Disposal Assets definition

Disposal Assets means any Assets or other transferable securities that are required by the Conditions to be liquidated on the Issuer’s behalf from time to time, including, for the avoidance of doubt and when applicable, non-cash Credit Support Assets.

Disposal Assets means any Assets or other securities that are required by the Conditions to be liquidated on the Issuer’s behalf from time to time, including, when applicable, non-cash Credit Support Assets.

Disposal Assets means all of the non-beer businesses of the Company

Examples of Disposal Assets in a sentence

• In essence, the Bank, as the seller of the Disposal Assets, will send invitation letters to not less than three potential purchasers and tender or competitive bidding will be held after the approval by the Shareholders in respect of the Disposal, and the potential purchaser with the highest bid shall win the bidding.

• The original book value of such Disposal Assets (including principals and interests accrued thereof) was approximately RMB25.9 billion (equivalent to approximately HK$31.1 billion) as at 30 September 2021.

• The total consideration for the Disposal Assets shall be settled by cash only, and the payment schedule for the sale and purchase of each relevant Disposal Assets shall be governed by each specific disposal agreement to be entered into between the Bank and potential purchaser(s).

• Consideration and Payment of Consideration The preliminary total consideration for the Disposal Assets is no less than RMB9.0 billion (equivalent to approximately HK$10.8 billion) and no more than RMB10.0 billion (equivalent to approximately HK$12.0 billion), and the final amount of the total consideration for the Disposal Assets shall be subject to the specific disposal agreement(s) to be entered into between the Bank and potential purchaser(s) within the scope of the Disposal Mandate.

• On 7 December 2021 (after trading hours), the Board resolved to propose the Disposal Mandate and propose to seek approval for the Disposal Mandate from the Shareholders at the EGM in advance to allow the Directors to dispose of the Disposal Assets of the Bank during the Mandate Period.

More Definitions of Disposal Assets

Disposal Assets include the land use rights of the Resumed Land, the buildings and structures erected on the Resumed Land, and certain machinery and equipment; “Disposal Equipment” certain photovoltaic power generation equipment erected on the roof of the buildings and structures erected on the Resumed Land;

Disposal Assets means any Assets or other securities that are required by the Conditions to be liquidated on the Issuer’s behalf from time to time.

Disposal Assets means the assets listed in the section “Assets to be disposed

Disposal Assets means, in respect of a Disposal Period relating to:

Disposal Assets means any Assets or other securities that are required by the Conditions to be liquidated on the Issuer’s behalf from time to time (including, for the avoidance of doubt, any Purchased Securities, Equivalent Securities, Margin Securities or Equivalent Margin Securities transferred to the Issuer pursuant to the Repo Agreement).”(ii) The definition of “Custodian Rights” shall be deleted and replaced with the following:

Disposal Assets means any Assets or other securities that are required by the Conditions to be liquidated on the Issuer’s behalf from time to time, including, when applicable, non-cash Credit Support Assets.(f) “Mandatory Cash Redemption Amount” means, in relation to any Notes falling due for redemption, the greater of (i) the proceeds of redemption or sale of the Assets and the Credit Support Assets realised in accordance with the Programme Deed and the Disposal Method set out in Additional Condition 7(e) and the cash value (to the extent such Assets or Credit Support Assets are cash) less all Expenses incurred by the Issuer, the Trustee and any Secured Agent in connection with such redemption or sale and the mandatory redemption of the Notes plus (if it is payable to the Issuer) or minus (if it is payable by the Issuer) the absolute value of any Aggregate STP and (ii) zero, divided by the number of the Notes falling due for redemption.(g) “Net Portfolio” means, for the purposes of determining any Physical Redemption Amount, the Assets and the Credit Support Assets remaining following liquidation by the Disposal Agent of sufficient Affected Assets and/or Credit Support Assets to satisfy any Transaction Termination Amount payable by the Issuer.(h) “Physical Redemption Amount” means, in connection with any Notes subject to a single Delivery Instruction Certificate, the sum of (i) a portion, determined by the Calculation Agent in its sole discretion, of the Net Portfolio corresponding to the number of Notes subject to that Delivery Instruction Certificate but rounded down to, where the Assets comprise securities, the nearest whole number of Assets and where the Assets comprise other debt obligations, the nearest minimum transfer value of the Assets; (ii) the Net Proceeds of that fraction of the Net Portfolio that was the subject of such rounding down; (iii) where the Aggregate STP is payable to the Issuer, a pro rata portion of such Aggregate STP; and (iv) if there is any positive cash balance in the Issuer’s accounts established and maintained solely for the purposes of the Notes, a pro rata portion of such positive cash balance, subject to the priority of payment set out in Condition 3.1 and Additional Condition 6(e), as modified by the Drawdown Deed. Use of ProceedsThe net proceeds of the issue of the Notes will be used in or towards the acquisition of the related Assets and in making payments under other contracts entered into in connection with the issue of the Notes. ...

Disposal Assets means any Assets or other securities that are required by the Conditions to be disposed of by the Disposal Agent from time to time.