Restricted Asset Disposition definition

Restricted Asset Disposition means any sale, transfer, lease or other disposition of any asset of the Borrower or any Subsidiary other than an Unrestricted Asset Disposition.
Sample 1Sample 2Sample 3
Restricted Asset Disposition means any Disposition other than a Disposition referred to in clauses (a) through (e) of the definition of Permitted Asset Disposition having an aggregate fair market value or book value, whichever is greater, of not more than $2,500,000; provided that the proceeds therefrom shall be applied as provided in Section 3.1.1(e).
Sample 1
Restricted Asset Disposition means each Asset Disposition by the Company or any of its Subsidiaries unless: (1) in the good faith opinion of the Company, the Asset Disposition is in exchange for consideration having a Fair Market Value at least equal to that of the property exchanged and is in the best interest of the Company or such Subsidiary; and (2) immediately after giving effect to the Asset Disposition, no Default or Event of Default would exist; and (3) immediately after giving effect to the Asset Disposition, either (x) the Disposition Value of all property that was the subject of any Asset Disposition occurring in the same transaction or a series of related transactions would not exceed 10% of Consolidated Assets as of the end of the then most recently ended fiscal year of the Company, or (y) the Disposition Value of all property that was the subject of any Asset Disposition occurring on or after the Closing Date would not exceed 25% of Consolidated Assets as of the end of the then most recently ended fiscal year of the Company. If the Net Proceeds Amount for any Transfer is applied to a Debt Prepayment Application or a Property Reinvestment Application within 30 days after such Transfer, then such Transfer, for the purpose of determining whether a Restricted Asset Disposition shall have occurred as of any date, shall be deemed not to be an Asset Disposition. .
Sample 1

Examples of Restricted Asset Disposition in a sentence

  • His focus on innovative approaches to help students succeed is paying off as the college begins to turn the corner after many years of low performance.


More Definitions of Restricted Asset Disposition

Restricted Asset Disposition shall have the meaning given to such term in Section 6.1(xvi) hereof.
Sample 1
Restricted Asset Disposition means any Disposition other than a Disposition referred to in CLAUSES (a) through (e) of the definition of Permitted Asset Disposition having an aggregate fair market value or book value, whichever is greater, of not more than $2,500,000; PROVIDED that the proceeds therefrom shall be applied as provided in SECTION 3.1.1(e).
Sample 1
Restricted Asset Disposition means, without duplication, any Asset Disposition or any Casualty Event (provided that no Casualty Event shall constitute a Restricted Asset Disposition unless the Person affected by such Casualty Event has failed to reinvest the Net Available Proceeds of such Casualty Event to rebuild or restore the affected assets, or enter into a binding commitment to do so, within 120 days of the receipt of Net Available Proceeds of such Casualty Event) with respect to:
Sample 1
Restricted Asset Disposition. As defined in (S)5(c). ---------------------------- Revolving Credit Loans: Revolving credit loans made or to be made to the ---------------------- Borrower pursuant to (S)2 hereof.
Sample 1

Related to Restricted Asset 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:

  • 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).

  • 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:

  • 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

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

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between the Borrower or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 10.4.

  • 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

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • Permitted Disposition means any of the following:

  • 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.

  • 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.

  • 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.

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • Asset Sale Proceeds means, with respect to any Asset Sale,