involving the transfer of equity interests held by a [borrower] in a [subsidiary] that does not lead to a change in the [borrower]'s ownership interest in the aggregate voting and economic interests in the [subsidiary]. Seen in 4 SEC filings
• Project Sale means the sale, lease, or other forms of transfer besides leasings of space in a Project to a third party, excluding an [affiliate] of the [Borrower]. Seen in 2 SEC filings
• Project Sale means any sale or transfer, or related series of sales or transfers, to any third party that is not an [affiliate] of the company. Seen in 1 SEC Filing

Please note that these definitions eliminate all specific organizational names, clauses, values, and locations from the original text. They are intended to ensure global applicability and understanding.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of project sale' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Project Sale means the transfer of equity interests or sale of substantive assets by the [Borrower] in an [Affiliate].

Relevant Contract Types

• Share Purchase Agreement
• Asset Purchase Agreement
• Mergers & Acquisitions Agreement

Relevant Circumstances

• Company restructuring
• Mergers & Acquisitions
• Dissolution of business

Relevant Sectors

• Finance
• Technology
• Real Estate

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Genie Definition 2

• Project Sale means the sale or lease (excluding lease of space) or disposition by [Borrower] to a third party.

Relevant Contract Types

• Commercial Lease Agreement
• Sale and Leaseback Agreement

Relevant Circumstances

• Leasing of properties or equipment
• Sale and leaseback of assets

Relevant Sectors

• Retail
• Transportation
• Manufacturing

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