Common use of Permitted Disposals Clause in Contracts

Permitted Disposals. amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”: (a) instead of paragraph (r) of the definition of “Permitted Disposal” in the Credit Agreement, any disposal of real property if the fair market value in any financial year does not exceed the greater of €50,000,000 and 3% of Total Assets (with unused amounts in any financial year being carried over to the next succeeding financial year subject to a maximum of the greater of €50,000,000 million and 3% of Total Assets of carried over amounts for any financial year); (b) instead of paragraph 13(a)(xii) of Schedule 5 (Further Amendments, Waivers, Consents and Other Modifications) of this Agreement, any disposition of assets to a person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company or any member of the Bank Group to such person; (c) any disposal of the share capital of, or an interest in, any person which is not a member of the Group; and (d) disposals of assets permitted by paragraph (c) of the definition of Permitted Payment.

Appears in 3 contracts

Samples: Telenet Additional Facility Ai Accession Agreement (Liberty Global PLC), Telenet Additional Facility Ah Accession Agreement (Liberty Global PLC), Telenet Additional Facility Ad Accession Agreement (Liberty Global PLC)

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Permitted Disposals. amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”: (a) instead of paragraph (r) of the definition of “Permitted Disposal” in the Credit Agreement, any disposal of real property if the fair market value in any financial year does not exceed the greater of €50,000,000 and 3% of Total Assets (with unused amounts in any financial year being carried over to the next succeeding financial year subject to a maximum of the greater of €50,000,000 million and 3% of Total Assets of carried over amounts for any financial year); (b) instead of paragraph 13(a)(xii) of Schedule 5 6 (Further Amendments, Waivers, Consents and Other Modifications) of this Agreement, any disposition of assets to a person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company or any member of the Bank Group to such person; (c) any disposal of the share capital of, or an interest in, any person which is not a member of the Group; and (d) disposals of assets permitted by paragraph (c) of the definition of Permitted Payment.

Appears in 2 contracts

Samples: Telenet Additional Facility Ae Accession Agreement (Liberty Global PLC), Telenet Additional Facility Af Accession Agreement (Liberty Global PLC)

Permitted Disposals. amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”: (a) instead of paragraph (r) of the definition of “Permitted Disposal” in the Credit Agreement, any disposal of real property if the fair market value in any financial year does not exceed the greater of €50,000,000 and 3% of Total Assets (with unused amounts in any financial year being carried over to the next succeeding financial year subject to a maximum of the greater of €50,000,000 million and 3% of Total Assets of carried over amounts for any financial year); (b) instead of paragraph 13(a)(xii) of Schedule 5 (Further Amendments, Waivers, Consents and Other Modifications) of this Agreement, any disposition of assets to a person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company or any member of the Bank Group to such person; (c) any disposal of the share capital of, or an interest in, any person which is not a member of the Group; and (d) disposals of assets permitted by paragraph (c) of the definition of Permitted Payment.

Appears in 1 contract

Samples: Telenet Additional Facility Ai2 Accession Agreement (Liberty Global PLC)

Permitted Disposals. amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”: (a) instead of the amendment referred to at paragraph (r42(a)(xxii) of the definition Schedule 5 of “Permitted Disposal” in the Credit this Additional Facility AM Accession Agreement, any disposal of real property if the fair market value in any financial year does not exceed the greater of €50,000,000 250,000,000 and 35% of Total Assets (with unused amounts in any financial year being carried over to the next succeeding financial year subject to a maximum of the greater of €50,000,000 250,000,000 million and 35% of Total Assets of carried over amounts for any financial year); (b) instead of the amendment referred to at paragraph 13(a)(xii42(a)(xiii) of Schedule 5 (Further Amendments, Waivers, Consents and Other Modifications) of this Additional Facility AM Accession Agreement, any disposition of assets to a person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company UPC Broadband or any member of the Bank Borrower Group to such person; (c) any disposal of the share capital of, or an interest in, any person which is not a member of the Borrower Group; and (d) disposals of assets permitted by sub-paragraph (cc)(iii) of the definition of Permitted PaymentClause 16.13 (Restricted Payments).

Appears in 1 contract

Samples: Additional Facility Am Accession Agreement (Liberty Global PLC)

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Permitted Disposals. amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”: (a) instead of paragraph (r39(a)(iii) of the definition Schedule 5 (Amendments, Waivers, Consents and Other Modifications) of “Permitted Disposal” in the Credit this Agreement, any disposal of real property if the fair market value in any financial year does not exceed the greater of €50,000,000 and 3% of Total Assets (with unused amounts in any financial year being carried over to the next succeeding financial year subject to a maximum of the greater of €50,000,000 million and 3% of Total Assets of carried over amounts for any financial year); (b) instead of paragraph 13(a)(xii) of Schedule 5 6 (Further Amendments, Waivers, Consents and Other Modifications) of this Agreement, any disposition of assets to a person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company or any member of the Bank Group to such person; (c) any disposal of the share capital of, or an interest in, any person which is not a member of the Group; and (d) disposals of assets permitted by paragraph (c) of the definition of Permitted Payment.

Appears in 1 contract

Samples: Accession Agreement (Liberty Global PLC)

Permitted Disposals. amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”: (a) instead of paragraph (r) of the definition of “Permitted Disposal” in the Credit Agreement, any disposal of real property if the fair market value in any financial year does not exceed the greater of €50,000,000 and 3% of Total Assets (with unused amounts in any financial year being carried 59457504_17 over to the next succeeding financial year subject to a maximum of the greater of €50,000,000 million and 3% of Total Assets of carried over amounts for any financial year); (b) instead of paragraph 13(a)(xii) of Schedule 5 (Further Amendments, Waivers, Consents and Other Modifications) of this Agreement, any disposition of assets to a person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company or any member of the Bank Group to such person; (c) any disposal of the share capital of, or an interest in, any person which is not a member of the Group; and (d) disposals of assets permitted by paragraph (c) of the definition of Permitted Payment.

Appears in 1 contract

Samples: Accession Agreement (Liberty Global PLC)

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