Disposal Assets Clause Samples

Disposal Assets. Where pursuant to the Conditions it is necessary (to enable the Issuer to comply with its obligations under the Conditions or any Transaction Agreement) to dispose of any Disposal Assets the Disposal Agent will use its best endeavours to dispose of the assets in accordance with the Programme Deed.

Disposal Assets purchase the Disposal Assets on such terms, provided that, where “Adjusted Disposal Method” is specified as applicable, if the Disposal Agent is unable to obtain at least two such firm bid quotations on the same day, then the Disposal Agent will continue to attempt to obtain such firm bid quotations from at least five Offerors in accordance with (i) above, for up to a further five Business Days; or

Disposal Assets purchase the Disposal Assets for settlement on or before the Disposal Date, provided that where “Adjusted Disposal Method” is specified as applicable, the Disposal Agent will attempt to obtain such offers from at least five such Offerors, each of whom shall be a dealer in obligations of the type of the Disposal Assets; or