Common use of Disposition of Property Clause in Contracts

Disposition of Property. The Borrower shall not, directly or indirectly, Dispose of, in one transaction or a series of transactions, all or substantially all of its business or property, whether now owned or hereafter acquired; it being acknowledged and agreed that any Disposition of the Borrower’s transmission assets in one or more transactions which account, in aggregate from the Restatement Effective Date, for less than 50% of the greater of the consolidated total assets of the Borrower and its Subsidiaries taken as a whole and as shown on (i) the consolidated balance sheet of the Borrower as of the last day of the immediately preceding fiscal year in which such balance sheet was prepared or (ii) the consolidated balance sheet of the Borrower as of December 31, 2021 shall not constitute a Disposition of “all or substantially all” assets and shall be permitted hereunder.

Disposition of Property. The Borrower shall not, directly or indirectly, Dispose of, in one transaction or a series of transactions, all or substantially all of its business or property, whether now owned or hereafter acquired; it being acknowledged and agreed that any Disposition of the Borrower’s transmission assets in one or more transactions which account, in aggregate from the Restatement Effective Date, for less than 50% of the greater of the consolidated total assets of the Borrower and its Subsidiaries subsidiaries taken as a whole and as shown on (i) the consolidated balance sheet of the Borrower as of the last day of the immediately preceding fiscal year in which such balance sheet was prepared or (ii) the consolidated balance sheet of the Borrower as of December 31, 2021 2011 shall not constitute a Disposition of “all or substantially all” assets and shall be permitted hereunder.

Disposition of Property. The Borrower shall not, directly or indirectly, Dispose of, in one transaction or a series of transactions, all or substantially all of its business or property, whether now owned or hereafter acquired; it being acknowledged and agreed that any Disposition of the Borrower’s transmission assets in one or more transactions which account, in aggregate from the Restatement Effective Date, for less than 50% of the greater of the consolidated total assets of the Borrower and its Subsidiaries taken as a whole and as shown on (i) the consolidated balance sheet of the Borrower as of the last day of the immediately preceding fiscal year in which such balance sheet was prepared or (ii) the consolidated balance sheet of the Borrower as of December 31, 2021 2015 shall not constitute a Disposition of “all or substantially all” assets and shall be permitted hereunder.

Disposition of Property. The Borrower shall not, directly or indirectly, Dispose of, in one transaction or a series of transactions, all or substantially all of its business or property, whether now owned or hereafter acquired; it being acknowledged and agreed that any Disposition of the Borrower’s transmission assets in one or more transactions which account, in aggregate from the Restatement Effective Date, for less than 50% of the greater of the consolidated total assets of the Borrower and its Subsidiaries taken as a whole and as shown on (i) the consolidated balance sheet of the Borrower as of the last day of the immediately preceding fiscal year in which such balance sheet was prepared or (ii) the consolidated balance sheet of the Borrower as of December 31, 2021 2018 shall not constitute a Disposition of “all or substantially all” assets and shall be permitted hereunder.

Disposition of Property. The Borrower shall not, directly or indirectly, Dispose of, in one transaction or a series of transactions, all or substantially all of its business or property, whether now owned or hereafter acquired; it being acknowledged and agreed that any Disposition of the Borrower’s transmission assets in one or more transactions which account, in aggregate from the Restatement Effective Closing Date, for less than 50% of the greater of the consolidated total assets of the Borrower and its Subsidiaries subsidiaries taken as a whole and as shown on (i) the consolidated balance sheet of the Borrower as of the last day of the immediately preceding fiscal year in which such balance sheet was prepared or (ii) the consolidated balance sheet of the Borrower as of December 31, 2021 2010 shall not constitute a Disposition of “all or substantially all” assets and shall be permitted hereunder.

Disposition of Property. The Borrower shall not, directly or indirectly, Dispose of, in one transaction or a series of transactions, all or substantially all of its business or property, whether now owned or hereafter acquired; it being acknowledged and agreed that any Disposition of the Borrower’s transmission assets in one or more transactions which account, in aggregate from the Restatement Effective Date, for less than 50% of the greater of the consolidated total assets of the Borrower and its Subsidiaries taken as a whole and as shown on (i) the consolidated balance sheet of the Borrower as of the last day of the immediately preceding fiscal year in which such balance sheet was prepared or (ii) the consolidated balance sheet of the Borrower as of December 31, 2021 2013 shall not constitute a Disposition of “all or substantially all” assets and shall be permitted hereunder.

Disposition of Property. The Borrower shall not, directly or indirectly, Dispose of, in one transaction or a series of transactions, all or substantially all of its business or property, whether now owned or hereafter acquired; it being acknowledged and agreed that any Disposition of the Borrower’s transmission assets in one or more transactions which account, in aggregate from the Restatement Effective Date, for less than 50% of the greater of the consolidated total assets of the Borrower and its Subsidiaries taken as a whole and as shown on (i) the consolidated balance sheet of the Borrower as of the last day of the immediately preceding fiscal year in which such balance sheet was prepared or (ii) the NEWYORK 9337878 consolidated balance sheet of the Borrower as of December 31, 2021 2013 shall not constitute a Disposition of “all or substantially all” assets and shall be permitted hereunder.