Permitted Disposal amend the definition of Permitted Disposal to include in addition to the existing “Permitted Disposals”:
Permitted Disposal amend the definition of Permitted Disposal under the Credit Agreement to include in addition to the existing “Permitted Disposals” a disposal by any member of the Group of all or any of the Towers Assets.
Permitted Disposal. (a) Paragraph (l) of the definition of “Permitted Disposal” in clause 1.1 (Definitions) of the Original Facility Agreement shall be restated as follows:
Permitted Disposal. In relation to any Eligible Collateral subject to a Permitted Disposal, the Agent shall instruct:
Permitted Disposal. A Shareholder must not Dispose of any legal or beneficial interest in its Shares or its rights and interest in any Shareholder Loan, except:
Permitted Disposal any of the following:
Permitted Disposal. At any time prior to Completion, the Company may sell the shares of the Excluded Company to any third party and on any terms which it thinks fit, provided that at such time the Excluded Company is no longer a legal or beneficial owner of any Shares. The Warrantor shall procure that the Excluded Company shall, following Completion, retain sufficient funds in their control to remit to the Company to discharge the Company's obligations under the PAYE Regulations or procure that the Optionholders remit such funds to the Company. In any event such funds shall be remitted to the Company within 7 days of Completion.
Permitted Disposal in relation to the whole or any part or parts of the Property, any of the following:
Permitted Disposal add a new limb to the definition of Permitted Disposal for:
Permitted Disposal. The dealings contemplated in this clause 10 shall constitute a Permitted Disposal as contemplated under the General Security Agreement.
