Permitted Disposals definition
Examples of Permitted Disposals in a sentence
The Chargor undertakes that it shall not, and it shall procure that none of its subsidiaries shall, at any time during the subsistence of this Deed, sell, lease, transfer or otherwise dispose of, by one or more transactions or series of transactions (whether related or not), the whole or any part of its revenues or assets save for Permitted Disposals.
The Issuer shall not, and shall procure that none of its Subsidiaries will, enter into a single transaction or a series of transactions (whether related or not) and whether voluntary or involuntary to sell, lease, transfer or otherwise dispose of any asset provided however that the Issuer and its Subsidiaries have a right to enter into transactions that constitutes Permitted Disposals.
The Borrower shall not, and shall not permit its Subsidiaries to, (whether by a single transaction or a number of related or unrelated transactions and whether at one time or over a period of time) Dispose of the Collateral or, without the prior written consent of the Administrative Agent on behalf of the Required Lenders, any such Person’s other property or assets, whether tangible or intangible, in each case other than Permitted Disposals.
The Borrower shall not, and shall not permit its Subsidiaries to, (whether by a single transaction or a number of related or unrelated transactions and whether at one time or over a period of time) Dispose of the Collateral or, without the prior written consent of the Administrative Agent on behalf of the Required Lenders, any such Person's other property or assets, whether tangible or intangible, in each case other than Permitted Disposals.
Other than Permitted Disposals, an Obligor shall not, either in a single transaction or in a series of transactions and whether related or not, dispose of all or a material part of its assets.