Sale or Disposition definition

Sale or Disposition means any of the following Partnership transactions: sales, exchanges, or other dispositions of real or personal property, condemnations or any recovery or damage awards, and insurance proceeds (other than business or rental interruption insurance proceeds).
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Sale or Disposition. The sale or other disposition of Aircraft.
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Sale or Disposition means any Partnership transaction (other than the receipt of subscriptions for Units) not in the ordinary course of its business, including, without limitation, sales (including foreclosure sales), exchanges or other dispositions of real or personal property, condemnations, recovery of damage awards and insurance proceeds (other than business or rental interruption insurance proceeds). The disposition of a Partnership Property prior to three years from the date of the Prospectus by transfer back to the seller or an affiliate thereof, whether in the form of a rescission, exchange or resale or pursuant to an option or other similar arrangement entered into at or prior to the time of taking title to the Property shall not, if the proceeds from such transfer back are reinvested in other Property, constitute a Sale or Disposition and shall not result in Cash From Sales or Refinancings.
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Examples of Sale or Disposition in a sentence

  • Any gain allocated to the Partners upon a Sale or Disposition of any Partnership property shall, to the extent possible, after taking into account other required allocations of gain pursuant to Exhibit C, be characterized as Recapture Income in the same proportions and to the same extent as such Partners have been allocated any deductions directly or indirectly giving rise to the treatment of such gains as Recapture Income.

  • Election to Recognize Gain From Sale or Disposition of Electric Trans- ta DOE¥403¥1,368¥1,592¥1,312185952¥3,536 mission Property to Implement Federal Energy Regulatory Commission or State Electric Restructuring Policy Ratably Over Eight-Year Period Subject to Qualified Reinvestment (applies to sales or dispositions complete prior to January 1, 2007).

  • Sale or Disposition of Assets The Board of this Corporation may authorize the lease, sale, transfer or other disposition of any of the assets of this Corporation without the necessity of procuring authorization from the Court pursuant to Section 1715.39, Ohio Revised Code, and any such lease, sale, exchange, transfer or other disposition shall be made in whole or in part for money or other property, including shares or other securities or promissory notes of any corporation for profit.

  • The full amount of current loss may be used to offset income or gain, regardless of Federal passive loss limitations.Determining Gain or Loss on the Sale or Disposition of Partnership Assets, Koch EffectThe partnership in determining gain or loss, for New Jersey purposes, on the sale or disposition of partnership asset(s) must use the same basis in the asset(s) as used for federal tax purposes.

  • Except as permitted in this Agreement, any Sale or Disposition of Shares by a Shareholder or the Corporation, directly or indirectly, shall be null and void without the approval of the Board of Directors.

  • Approval of Ordinance 16-O-58, identified as Document No. 3, An Ordinance Authorizing the Sale or Disposition of Items of Personal Property Owned by the City of Woodstock, designating these items to be surplus property and authorizing and directing the City Manager to dispose of said property as allowed by law, including but not limited to sale to the highest bidder via GovDeals.com, recycling, and/or disposal.

  • The full amount of current loss may be used to offset income or gain, regardless of Federal passive loss limitations2001 Form 1065 3 Determining Gain or Loss on the Sale or Disposition of Partnership Assets, Koch EffectThe partnership in determining gain or loss, for New Jersey purposes, on the sale or disposition of partnership asset(s) must use the same basis in the asset(s) as used for federal tax purposes.

  • Neither the Corporation nor the Shareholders have any duty or obligation to affirmatively disclose to the Selling Shareholder, and the Selling Shareholder shall have no right to be advised of any material information regarding the Corporation at any time prior to, upon, or in connection with the Selling Shareholder’s Sale or Disposition of Shares.

  • The Shareholders hereby acknowledge that they have had full and complete access to information regarding the nature and extent of the Corporation’s business, including, but not limited to, all pertinent financial data affecting the Corporation, its current business and prospects, in order to make a decision whether to enter into the terms of this Agreement, including the obligations in connection with a future Sale or Disposition of Shares.

  • Notwithstanding the provisions of Section 11.4.1 and 11.4.2 hereof, an amount of Net Income arising from a Sale or Disposition of a Partnership Property equal to the Capital Account Deficiency shall first be allocated to each Partner having a Negative Balance in the proportion in which such Partner's Negative Balance bears to the aggregate Negative Balances of all Partners ("Negative Balance Ratio").


More Definitions of Sale or Disposition

Sale or Disposition means any transaction (other than the receipt of capital contributions) not in the ordinary course of operating a Company Asset or any partnership, joint venture, corporation, trust or other entity in which the Company has an interest, including any sale, exchange or other disposition of any Company Asset or interest therein, condemnation, recovery of damage award or insurance proceeds (other than business or rental interruption insurance proceeds), any financing or refinancing or any decrease in the Company's reserve accounts to the extent such reserve accounts were funded with revenues from a Sale or Disposition or from Capital Contributions.
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Sale or Disposition means any Partnership transaction (other than the receipt of subscriptions for Units) not in the ordinary course of its business, including, without limitation, sales (including foreclosure sales), refinancings, exchanges or other dispositions of real or personal property, condemnations, recoveries of damage awards and insurance proceeds (other than business or rental interruption insurance proceeds). The disposition of a Partnership Property by transfer back to the seller or an affiliate thereof, whether in the form of a rescission, exchange or resale or pursuant to an option or other similar arrangement entered into at or prior to the time of taking title to the Property shall not, if the proceeds from such transfer back are reinvested in other Property, constitute a Sale or Disposition and shall not result in Cash From Sales or Refinancings.
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Related to Sale or Disposition

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

  • Qualified disposition means a Disposition or a series of related Dispositions in which the consideration received by the Credit Parties is equal to or greater than $50,000,000.

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

  • 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.

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

  • 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.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • 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.

  • Asset Sale means any direct or indirect sale, issuance, conveyance, assignment, transfer, lease (other than operating leases entered into in the ordinary course of business) or other disposition (including pursuant to any Sale and Lease-Back Transaction), other than to the Company or any of its Restricted Subsidiaries, in any single transaction or series of related transactions of:

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

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

  • 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.

  • 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:

  • Permitted Disposition means any of the following:

  • 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;

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • Financing Disposition means any sale, transfer, conveyance or other disposition of, or creation or incurrence of any Lien on, property or assets by the Company or any Subsidiary thereof to or in favor of any Special Purpose Entity, or by any Special Purpose Subsidiary, in each case in connection with the Incurrence by a Special Purpose Entity of Indebtedness, or obligations to make payments to the obligor on Indebtedness, which may be secured by a Lien in respect of such property or assets.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.

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

  • Excluded Asset Disposition means, with respect to any Consolidated Party, any Asset Disposition consisting of (i) the sale, lease, license, transfer or other disposition of inventory or other assets in the ordinary course of such Consolidated Party's business, (ii) the sale, lease, license, transfer or other disposition of Property no longer used or useful in the conduct of such Consolidated Party's business, (iii) any Involuntary Disposition by such Consolidated Party, (iv) any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Credit Party, PROVIDED that the Credit Parties shall cause to be executed and delivered such documents, instruments and certificates as the Agent may reasonably request so as to cause the Credit Parties to be in compliance with the terms of Section 7.12 after giving effect to such transaction, (v) any portion of an Asset Disposition by such Consolidated Party constituting a Permitted Investment, (vi) if such Consolidated Party is not a Credit Party, any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Consolidated Party that is not a Credit Party, (vii) the sale or disposition of Cash Equivalents for fair market value, (viii) any sale of accounts receivable in connection with the compromise thereof, (ix) the assignment of past due accounts for collection or (x) the licensing of Intellectual Property to third Persons on customary terms as determined by the licensor's board of directors in good faith; PROVIDED, HOWEVER, that the term "Excluded Asset Disposition" shall not include any Asset Disposition to the extent of the portion of the proceeds of such Asset Disposition that would be required under any Junior Financing Documentation to be applied to permanently retire Indebtedness of the Consolidated Parties.

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

  • Disposition Notice is defined in Section 5.2(a).

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly-owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided that:

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

  • Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(a) or (h);