Current Disposition definition

Current Disposition as defined in subsection 4.4(b). -------------------
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Current Disposition shall have the meaning set forth in Section 3.1.2(a).
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Current Disposition has the meaning set forth in Section ------------------- 2.10(d).
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Examples of Current Disposition in a sentence

  • The Borrower shall, promptly upon receipt of the Net Available Proceeds from the Current Disposition, prepay the Term Loans, in an aggregate amount equal to 25% of the aggregate Net Available Proceeds of the Current Disposition and such prior Dispositions as to which a prepayment has not been made.

  • On the Initial Settlement Date of each Current Disposition, (A) the Revolving Credit Commitments shall be reduced automatically and temporarily in an amount equal to the applicable Temporary Commitment Reduction Amount and (B) the Borrowers shall, pursuant to Section 2.10(b)(vi) (assuming all Term Loans were paid in full), prepay the Loans and/or provide cover for LC Exposure as specified in Section 2.05(k).

  • On the Initial Settlement Date of each Current Disposition, the Borrowers shall, first, prepay Swingline Loans, second, repay outstanding reimbursement obligations in respect of LC Disbursements and third, prepay Revolving Credit Loans in an aggregate amount equal to the lower of (A) the amount of the Adjusted Net Available Proceeds of such Current Disposition and (B) the aggregate amount of the Revolving Credit Commitments in effect on such Initial Settlement Date.

  • It being understood that, subject to the terms and conditions hereof (including Sections 2.01, 2.03 and 5.02), the Borrowers may make a Special Borrowing on the Final Settlement Date of any Current Disposition for the permitted purposes of Special Borrowings, including prepayment of Term Loans.


More Definitions of Current Disposition

Current Disposition has the meaning specified in Section ------------------- 2.10(e). Credit Agreement ----------------
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Current Disposition has the meaning set forth in Section 2.10(c)(iv).
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Current Disposition. AS DEFINED IN SUBSECTION 4.4(B). -------------------
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Current Disposition has the meaning assigned to such term in Section 2.01(a).
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Related to Current Disposition

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of:

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • Related Entity Disposition means the sale, distribution or other disposition by the Company, a Parent or a Subsidiary of all or substantially all of the interests of the Company, a Parent or a Subsidiary in any Related Entity effected by a sale, merger or consolidation or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity, other than any Related Entity Disposition to the Company, a Parent or a Subsidiary.

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Specified Disposition means any disposition of all or substantially all of the assets or Capital Stock of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Asset Sale means any sale, issuance, conveyance, transfer, lease or other disposition (including, without limitation, by way of merger, consolidation or sale and leaseback transaction) (collectively, a “transfer”), directly or indirectly, in one or a series of related transactions, of:

  • Asset Sales means any sale, transfer, lease, license, sale and leaseback or other disposition of property (including pursuant to a casualty event or condemnation proceeding).

  • Permitted Disposition means any of the following:

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Disqualifying Disposition means any disposition (including any sale) of Stock acquired upon the exercise of an Incentive Stock Option made within the period that ends either (1) two years after the date on which the Participant was granted the Incentive Stock Option or (2) one year after the date upon which the Participant acquired the Stock.

  • Permitted Acquisition means an Acquisition by Borrower or any wholly-owned Subsidiary of Borrower of all or substantially all of the assets of, or all of the capital stock or other equity interests of, an Acquired Person engaged in similar or related line(s) of business as Borrower or any of its Subsidiaries, provided, that:

  • Financing Disposition means any sale, transfer, conveyance or other disposition of, or creation or incurrence of any Lien on, property or assets by the Company or any Subsidiary thereof to or in favor of any Special Purpose Entity, or by any Special Purpose Subsidiary, in each case in connection with the Incurrence by a Special Purpose Entity of Indebtedness, or obligations to make payments to the obligor on Indebtedness, which may be secured by a Lien in respect of such property or assets.

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • REO Disposition The final sale by the Servicer of any REO Property.

  • Significant Asset Sale means each Asset Sale which generates Net Sale Proceeds of at least $10,000,000.

  • Foreign Disposition has the meaning set forth in Section 2.05(b)(xi).