Asset Disposal. The Borrower shall not sell, lease or otherwise dispose of any of its assets or property without the prior written consent of the Credit Agent and undertakes to ensure that any Subsidiary of the Borrower does not sell, lease or otherwise dispose of any of its assets or property without the prior written consent of the Credit Agent, except for:
Asset Disposal. 53.1 The Participant must promptly notify Defence as soon as practicable after it becomes aware that an Asset Disposal is likely to occur and seek Defence approval of the Asset Disposal.
Asset Disposal occurs where the Participant transfers or otherwise disposes of its ownership or any rights to:
Asset Disposal. The Guarantor shall not sell, lease or otherwise dispose of any of its assets or property without the prior written consent of the Credit Agent and undertakes to ensure that any of its Subsidiaries does not sell, lease or otherwise dispose of any of its assets or property without the prior written consent of the Credit Agent, except for:
Asset Disposal. Except for the Permitted Disposals, if the Borrower disposes or transfers, in any manner and outside of the ordinary course of business of the Borrower, in favour of a third party (outside de Group) any asset or business (whether by a voluntary or involuntary single transaction or series of transactions), including the transfer of shareholding stakes in any other companies and any Intellectual Property (other than between the Group) but excluding the Material IP (which would be subject to Clause 13.2.2 above), the Borrower shall make an early repayment of the Facility for the amount equivalent to the total net cash proceeds effectively received in respect of the disposal (after deduction of direct and indirect taxes as well as the duly justified expenses—including, but not limited to, any amounts retained to cover contingent and other anticipated liabilities in connection with such disposal or required to discharge any financial indebtedness—accrued or incurred as a consequence of, or in relation to, the disposal, as the case may be) in respect of the part thereof that has not been effectively used for, formally allocated or committed to be applied to (within one hundred and eighty (180) days following the date of disposal or such longer period that may be agreed between the Borrower and the Majority Lenders) the disposal (by the Borrower) of assets and/or companies of the same or similar nature; and in any case provided that (a) the net cash proceeds effectively received from such sale or disposal, either on an individual basis or for a series of sales or disposals during a period of one (1) year, exceed TWO MILLIONS EUROS (€2,000,000); and (b) any of the foregoing is duly evidenced to the Lenders through the Agent. The amount to be prepaid shall also accrue the relevant Early Prepayment Fee.
Asset Disposal. Should Alcan dispose of any of their plants with their demands for silicon covered by this Supply Agreement both Alcan and Simcala agree to meet to discuss the affected volume. Once an agreement is reached on the volume, an amendment to the Supply Agreement will be issued in writing. If no agreement is reached within 90 days of such asset disposal, an automatic adjustment of the volume equivalent to the average of the last 9 month releases to the Company, the assets of which have been disposed of by Alcan, will be applied to the monthly releases under this Agreement, for the remaining term of it.
Asset Disposal. (a) The Provider shall not, without the prior consent of the Agency, dispose of the whole or any part of the Site, or the Charged Property. Clause 3.6.2(a) does not apply to: i a Permitted Disposal; or
Asset Disposal. Sell, transfer, lease, or otherwise dispose of all or a substantial part of its business or assets.
Asset Disposal. The CC’s CFO may dispose of all properties with an estimated value of £500,000 or above, which have previously been approved by the Police and Crime Commissioner when the property is being disposed of to the highest bidder and the price equals or exceeds the agreed estimate. The Police and Crime Commissioner must be notified of this disposal in writing. The CC’s CFO may approve the disposal of Force goods under £10,000 that are deemed surplus to requirements or obsolete. Disposal of goods over £10,000 will require the approval of the PCC’s CFO.
Asset Disposal. Disposing of, selling or leasing out a significant portion of their assets, or participating in a process of merger, division, consolidation, transfer of a significant portion of their assets, spin-off, transformation, change of corporate name, or any other significant modification of their legal structure.
