Directed Divestment Sample Clauses
A Directed Divestment clause empowers one party, typically a regulatory authority or a contractual counterparty, to require another party to sell or dispose of certain assets or business interests under specified circumstances. This clause is often triggered when holding such assets would violate laws, regulations, or contractual obligations, such as antitrust rules or foreign ownership restrictions. By mandating divestiture, the clause ensures compliance with legal or regulatory requirements and helps prevent conflicts of interest or market concentration issues.
Directed Divestment. None of the provisions set forth in Article VI or VII or in Section 8.01(h) shall prohibit any Directed Divestment effected in accordance with applicable law so long as the Borrowers comply with the mandatory prepayment provisions of Section 2.13(c)(viii).
Directed Divestment. 165197 Section 11.23
Directed Divestment. 148 Section 11.23 Interest Rate Limitation ................................................................................................................ 148 Section 11.24