Common use of Limitation on Disposition of Assets Clause in Contracts

Limitation on Disposition of Assets. The Company is, subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount plus accrued and unpaid interest to, but not including, the date of repurchase with the Net Cash Proceeds of certain sales or other dispositions of assets in accordance with the Indenture.

Appears in 3 contracts

Samples: Ninth Supplemental Indenture (Dana Inc), Seventh Supplemental Indenture (Dana Inc), Indenture (Dana Inc)

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Limitation on Disposition of Assets. The Company is, subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount plus accrued and unpaid interest to, but not including, to the date of repurchase with the Net Cash Proceeds certain net cash proceeds of certain sales or other dispositions of assets in accordance with the Indenture.

Appears in 3 contracts

Samples: Second Supplemental Indenture (Tenneco Inc), First Supplemental Indenture (Tenneco Inc), Indenture (Visteon Corp)

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Limitation on Disposition of Assets. The Company is, is subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount plus accrued and unpaid interest to, but not including, to the date of repurchase with the Net Cash Proceeds net cash proceeds of certain sales or other dispositions of assets in accordance with the Indentureassets.

Appears in 1 contract

Samples: Indenture (Sheffield Steel Corp)

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