Common use of Permitted Disposal Clause in Contracts

Permitted Disposal. add a new limb to the definition of Permitted Disposal for: (a) the disposal of any entity, where the only material assets of such entity are assets that could themselves have been the subject of a Permitted Disposal; and (b) the disposal of any nominal or non-substantial shareholding as contemplated by the first Permitted Acquisition limb below. (c) Delete the existing Clause 19.11(b)(xxiv) (Disposals) and replace it with the following: “disposals of assets where the aggregate fair market value does not exceed the greater of €200,000,000 and 3% of Total Assets in any financial year ((with unused amounts in any calendar year being carried over to the next succeeding year subject to a maximum of the greater of €200,000,000 and 3% of Total Assets of carried over amounts for any calendar year));”. (d) Amend the Permitted Disposal referred to at paragraph 15(c) of Schedule 8 (Fifth Amendments, Waivers, Consents and Other Modifications) to delete the reference to “€25,000,000” and to replace it with “€75,000,000”.