Disposition of Facilities Sample Clauses

Disposition of Facilities. If no Default shall have occurred and be continuing beyond any applicable cure period, the Company may sell or otherwise dispose of the Secured Company’s Facilities in the ordinary course of business, but only with the prior written consent of the Counties, which consent may be denied in the sole discretion of each County. Upon such sale or other disposition, the Counties shall execute and deliver to the Company, or to such other person or persons as the Company shall reasonably designate, all termination statements and similar documents prepared by the Company which the Company shall reasonably request to evidence the release of the lien and security interest created hereunder with respect to any such of the Secured Company’s Facilities.
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Disposition of Facilities. In the event this Agreement expires and is not renewed, or revoked or otherwise terminated, as provided herein, the City may in its sole discretion, do any of the following:
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Disposition of Facilities. If this Agreement is terminated under any circumstances, all Facilities shall remain the property of the State (or if disposed of, the proceeds therefrom) to be used for Fire Protection for the benefit of all assessed forestlands in the District.
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Disposition of Facilities. Subject to the further provisions of this Section 10.6, the disposition of any Initial Facility, Replacement Facility or New Facility (i) after this Agreement has terminated, or (ii) at any time after Freeport has determined that any such Facility is no longer appropriate for the performance of this Agreement, shall be made as Freeport in its sole discretion shall decide.
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Disposition of Facilities. 13 Upon termination of this Agreement pursuant to Section 22.4.5 herein, Operator shall have 14 the option either to: (i) retain the Interconnection Facilities and/or the Generating Facility 15 Interconnection Tie Line, and pay to Interconnector the Net Salvage Value thereof, or (ii) 16 remove or cause to be removed the Interconnection Facilities and/or the Generating Facility 17 Interconnection Tie Line, deliver or cause to be delivered the salvageable material and 18 equipment of such facilities to Interconnector, repair or cause to be repaired any damage to 19 the Hassayampa Switchyard caused by such removal, and restore or cause to be restored 20 the site to a clean and neat condition. For purposes of the foregoing, the term “Net Salvage 21 Value” shall mean the fair market value of any salvageable material and equipment that 22 would have been delivered to the Interconnector if the Operator had elected to remove the 23 Interconnection Facilities and/or the Generating Facility Interconnection Tie Line, minus all 1 costs and expenses that would have been incurred in removing such facilities, repairing any 2 damage to the Hassayampa Switchyard, and restoring the site to a clean and neat condition.
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Disposition of Facilities. If this agreement is terminated under any circumstances, all Facilities shall remain the property of the State. FORESTLAND PROTECTION AGREEMENT - East Oregon FPA AGENDA ITEM C 7 Attachment 3 Page 7 of 10
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Disposition of Facilities. 12 Upon termination of this Agreement pursuant to Section 22.4.5 herein, Operator shall have 13 the option either to: (i) retain the Interconnection Facilities and/or the Generating Facility 14 Interconnection Tie Line, and pay to Interconnector the Net Salvage Value thereof, or (ii) 15 remove or cause to be removed the Interconnection Facilities and/or the Generating Facility 16 Interconnection Tie Line, deliver or cause to be delivered the salvageable material and 17 equipment of such facilities to Interconnector, repair or cause to be repaired any damage to 18 the Hassayampa Switchyard caused by such removal, and restore or cause to be restored 19 the site to a clean and neat condition. For purposes of the foregoing, the term “Net Salvage
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Disposition of Facilities. Nothing contained in this Agreement shall be deemed to prohibit the right of Company or any Facility Operator to sell or otherwise dispose of any Company LTC Facility or New Facility or to assign any lease or a management agreement with respect thereto so long as any such acquiror of such Company LTC Facility or New Facility assumes the liabilities and obligations of this Agreement or any Pre-Existing Provider Agreement, Existing Provider Agreement or New Provider Agreement then in effect. Notwithstanding any provision in the foregoing sentence to the contrary, nothing in this Agreement shall be construed to require Company to operate or continue to operate any Company LTC Facility or New Facility for any length of time, to make any payment under this Agreement to Provider for failure to continue to operate any such facility, or to otherwise be required to deal further with Provider in respect of any facility where the Company's right to operate such facility under lease or management agreement with a third party expires or terminates pursuant to the terms thereof.
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Related to Disposition of Facilities

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Restrictions on Dispositions Shareholder agrees that, from and after the date of this Agreement and through the Effective Time, he or she will not take any action that will alter or affect in any way the right to vote the Shares, except (i) with the prior written consent of Bancorp or (ii) to change such right from that of a shared right of Shareholder to vote the Shares to a sole right of Shareholder to vote the Shares.

  • Restrictions on Disposition The Stockholder hereby agrees, except as permitted in this Section 4(a) and Section 4(b) below, not to directly or indirectly, offer to sell, contract to sell, transfer, assign, cause to be redeemed or otherwise sell or dispose of any of the Parent Shares (collectively a "Disposition") received by the stockholder in connection with the Merger without the prior written consent of Cordiant. Notwithstanding anything to the contrary provided in this Agreement, the Stockholder shall have the right to transfer Parent Shares (i) to any Family Member, (ii) to the trustee or trustees of a trust solely (except for remote contingent interests) for the benefit of the Stockholder and/or one or more Family Members and/or a charitable organization (a "Family Member Trust"), (iii) to a foundation created or established by the Stockholder, or any other charitable organization, (iv) to a corporation of which the Stockholder and/or any Family Member and/or any Family Member Trust owns all of the outstanding capital stock, (v) to a limited liability company of which the Stockholder and/or any Family Member and/or any Family Member Trust owns all of the outstanding membership interests, (vi) to a partnership of which the Stockholder and/or any Family Member and/or any Family Member Trust owns all of the partnership interests, (vii) to the executor, administrator or personal representative of the estate of the Stockholder or any other Family Member, or (viii) to any guardian, trustee or conservator appointed with respect to the assets of the Stockholder, provided, that in the case of any such transfer, the transferee shall execute an agreement to be bound by the terms of this Agreement (each such transfer, a "Permitted Transfer" and, collectively, the "Permitted Transfers"). For purposes of this Agreement, "Family Member" shall mean (a) the Stockholder's spouse, if living with the Stockholder, (b) any one of the following: the Stockholder's father, mother, issue, brother or sister, and the issue of a brother or sister, and (c) the spouse of any Family Member described in (b) above, if the spouse shall be living with that Family Member. The Stockholder hereby agrees and consents to the entry of stop transfer instructions with Cordiant's transfer agent against the transfer of such Parent Shares except in compliance with this Agreement. Notwithstanding the foregoing, the Stockholder may pledge, hypothecate or otherwise grant a security interest in all or a portion of the Parent Shares beneficially owned by him during the term of this Agreement; provided, however, that any Person receiving such Parent Shares shall be subject to all of the restrictions on Disposition of such Parent Shares imposed by this Agreement to the same extent as the Stockholder.

  • Dispositions of Equipment No Borrower shall sell, lease or otherwise dispose of any Equipment, without the prior written consent of Agent, other than (a) a Permitted Asset Disposition; and (b) replacement of Equipment that is worn, damaged or obsolete with Equipment of like function and value, if the replacement Equipment is acquired substantially contemporaneously with such disposition and is free of Liens.

  • Disposition of Proceeds The Security Documents contain an assignment by the Borrower and/or the Guarantors unto and in favor of the Collateral Agent for the benefit of the Lenders of all of the Borrower’s or each Guarantor’s interest in and to their as-extracted collateral in the form of production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property. The Security Documents further provide in general for the application of such proceeds to the satisfaction of the Obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Documents, until the occurrence of an Event of Default, (a) the Administrative Agent and the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Lenders will instead permit such proceeds to be paid to the Borrower and its Subsidiaries and (b) the Lenders hereby authorize the Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the Borrower and/or such Subsidiaries.

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Dispositions and Involuntary Dispositions The Borrower shall, within ten (10) Business Days of the receipt of any Net Cash Proceeds received by any Loan Party or any Subsidiary from any Dispositions (other than Dispositions permitted pursuant to Section 7.05, except clause (c) thereof) and Involuntary Dispositions, prepay the Loans and/or Cash Collateralize the L/C Obligations as hereinafter provided, in an aggregate amount equal to (x) if the Consolidated Leverage Ratio for the most recently ended Measurement Period, is greater than 2.00 to 1.00, 100% of the Net Cash Proceeds from such Disposition or Involuntary Disposition or (y) if the Consolidated Leverage Ratio for the most recently ended Measurement Period, is equal to or less than 2.00 to 1.00, 0% of the Net Cash Proceeds from such Disposition or Involuntary Disposition; provided, however, that so long as no Event of Default shall have occurred and be continuing, such Net Cash Proceeds shall not be required to be so applied (A) until the aggregate amount of the Net Cash Proceeds derived from any such Disposition or Involuntary Disposition in any fiscal year of the Borrower is equal to or greater than $2,000,000 and (B) at the election of the Borrower) as notified by the Borrower to the Administrative Agent on or prior to the date that any mandatory prepayment is due and payable pursuant to this clause (i) to the extent such Loan Party or such Subsidiary reinvests all or any portion of such Net Cash Proceeds in like assets of the general type used in the business of Holdings and its Subsidiaries within 365 days after the receipt of such Net Cash Proceeds; provided that, if the Borrower or its Subsidiaries enters into a legally binding commitment to invest such Net Cash Proceeds within such 365-day period, it may directly or through one or more of its Subsidiaries so invest such Net Cash Proceeds within 180 days after such 365 day period; provided further that if such Net Cash Proceeds shall have not been so reinvested, such Net Cash Proceeds shall be immediately applied to prepay the Loans and/or Cash Collateralize the L/C Obligations in accordance with the terms of this Section 2.05(b).

  • Limitation on Disposition of Property Dispose of any of its Property (including, without limitation, receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Limitations on Disposition No Grantor will sell, license, lease, transfer or otherwise dispose of any of the Collateral, or attempt or contract to do so except as permitted by the Credit Agreement.

  • Other Dispositions Notwithstanding the foregoing provisions of this Article X, so long as an Event of Default shall have occurred and be continuing, any amount that would otherwise be payable to or for the account of, or that would otherwise be retained by, Lessee pursuant to this Article X shall be paid to the Agent (or Lessor if the Loans have been fully paid) as security for the obligations of the Lessees under this Lease and, at such time thereafter as no Event of Default shall be continuing, such amount shall be paid promptly to the related Lessee to the extent not previously applied by Lessor or the Agent in accordance with the terms of this Lease or the other Operative Documents.

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