Project Disposition definition

Project Disposition means, with respect to any Project, (a) any sale, assignment or other Disposition of the Capital Stock of the applicable Project Company in respect of such Project to any Person other than a Loan Party, or (b) any sale, lease, license, transfer, assignment or other Disposition by the applicable Project Company in respect of such Project of all or any material portion of the assets or properties of such Covered Project Company, or of any rights under any Project Document, to any Person other than a Loan Party, but, in the case of this clause (b), excluding (i) sales of fuel cells or other inventory in the ordinary course of business, and (ii) sales or other Dispositions by the applicable Project Company in respect of such Project of worn out or defective equipment, or other equipment no longer used or useful to the Project that is promptly replaced by such Project Company with suitable substitute equipment of substantially the same character and quality and at least equivalent useful life and utility to the extent required by the Project or for performance under the Material Agreements to which such Project Company is a party.
Sample 1Sample 2Sample 3
Project Disposition means any sale, assignment, conveyance, transfer or other disposition of facilities under construction of the Issuer and its Restricted Subsidiaries as of the Issue Date (including the real estate related thereto) which are intended by the Issuer upon completion of construction to be repurchased or leased by the Issuer or one of its Restricted Subsidiaries or any business related, ancillary or complementary thereto; provided, that the consideration received for such assets shall be cash in an amount at least equal to the book value.
Sample 1Sample 2
Project Disposition means any sale, assignment, conveyance, transfer or other disposition of facilities under construction by the Parent and its Restricted Subsidiaries as of the Issue Date (including the real estate related thereto) which are intended by the Parent upon completion of construction to be repurchased or leased by the Parent or one of its Restricted Subsidiaries or any business related, ancillary or complementary thereto; provided, that the consideration received for such assets shall be cash in an amount at least equal to the book value.
Sample 1

Examples of Project Disposition in a sentence

  • The Advisor shall receive a Project Disposition Fee, in connection with the Sale of a single Project, up to one-half of the Competitive Real Estate Commission, but in any case not in excess of 3% of the gross sales price of such Project (without reduction for any seller or other credits), less the amount of any sales or brokerage commission paid to any Affiliate of the Advisor in connection with such sale, exchange or other disposition ("Project Disposition Fee").

  • The Advisor shall not receive a Project Disposition Fee, in connection with the sale, repayment or other disposition of loans or other investments of the Company.

  • The Administrative Agent shall have received a certificate of the chief financial officer of the Parent certifying that the Parent shall have received Net Cash Proceeds from such Receivable Sale, Project Disposition, sale and leaseback or other arrangement in an amount not less than $225,000,000 less the Working Capital Improvement Amount.

  • To the extent any Loan Party received Equity Proceeds or Excess Project Disposition Proceeds, such Equity Proceeds or Excess Project Disposition Proceeds may be deposited into the Equity Proceeds Account.

  • To the extent any Loan Party received Equity Proceeds, Completion Proceeds or Excess Project Disposition Proceeds, such Equity Proceeds, Completion Proceeds or Excess Project Disposition Proceeds may be deposited into the Equity Proceeds Account.

  • Project Disposition Upon Condemnation, Damage or Destruction........................................................................

  • Notwithstanding the foregoing, in the case of any Project Disposition (as defined in Section 5.10), the Borrower shall make an aggregate prepayment to all Lenders in an amount equal to the Stipulated Value for the applicable Project and any excess proceeds received by Borrower in connection with such Project Disposition in excess of such Stipulated Value may be retained by Borrower.

  • Tenant initials___Landlord initials___ This covenant is required by the terms of the Rexco/Main Street Office Project Disposition and Development Agreement between The Redevelopment Agency of the City of Corona and Rexco Main Street, LLC dated as of October 4, 2000 for reference purposes only which shall be recorded in the Official Records of Riverside County, California (hereinafter the "DDA").

  • The Loan Parties may deposit in the Equity Proceeds Account as and when received any Equity Proceeds, Completion Proceeds and any Excess Project Disposition Proceeds, as determined by the Borrower (and any Equity Proceeds not so deposited shall be deposited into the Revenue Account).

  • The Advisor shall receive a Project Disposition Fee, in connection with the Sale of a single Project, equal to the Competitive Real Estate Commission, but in any case not in excess of 6% or less than 3% of the gross sales price of such Project (without reduction for any seller or other credits), less the amount of any sales or brokerage commission paid to any Affiliate of the Advisor in connection with such sale, exchange or other disposition ("Project Disposition Fee").


More Definitions of Project Disposition

Project Disposition means any sale, assignment, conveyance, transfer or other disposition of facilities under construction and identified to the Arrangers as of the Agreement Execution Date (including the real estate related thereto) and which are intended upon completion of construction to be repurchased or leased by a Group Member and used in any business in which any Group Member was engaged on the Closing Date or any business related, ancillary or complementary thereto; provided, that the consideration received for such assets shall be cash in an amount at least equal to the book value thereof, the proceeds from such dispositions shall be used in a manner consistent with the financial model provided to the Lenders prior to the Agreement Execution Date and the other terms and conditions with respect thereto shall be reasonably satisfactory to the Administrative Agent in its reasonable discretion.
Sample 1
Project Disposition has the meaning assigned to it under Section 5.10(c).
Sample 1
Project Disposition means any sale, assignment, conveyance, transfer or other disposition of facilities under construction of Parent and its Subsidiaries as of the Closing Date (including the real estate related thereto) and which are intended upon completion of construction to be repurchased or leased by the Parent or any of its Subsidiaries and used in any business in which the Parent or any of its Subsidiaries was engaged on the Closing Date or any business related, ancillary or complementary thereto; provided, that the consideration received for such assets shall be cash in an amount at least equal to the book value thereof.
Sample 1
Project Disposition means any sale, assignment, conveyance, transfer or other disposition of facilities under construction and identified to the Arrangers as of the Closing Date (including the real estate related thereto) and which are intended upon completion of construction to be repurchased or leased by the Borrower or any of its Restricted Subsidiaries and used in any business in which any Group Member was engaged on the Closing Date or any business related, ancillary or complementary thereto; provided, that the consideration received for such assets shall be cash in an amount at least equal to the book value thereof, the proceeds from such dispositions shall be used in a manner consistent with the financial model provided to the Lenders prior to the Closing Date and the other terms and conditions with respect thereto shall be reasonably satisfactory to the Administrative Agent in its reasonable discretion.
Sample 1
Project Disposition means a Disposition of the type described in Section 5.21(a)(ii)(F).
Sample 1
Project Disposition means the occurrence of any of the following: (i) any Disposition by the Borrower or any of its Subsidiaries of any Equity Interests in any Subsidiary of the Borrower (other than to the Borrower or another Subsidiary of the Borrower); (ii) any issuance of Equity Interests by any Subsidiary of the Borrower (other than to the Borrower or another Subsidiary of the Borrower); or (iii) any Disposition by the Borrower or any of its Subsidiaries of any material portion of any Project (other than to the Borrower or another Subsidiary of the Borrower).
Sample 1

Related to Project Disposition

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Foreign Disposition has the meaning set forth in Section 2.05(b)(xi).

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Asset Sales means any sale, transfer, lease, license, sale and leaseback or other disposition of property (including pursuant to a casualty event or condemnation proceeding).

  • Permitted Disposition means any of the following:

  • Permitted Acquisition means any non-hostile acquisition, whether by purchase, merger or otherwise, of all or substantially all of the assets of, or 50% or more of the voting capital stock of, or a business line or a division of, any Person; provided that:

  • Specified Disposition means any disposition of all or substantially all of the assets or Capital Stock of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Significant Asset Sale means the sale, transfer, lease or other disposition by Holdings or any Subsidiary to any person other than the Borrower or a Subsidiary Guarantor of all or substantially all of the assets of, or a majority of the Equity Interests in, a person, or a division or line of business or other business unit of a person.

  • Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

  • Third Party Acquisition has the meaning set forth in Section 4.7(a).

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Related Entity Disposition means the sale, distribution or other disposition by the Company, a Parent or a Subsidiary of all or substantially all of the interests of the Company, a Parent or a Subsidiary in any Related Entity effected by a sale, merger or consolidation or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity, other than any Related Entity Disposition to the Company, a Parent or a Subsidiary.

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • REO Disposition The final sale by the Servicer of any REO Property.

  • Permitted Dispositions means each of the following:

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).