Common use of Disposition of Subsidiary Properties and Assets Clause in Contracts

Disposition of Subsidiary Properties and Assets. For purposes of this Article IV, the sale, lease, conveyance, assignment, transfer, or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Company.

Appears in 3 contracts

Samples: Indenture (Brunswick Corp), Pico Holdings Inc /New, UCP, Inc.

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Disposition of Subsidiary Properties and Assets. 53 For purposes of this Article IV, the sale, lease, conveyance, assignment, transfer, or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Company.. ARTICLE V

Appears in 1 contract

Samples: www.sec.gov

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