Examples of Foreign Disposition in a sentence
If a Foreign Disposition does not constitute a disposition of all or substantially all of the properties or assets of the Issuer, this paragraph shall not be applicable.
Nothing in this paragraph shall be construed as a covenant by any Foreign Subsidiary to apply any Net Proceeds or a covenant by the Issuer to cause any Foreign Subsidiary to distribute any amounts (it being understood that this provision requires only that the Issuer apply certain amounts calculated by reference to certain Net Proceeds in the event of a Foreign Disposition).
Notwithstanding the foregoing, the Borrower agrees to use commercially reasonable efforts for a period of one year after the occurrence of the applicable Foreign Disposition or Foreign Casualty Event to use other cash resources of the Borrower and its Subsidiaries (subject to the limitations set forth in this clause (iv)) to make any such mandatory prepayment required by this Section 4.4(b).
Notwithstanding any other provision of this Section 4.4(b), to the extent that any or all of the Net Cash Proceeds of a Foreign Disposition or the Net Cash Proceeds of any Foreign Casualty Event is prohibited or delayed by applicable local law from being repatriated to the United States, the portion of such Net Cash Proceeds so affected will not be required to be applied to make a prepayment of the Loans at the time provided in this Section 4.4(b), as the case may be.