Permitted Disposals amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”:
Permitted Disposals. If, as a result of a Permitted Disposal, the amount outstanding under the Facility exceeds the Borrowing Base Amount, then the required amount of proceeds from such Permitted Disposal to ensure that there is no such excess, after having taken into account the impact of the Permitted Disposal on the Borrowing Base Amount will be used to make a prepayment of the Facility.
Permitted Disposals. (a) Amend the new limb of the definition of Permitted Disposal referred to in limb (a)(xi) of Paragraph 13 of Schedule 5 (Further Amendments, Waivers, Consents and Other Modifications) to remove the requirement that the surrendering company receives fair market value for tax losses disposed to any member of the Wider Group.
Permitted Disposals. The Grantor shall not, except as otherwise permitted hereunder, remove, destroy, lease, sell or otherwise dispose of any of the Collateral except equipment which has become worn out or damaged or otherwise unsuitable for its purpose, in which case the Grantor shall substitute for such equipment, subject to the security interest created hereby and free from any other security interests, property of equal value such that the security hereby constituted shall not thereby be in any way reduced or impaired.
Permitted Disposals. (a) Delete Clause 19.11(b)(liv)(C).
Permitted Disposals. (a) amend limb (xii)(B) of the definition of Permitted Disposal to remove the requirement that the surrendering company receives fair market value for tax losses disposed to any member of the Wider Group;
Permitted Disposals. 6.7 Clauses 6.1 to 6.6 shall not apply to:
Permitted Disposals. A Security Holder may:
Permitted Disposals. The Debtor shall not, remove, destroy, lease, sell or otherwise dispose of any of the Collateral (1) except equipment which has become worn out or damaged or otherwise unsuitable for its purpose, in which case the Debtor shall substitute for such equipment, subject to the security interest created hereby and free from any other security interests, property of equal value such that the security hereby constituted shall not thereby be in any way reduced or impaired, (2) except as otherwise permitted hereunder, or (3) except in the ordinary course of Debtor's business.
Permitted Disposals. The following transfers of Shares constitute Permitted Disposals being transfers:
