Form of consideration for Distressed Disposals and Debt Disposals Clause Samples
This clause defines the type of payment or compensation that will be used when assets are sold under distressed or debt-related circumstances. It typically specifies whether the consideration will be in cash, securities, or another form, and may outline any conditions or limitations on the form of payment. By clearly establishing what constitutes acceptable consideration in these special situations, the clause helps prevent disputes and ensures all parties understand their rights and obligations during such disposals.
Form of consideration for Distressed Disposals and Debt Disposals. Subject to Clause 13.5 (Security Agent protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non-Cash Consideration which is acceptable to the Security Agent.
Form of consideration for Distressed Disposals and Debt Disposals. Subject to Clause 5, a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or cash equivalents or, if not for cash, for Non-Cash Consideration which is acceptable to the International Security Agent.
Form of consideration for Distressed Disposals and Debt Disposals. Subject to Clause 15.6 (Restriction on Stream Enforcement) and Clause 16.5 (Security SPV Protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non-Cash Consideration which is acceptable to the Security SPV with the consent of the Instructing Group and, to the extent Stream Purchasers are permitted to take Enforcement Action further to Clause 6.6 (Permitted Enforcement: Stream Purchasers), the Majority Stream Purchaser(s) (i) in respect of each Initial Stream Agreement or, (ii) after the Stream Security Release Date has occurred in respect of all Initial Stream Agreements, in respect of each Stream Agreement.
Form of consideration for Distressed Disposals and Debt Disposals. A Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or cash equivalents or, if not for cash, for Non-Cash Consideration which is acceptable to the Applicable Collateral Agent.