Disposition Conditions definition

Disposition Conditions shall have the meaning ascribed to it in Section 7.29(c).

Disposition Conditions. 4.2(b) “EEA Financial Institution” – 10.32 “EEA Member Country” – 10.32 “EEA Resolution Authority” – 10.32 “Embargoed Person” - 4.32(c) “Equipment” – Mortgage “ERISA” - 4.31

Disposition Conditions means, with respect to any Release Price Disposition: (i) no Event of Default has occurred and is continuing, (ii) the Leverage Ratio is not greater than 6.75:1.00, calculated on a Pro Forma Basis, (iii) the DSCR is not less than 2.00:1.00, calculated on a Pro Forma Basis, (iv) the Release Price with respect to the applicable Collateral has been paid, (v) the Agents will be paid all unpaid fees, expenses and indemnities to the extent then due and payable to Administrative Agent and Collateral Agent, as applicable, under the Transaction Documents and (vi) to the extent that the Allocated Loan Amount for any Release Price Disposition (or any series of related Release Price Dispositions) would exceed 10% of the aggregate initial balance of all Term Loans made hereunder as of such date, the Requisite Lenders have consented to such Disposition in writing.

Examples of Disposition Conditions in a sentence

• In connection with each disposition of a Fiber Network Asset pursuant to Section 7.29, if and to the extent required thereunder, the Issuer shall prepay the Notes in an amount equal to the applicable Release Price for the related Fiber Network Assets pursuant to clause (v) of the Priority of Payments, and pay all amounts necessary to satisfy the Disposition Conditions.

• The Borrower will not, and will not permit any Subsidiary to, make or enter into any transaction involving: (a) any Disposition of or with respect to any Collateral, or enter into any agreement with respect thereto, unless all Disposition Conditions are satisfied; or (b) any other Disposition of any assets or property unless all Disposition Conditions (other than the condition in Subsection (a) of such defined term) are satisfied.

• In January 2017, Minnesota entered into a $500 million Minnesota Conservation Reserve Enhancement Program (CREP) Agreement with the United States Department of Agriculture.

• Criteria for the determination of the discretionary amount of bonus will be as agreed upon by the Executive and the Chairman of the Board within forty-five days of the date of this Agreement and within forty-five days of the commencement of each succeeding year of employment hereunder.

• Subject to the proper satisfaction of the City Disposition Conditions Precedent, City agrees to convey Area A to Developer.

• When transferring a juvenile sex offender, the referral shall consist of: Form IA/VI Application for Services and Waiver, Form IV Parole or Probation Investigation Request, Form V Report of Sending State Upon Parolee or Probationer Being Sent to the Receiving State, Order of Adjudication and Disposition, Conditions of Supervision, Petition and/or Arrest Report.

• Subject to the conditions and limitations set forth in the foregoing part of this Section 2.5 and further subject to the prior satisfaction of the City Disposition Conditions Precedent, the conveyance of Area A is to be accomplished as set forth in Sections 2.5 to 2.8 hereof.

• Tree data submitted for a Tree Survey or Tree Disposition Conditions must be obtained from a ground survey.

• Developer fails to satisfy any or all of City Disposition Conditions by the Outside Closing Date; then, at the option of City, upon such written notice thereof to Developer as may be set forth above, this Agreement shall be terminated, and thereafter neither Party shall have any further rights or liability against the other under this Agreement, except as otherwise expressly provided for in this Agreement.

• The City Disposition Conveyance and delivery of documents related shall close (“Disposition Closing”) within thirty (30) days of the parties’ satisfaction of all of the City Disposition Conditions Precedent, but in no event later than the last day established therefor in the Schedule of Performance.

More Definitions of Disposition Conditions

Disposition Conditions means all of the following requirements with respect to any proposed Disposition: (a) all mandatory prepayments required pursuant to Section 2.05 have been paid in full; (b) none of the Borrower, any Subsidiary, or any Affiliate of Borrower or any Subsidiary may be a counterparty to such Disposition; (c) the Disposition may not be for less than fair market value and on commercially reasonable arm’s length terms; (d) no Default or Event of Default shall have occurred and be continuing or would result therefrom; and (e) true, correct, and complete copies of the Disposition Documents shall have been provided to the Collateral Agent no later than five (5) days prior to the Disposition, and the Collateral Agent shall have approved of the terms thereof, such approval not to be unreasonably withheld.

Disposition Conditions means the conditions contained in this Part of the Schedule;

Disposition Conditions means, with respect to any Release Price Disposition: (i) no Event of Default or Rapid Amortization Period has occurred and is continuing, (ii) the pro forma Senior DSCR after giving effect to such disposition and any concurrent repayment of the Notes (including the payment of the Release Price on the following Payment Date) is greater than 2.0x, (iii) if the Notes are Specially Serviced Notes, the Servicer consents thereto, (iv) the Servicer, the Indenture Trustee and the Back-Up Manager will be paid all unpaid Additional Securitization Expenses and all other unpaid fees, expenses and indemnities to the extent then due and payable to the Servicer, the Back-Up Manager and the Indenture Trustee, as applicable, under the Transaction Documents, and

Disposition Conditions means, with respect to any Release Price Disposition:

Disposition Conditions means, with respect to any Release Price Disposition: (i) no Event of Default or Rapid Amortization Period has occurred and is continuing, (ii) the pro forma Senior DSCR after giving effect to such disposition and any concurrent repayment of the Notes (including the payment of the Release Price on the following Payment Date) is greater than 2.0x, (iii) if the Notes are Specially Serviced Notes, the Servicer consents thereto, (iv) the Servicer, the Indenture Trustee and the Back-Up Manager will be paid all unpaid Additional Securitization Expenses and all other unpaid fees, expenses and indemnities to the extent then due and payable to the Servicer, the Back-Up Manager and the Indenture Trustee, as applicable, under the Transaction Documents, and (v) written notice is provided to each Rating Agency, and, if the aggregate Allocated Note Amount of all Fiber Networks disposed of since the Series 2023-1 Closing Date in Release Price Dispositions, after taking into account the proposed disposition, is greater than 10% of the aggregate Initial Class Principal Balances of all Classes of then-outstanding Notes, a Rating Agency Confirmation is obtained (provided that after a Rating Agency Confirmation is obtained, the Asset Entities may dispose of Fiber Networks in Release Price Dispositions having aggregate Allocated Note Amounts equal to an additional 10% of the aggregate Initial Class Principal Balances of all Classes of then outstanding Notes prior to being required to obtain an additional Rating Agency Confirmation). The Disposition Conditions may be amended with Rating Agency Confirmation, including in connection with the issuance of an additional Series of Notes.