Restricted Disposal definition
Restricted Disposal means a sale or other disposal of (i) all shares or other ownership interests (including by merger or demerger, as applicable) in any Material Group Company or (ii) all or substantially all of a Material Group Company's (other than SAS Consortium's) assets or operations, in each case to any person not being the Issuer or a Group Company wholly owned (directly or indirectly) by the Issuer.
Restricted Disposal means sale, transfer or disposal of shares in, other assets or operations in the Issuer or any Material Group Company, outside the ordinary course of business, to any person not being the Parent or the Issuer or any of its wholly owned Subsidiaries.
Restricted Disposal means any sale or distribution of any or all of the Senior Creditor SPV Equity or any interest therein. For the avoidance of doubt:
(i) where, following a Minority Disposal or Permitted Share Reduction, Senior Creditor SPV ceases to hold a greater than 50% interest in the share capital of New Noble, any further Restricted Disposals shall constitute a Termination Event; and
(ii) any Restricted Disposal or Dissolution, notice of which is provided to shareholders of Senior Creditor SPV on or after the date which is twelve months following the Restructuring Effective Date (the “Stability Period”) shall not constitute a Termination Event (except to the extent provided for in paragraphs 8.1(b)(3) and 8.1(b)(4) above) provided that there has been no breach of the Confidentiality Undertaking within the Stability Period in respect of such Restricted Disposal or Dissolution.
Examples of Restricted Disposal in a sentence
Each proposed Restricted Disposal shall be notified in writing to the contact persons of the Invitee Shareholder (as set forth in clause 16) and such notification shall include sufficient information regarding the Restricted Disposal to enable the Invitee Shareholder to make an informed assessment of whether to participate in the Restricted Disposal (such notification, the Proposal).
More Definitions of Restricted Disposal
Restricted Disposal means any disposal where the nature of the business or asset being disposed of would result in the relevant transaction being a Class 1 Transaction (as such term is defined in the U.K. Listing Rules).
Restricted Disposal means a sale or other disposal of (i) all shares or other ownership interests (including by merger or demerger, as applicable) in any Material Group Company or (ii) all or substantially all of a