Disposition Percentage means, with respect to any Asset Sale Prepayment Event or Recovery Prepayment Event required to be applied pursuant to Section 5.2(a)(i), the applicable percentage of Net Cash Proceeds required to be offered on any date of determination to prepay Term Loans.
Disposition Percentage has the meaning assigned to such term in Section 2.11(c).
Disposition Percentage means, with respect to any Asset Sale Prepayment Event or Recovery Prepayment Event required to be applied pursuant to Section 5.2(a)(i), the applicable percentage of Net Cash Proceeds required to be offered on any date of determination to prepay Term Loans. “Disqualified Capital Stock” shall mean, with respect to any Person, any Capital Stock of such Person that, by its terms (or by the terms of any security or other Capital Stock into which it is convertible or for which it is putable or exchangeable) or upon the happening of any event or condition, (a) matures or is mandatorily redeemable (other than solely for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise, other than solely as a result of a change of control, asset sale event or casualty, eminent domain or condemnation event so long as any rights of the holders thereof upon the occurrence of a change of control, asset sale event or casualty, eminent domain or condemnation event shall be subject to the prior repayment in full of the Loans and all other Obligations (other than Hedging Obligations under any Secured Hedging Agreement, Cash Management Obligations under Secured Cash Management Agreements or contingent indemnification obligations and other contingent obligations not then due and payable), (b) is redeemable or exchangeable at the option of the holder thereof (other than solely for Qualified Capital Stock), other than as a result of a change of control, asset sale event or casualty, eminent domain or condemnation event so long as any rights of the holders thereof upon the occurrence of a change of control, asset sale event or casualty, eminent domain or condemnation event shall be subject to the prior repayment in full of the Loans and all other Obligations (other than Hedging Obligations under any Secured Hedging Agreement, Cash Management Obligations under Secured Cash Management Agreements or contingent indemnification obligations and other contingent obligations not then due and payable), in whole or in part, or (c) provides for the scheduled payment of dividends in cash, in each case prior to the date that is ninety-one (91) days after the Latest Maturity Date; provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Capital Stock; provided that, if such Capital Stock is ...
Examples of Disposition Percentage in a sentence
In the event that at any time after the Closing the Sponsor proposes to sell to a Third Party or receives an offer from a Third Party to purchase a Sponsor Disposition Percentage, the Sponsor agrees to deliver to Willxxxx xxx Tag Along Notice.
In order to comply with the provisions of Section 7.1, the Sponsor agrees that no disposal of any Sponsor Disposition Percentage may be made and no offer received by it from a Third Party to purchase any of such Sponsor Disposition Percentage may be accepted, unless Willxxxx xxxls to give within the period established in Section 7.2 (a) the Willxxxx Xxxice or Willxxxx xxxivers to the Sponsor a Willxxxx Xxxice advising it of its decision not to sell the Willxxxx Xxx Along Shares to such Third Party.
More Definitions of Disposition Percentage
Disposition Percentage means as of immediately following any Qualifying Investor Partial Exit Event, the percentage of the Investor Investment disposed of in the aggregate by the Investor subsequent to the Closing Date (excluding, for the avoidance of doubt, a sale, transfer, or other disposition within the affiliated group comprising the Investor).
Disposition Percentage means, (x) with respect to a Prepayment Event pursuant to clause (a) of such definition, the prepayment required by Section 2.11(c), if the First Lien Leverage Ratio for the Test Period then last ended is (a) greater than 2.40 to 1.00, 100%, (b) greater than 1.90 to 1.00 but less than or equal to 2.40 to 1.00, 50% and (c) equal to or less than 1.90 to 1.00, 0% and (y) with respect to a Prepayment Event pursuant to clause (b) of such definition, the prepayment required by Section 2.11(c) shall be 100%.
Disposition Percentage means for any disposition a fraction (expressed as a percentage), the numerator of which shall be the amount of Net Tangible Assets subject to such disposition (determined as of the date of such disposition) and the denominator of which shall be Net Tangible Assets (determined as of the date of such disposition);
Disposition Percentage means, (x) with respect to a Prepayment Event pursuant to clause (a) of such definition, the prepayment required by Section 2.11(c), if the First Lien Leverage Ratio for the Test Period then last ended is (a) greater than 2.75:1.0, 100%, (b) greater than 2.50 to 1.00 but less than or equal to 2.75 to 1.00, 50% and (c) equal to or less than 2.50:1.0, 0%; provided that prior to the effectiveness of the Reinvestment Trigger, the Disposition Percentage shall be 100% and (y) with respect to a Prepayment Event pursuant to clause (b) of such definition, the prepayment required by Section 2.11(c) shall be 100%.
Disposition Percentage means, with respect to any Asset Sale Prepayment Event, a percentage equal to (x) the positive contribution margin generated by the Borrower and its Subsidiaries in the trailing twelve-month period from the assets that are the subject of such Asset Sale Prepayment Event divided by (y) the total positive contribution margin of the Borrower and its Subsidiaries in such trailing twelve-month period.
Disposition Percentage means, with respect to any sale or disposition of assets by the Borrower or any Subsidiary, an amount (expressed as a percentage) equal to the Consolidated EBITDA generated by such assets during the four-fiscal-quarter period most recently ended prior to such disposition divided by Consolidated EBITDA for such four-fiscal-quarter period.
Disposition Percentage as defined in Section 2.6(c).