Disposal of Assets definition

Disposal of Assets means any sales operation, disposal, assignment as property, assignment as trust, transfer, or alienation of any kind, whether in a transaction or a series of transactions, of (i) a substantial portion or all assets, goods or rights, present or future, of the Borrower, a substantial portion being *** of the total amount of the assets, goods, or rights of the Borrower based on the total amount of the assets planned in the most recent Financial Statement, and except for the alienation of the vehicles of the Borrower according to the process of annual replacement that the Borrower makes; or (ii) any asset, good or right that were essential to the normal operation of the business of the Borrower; in both cases, without prior notice and written consent of the Majority of Banks. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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Disposal of Assets means, where any member of the Group sells, transfers, leases or otherwise disposes of or is dispossessed by any means of, otherwise than to a wholly-owned member of the Group, the whole or any part (whether by a single transaction or by a number of transactions whether related or not) of its undertaking or property or assets, the undertaking, property or assets sold, transferred, leased or otherwise disposed of or of which it is so dispossessed;
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Disposal of Assets means to properly account for the disposal of Tłı̨ chǫ Government owned assets
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Examples of Disposal of Assets in a sentence

  • The formal Contract Agreement, which is enclosed herewith shall be entered into upon expiry of fourteen (14) days from the date hereof but not later than thirty (30) days after expiry of tender validity pursuant to the provisions of the Public Procurement and Disposal of Assets Act, 2015 (or as may be amended from time to time or replaced).Kindly sign, and seal the Contract Agreement.

  • The Recipient will not, unless in accordance with the terms and conditions set out in Schedule “H” (Disposal of Assets), sell, lease, encumber, or otherwise dispose, directly or indirectly, of any Asset.

  • When the assets or disposal groups are sold, the gains or losses on the sale are recognized in Gain on Disposal of Assets.

  • The list of submissions and the amount of submissions received shall remain confidential until the opening, at which time information shall be disclosed in accordance to the Procurement of Goods, Services or Construction and Disposal of Assets By-Law.

  • This entering into the transaction is considered as a Class 2 disposal of listed company’s assets under the Notification on Acquisition or Disposal of Assets.


More Definitions of Disposal of Assets

Disposal of Assets means the right to sell or otherwise transfer, as well as to lease, pledge or change the legal status of the assets in any other way.
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Disposal of Assets without the prior written consent of the Lender, the Borrower or the Guarantor transfers or disposes of, or threatens to transfer or dispose of, a substantial part (as determined in good faith by the Lender) of its respective business or assets;
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Disposal of Assets. Enter into any sale-leaseback transaction, or sell, lease, transfer, or otherwise dispose of all or any substantial portion of its assets, except that Borrower may sell inventory in the ordinary course of business, except a sale and lease back of the Vantare expansion project.
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Disposal of Assets means any sale, lease, transfer, issuance, assignment, or other disposition (whether in a single transaction or series of transactions) of (i) property, assets, goods or rights, present or future, of the Borrower and its Subsidiaries, taken as a whole, having a fair market value greater than five percent (5%) of the total amount of the assets, goods, or rights of the Borrower reflected in the Borrower’s most recent consolidated financial statements, and except for the disposal of vehicles of the Borrower in the ordinary course; or (ii) any asset, good or right that is essential to the normal operation of the business of the Borrower or its Subsidiaries; in both cases, without prior notice and written consent of the Majority Holders.
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Disposal of Assets means the right to sell or otherwise convey, as well as lease, mortgage or change in assets.
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Disposal of Assets. : means the operations of disposal of Assets, whether or not isolated productive units, through direct sale, in the form of article 66 of the LRF and/or in accordance with the rules of competitive process contained in article 60, main section and sole paragraph, in article 142 and in the other applicable provisions of the LRF and in article 133, §1 of the National Tax Code, pursuant to the terms of Clause 5 below. The rules of competitive processes, including the description of the specific Assets that will form the isolated production units, will be established in the respective notices, being certain that any Assets granted in guarantee to any creditors without prior written authorization from the respective creditor beneficiary of the guarantee in question, pursuant to §1 of article 50 of the LRF. The assets and rights that will comprise the eventual isolated production units will be sold free of any debts, contingencies and
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Disposal of Assets means the disposal of assets under Clause 5.1.
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