Disposition of Certain Assets. Sell, lease, transfer or otherwise dispose of any assets of the Company or any Subsidiary other than in an Excluded Transfer, unless the net book value of the assets sold, leased, transferred or otherwise disposed of outside of the ordinary course of business in the then most recent 24 month period together with the net book value of any assets then proposed to be sold, leased, transferred or otherwise disposed of outside of the ordinary course of business do not exceed 30% of Consolidated Net Worth. For purposes of this paragraph and paragraph 6B(2), a sale of the Company's or its Subsidiaries' receivables in connection with financing of the Company or any of its Subsidiaries under a securitization program shall be deemed to constitute Debt of the Company or any such Subsidiary and not a sale of assets
Disposition of Certain Assets. The Company has not filed any consent agreement under Section 341(f) of the Code or otherwise agreed to have Section 341(f)(2) of the Code apply to any disposition of a Subsection (f) asset (as defined in Section 341(f)(4) of the Code) owned by the Company.
Disposition of Certain Assets. The Parent Corporation has not filed any consent agreement under Section 341(f) of the Code or otherwise agreed to have Section 341(f)(2) of the Code apply to any disposition of a Subsection (f) asset (as defined in Section 341(f)(4) of the Code) owned by the Parent Corporation.
Disposition of Certain Assets. Since March 31, 2011 through the Execution Date, neither SM nor any Affiliate of SM has transferred any interests in the Leases, Units or Xxxxx or facilities or equipment used in the operation of the Assets, except for (a) the transfer of the Assets as contemplated by this Agreement, (b) the transfer of assets that relate to the Assets as contemplated by that certain Purchase and Sale Agreement, dated May 31, 2011, between SM and Regency Field Services LLC, (c) the sale of Hydrocarbons produced from the Assets in the ordinary course of business, and (d) sales or other transfers of obsolete, worn out or unnecessary equipment in the ordinary course of SM’s business.
Disposition of Certain Assets. Except for Permitted Dispositions or except as permitted by paragraphs 6B(3), 6B(5), 6B(6) and 6B(7), sell, lease, transfer or otherwise dispose of any assets of the Company or any Subsidiary.
Disposition of Certain Assets. Except for Permitted Dispositions or except as permitted by Sections 10.3, 10.5, 10.6 and 10.7, sell, lease, transfer or otherwise dispose of any assets of the Company or any Subsidiary.
Disposition of Certain Assets. The following entities will be sold by November 30, 2002 or dissolved within 90 (ninety) days following the Closing Date hereof: Nextel International (Philippines), LLC Nextel International (Japan), Ltd. Nextel International Asia Holdings Limited East Holdings Limited Emerald Investments, Inc. Top Mega Enterprises, Limited Gxxxxx Holdings, Inc. Jxxxx Link Holdings, Ltd. Nextel Communications Philippines, Inc. Foodcamp Industries and Marketing, Inc.; and Comercializadora Troncales To the extent any of the above entities have not been sold by November 30, 2002 or dissolved within 90 (ninety) days following the Closing Date, such entity (other than H — Telecom Ltda.) shall pledge all of its assets as additional security for this Agreement and the EFA in the same manner as the Persons listed on Schedule 6.1 including all supporting legal opinions to give effect thereto. Additionally, Nextel Chile shall have until 07/31/03 to close on a proposed joint venture with a Chilean telecommunications services provider. To the extent the joint venture is not closed by such date, Nextel Chile shall pledge all of its assets as additional security for this Agreement and the EFA in the same manner as the Persons listed on Schedule 6.1 including all supporting legal opinions to give effect thereto.
Disposition of Certain Assets. (a) Notwithstanding any other provision regarding repurchases of Outstanding Notes (but subject to Section 4.19(c) above), (i) for so long as the Credit Facility shall be in effect, the Company shall apply the proceeds of any sale of assets pursuant to the Asset Disposition Agreement to the repurchase of Outstanding Notes, to the fullest extent permitted by the Credit Facility, including in accordance with the minimum time schedule provided in Section 7.9(i) of the Credit Facility; and (ii) in the event the Credit Facility is not in effect, the Company shall apply the Net Proceeds (as such term is defined in Section 1.01 of the Indenture) of any sale of assets pursuant to the Asset Disposition Agreement exclusively to the repurchase of Outstanding Notes within ninety (90) days following the consummation of any such sale; provided, however, that the Company shall not be obligated to repurchase any Notes under this Section 4.21 until the aggregate Net Proceeds of any such sales of assets (less any of such Net Proceeds received previously which were used to repurchase or redeem Notes) shall equal or exceed $1,000,000.
Disposition of Certain Assets. The Company further agrees, in addition to the provisions of Sections 10.01 and 10.02 hereof, that upon the occurrence and during the continuance of an Event of Default, it shall, upon demand by the Majority Banks, take all necessary action to transfer the ownership of the common stock of CMFRI to a purchaser pursuant to a sale of such stock effected on such terms and conditions as reasonably acceptable to the Majority Banks.
Disposition of Certain Assets. Pittencrieff acknowledges and agrees that notwithstanding any other provision of this Agreement to the contrary, prior to Closing each Selling Stockholder shall have the right to cause the Corporations and Partnerships, as applicable, to dispose of the assets described in Schedule 8.13, by way of a dividend. 8.14.
