Common use of Limitation on Disposition of Assets Clause in Contracts

Limitation on Disposition of Assets. The Issuer is, subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount plus accrued and unpaid interest to, but excluding, the date of repurchase with the Net Cash Proceeds of certain sales or other dispositions of assets in accordance with the Indenture.

Appears in 4 contracts

Samples: Indenture (Dana Inc), Dana Inc, Indenture (Dana Inc)

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Limitation on Disposition of Assets. The Issuer isIssuers are, subject to certain conditions, obligated to make an offer to purchase a Net Proceeds Offer for Notes at a purchase price equal to 100% of their the principal amount thereof, plus accrued and unpaid interest tothereon, but excludingif any, to the date Net Proceeds Offer Payment Date (subject to the right of repurchase Holders of record on the Interest Relevant Record Date to receive interest due on the relevant Interest Payment Date) with the Net Cash Proceeds excess proceeds of certain sales or other dispositions of assets in accordance with the Indentureasset dispositions.

Appears in 2 contracts

Samples: Indenture (GPPW Inc), GPPW Inc

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