Business Disposition definition

Business Disposition means the disposition of the outstanding Equity Interests of a Subsidiary or the assets comprising all or a substantial part of a division or business unit or a substantial part of all of the business of Holdings and its Restricted Subsidiaries, taken as a whole.

Business Disposition by any person means the Disposition in a single transaction or series of related transactions by such Person and its Affiliates of (a) any Equity Interests of another Person sufficient to permit such Person and its Affiliates to Dispose of Control of such other Person or (b) all or any substantial portion of the property (including, without limitation, all or a substantial portion of the property comprising a division, unit or line of business (including cash)) of another Person, whether or not involving a merger or consolidation.

Business Disposition means any of the following transactions:

Examples of Business Disposition in a sentence

• With respect to any contemplated International Business Disposition, prompt written notice once the Board of Directors or comparable governing body of any Loan Party or International Holdings approves consummation of an International Business Disposition and at least 30 days prior to the consummation of any such International Business Disposition.

• Notwithstanding the foregoing provisions of this Section 6.23 or anything else in the Loan Documents to the contrary, if the International Net Proceeds are not sufficient to pay all Obligations in full in cash, the Loan Parties shall nevertheless be jointly and severally liable to pay all Obligations in full in cash on the date of the International Business Disposition.

• In the event the TRW Acquisition shall be completed, the Company will cause the TRW Automotive Business Disposition to be completed not later than December 31, 2003.

• Other than in connection with the Trust Business Disposition, Permitted Sale-Leaseback Transactions or one or more transactions contemplated by Sections 6.04(a) or 6.04(b), sell, assign (other than a collateral assignment intended for security), transfer or otherwise dispose of, in one transaction or a series of related transactions, or permit any Material Subsidiary so to do, all or a substantial part of the consolidated assets of the Borrower and the Subsidiaries taken as a whole.

• The Company will not permit the Fixed Charge Coverage Ratio as of any Fiscal Date to be less than 1.25x until the earlier of (x) the completion of the TRW Automotive Business Disposition and (y) December 30, 2003.

More Definitions of Business Disposition

Business Disposition any Disposition of its property or series of related Dispositions of its property or a division or other business unit or segment, or a majority of its voting Capital Stock (whether or not involving a merger or consolidation with any other Person).

Business Disposition means the sale or other disposition by the Company or any Restricted Subsidiary (other than to the Company or another Restricted Subsidiary) of:

Business Disposition any Disposition of property or series of related Dispositions of property that constitutes assets comprising all or substantially all of an operating unit of a business or a product line or constitutes all or substantially all of the ownership interests of a Person.

Business Disposition means the disposition of all of the outstanding Equity Interests of, or the assets compromising a division or business unit of, the Parent or its Subsidiaries.

Business Disposition means any sale, transfer or other disposition (including by way of merger or consolidation) in one transaction or a series of related transactions by the Company or any of its Restricted Subsidiaries to any Person other than the Company or any of its Restricted Subsidiaries of (i) all or substantially all of the Capital Stock of any Restricted Subsidiary or (ii) all or substantially all of the assets of any Restricted Subsidiary or of any division, brand, business unit or line of business of the Company or any Restricted Subsidiary.

Business Disposition means the sale, transfer, liquidation or other disposition of all or substantially all of the assets of the digital theater, planetarium and related businesses of the Company to a Person or Persons; or the sale, transfer, or other disposition by the Company of Spitz stock to a Person or Persons; excluding the subsuming of Spitz into the Company;

Business Disposition means any sale, transfer or other disposition (including by way of merger or consolidation) in one transaction or a series of related transactions by the Company or any of its Restricted Subsidiaries to any Person other than the Company or any of its Restricted Subsidiary of (i) all or substantially all of the Capital Stock of any Restricted Subsidiary or (ii) all or substantially all of the assets of any Restricted Subsidiary or of any division or line of business of the Company or any of its Restricted Subsidiaries.