Common use of Method of Disposition Clause in Contracts

Method of Disposition. The Final Registration Statement shall be used solely to effect (i) a distribution by the Stockholder of all Final Registrable Securities to the Adelphia Claimants pursuant to a chapter 11 plan of reorganization confirmed by the Bankruptcy Court and (ii) to the extent required by the Commission so that the Final Registrable Securities, when issued to the Adelphia Claimants in such transactions, will be freely tradable by such Adelphia Claimants and not subject to any resale restrictions (except to the extent that any such Adelphia Claimant is an Affiliate of the Issuer or an underwriter (as defined in section 1145(b) of the Bankruptcy Code)), the resale of the Registrable Securities (such distribution described in clauses (i) and (ii), the “Final Distribution”).

Appears in 6 contracts

Samples: Registration Rights and Sale Agreement (Comcast Corp), Asset Purchase Agreement (Time Warner Inc), Asset Purchase Agreement (Adelphia Communications Corp)

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