Common use of Permitted Dispositions Clause in Contracts

Permitted Dispositions. If no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower or any of its Subsidiaries may (i) sell any property, land or building (including any related receivables or other intangible assets) to any person which is not a Subsidiary of the Borrower, or (ii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary owned by the Borrower or any other Subsidiary to any person which is not a Subsidiary of the Borrower, or (iii) permit any Subsidiary to be merged or consolidated with a person which is not an Affiliate of the Borrower, or (iv) consummate any other Asset Sale with a person who is not a Subsidiary of the Borrower; PROVIDED that:

Permitted Dispositions. If no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower or any of its Subsidiaries may (i) sell any property, land or building (including any related receivables or other intangible assets) to any person Person which is not a Subsidiary of the Borrower, or (ii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary owned by the Borrower or any other Subsidiary to any person Person which is not a Subsidiary of the Borrower, or (iii) permit any Subsidiary to be merged or consolidated with a person Person which is not an Affiliate of the Borrower, or (iv) consummate any other Asset Sale with a person Person who is not a Subsidiary of the Borrower; PROVIDED that:

Permitted Dispositions. If no Default or Event of Default shall have occurred and be continuing or would result therefrom, the a Borrower or any of its Subsidiaries may (i) sell any property, land or building (including any related receivables or other intangible assets) to any person which is not a Subsidiary of the Borrowerperson, or (ii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary Subsidiary, other than a Material Subsidiary, owned by the a Borrower or any other Subsidiary Subsidiary, other than a Material Subsidiary, to any person which is not a Subsidiary of the Borrowerperson, or (iii) permit any Subsidiary Subsidiary, other than a Material Subsidiary, to be merged or consolidated with a person which is not an Affiliate of the BorrowerGenlyte Group, or (iv) consummate any other Asset Sale with a person who is not a Subsidiary of the that Borrower; PROVIDED provided that:

Permitted Dispositions. If no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower or any of its Subsidiaries may may: (i) consummate any Permitted Disposition; (ii) sell any property, land or building (including any related receivables or other intangible assets) to any person which that is not a Subsidiary of the Borrower, or ; (iiiii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary owned by the Borrower or any other Subsidiary to any person which that is not a Subsidiary of the Borrower, or ; (iiiiv) permit any Subsidiary to be merged or consolidated with a person which that is not an Affiliate of the Borrower, ; or (ivv) consummate any other Asset Sale with a person who is not a Subsidiary of the Borrower; PROVIDED provided that:

Permitted Dispositions. If no Default or Event of Default shall have has occurred and be is continuing or would result therefrom, the Borrower Company or any of its Subsidiaries may (i) sell any property, land or building (including any related receivables or other intangible assets) to any person which is not a Subsidiary of the BorrowerCompany, or (ii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary owned by the Borrower Company or any other Subsidiary to any person which is not a Subsidiary of the BorrowerCompany, or (iii) permit any Subsidiary to be merged or consolidated with a person which is not an Affiliate of the BorrowerCompany, or (iv) consummate any other Asset Sale with a person who is not a Subsidiary of the BorrowerCompany; PROVIDED provided that:

Permitted Dispositions. If no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower Company or any of its Subsidiaries may (i) sell any property, land or building (including any related receivables or other intangible assets) to any person which is not a Subsidiary of the BorrowerCompany, or (ii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary owned by the Borrower Company or any other Subsidiary to any person which is not a Subsidiary of the BorrowerCompany, or (iii) permit any Subsidiary to be merged or consolidated with a person which is not an Affiliate of the BorrowerCompany, or (iv) consummate any other Asset Sale with a person who is not a Subsidiary of the BorrowerCompany; PROVIDED provided that:

Permitted Dispositions. If no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower or any of its Subsidiaries may (i) sell any property, land or building (including any related receivables or other intangible assets) to any person Person which is not a Subsidiary of the Borrower, or (ii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary owned by the Borrower or any other Subsidiary to any person Person which is not a Subsidiary of the Borrower, or (iii) permit any Subsidiary to be merged or consolidated with a person Person which is not an Affiliate of the Borrower, or (iv) consummate any other Asset Sale with a person Person who is not a Subsidiary of the Borrower; PROVIDED provided that:

Permitted Dispositions. If no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower or any of its Subsidiaries may (i) sell any Exhibit 10.3 property, land or building (including any related receivables or other intangible assets) to any person Person which is not a Subsidiary of the Borrower, or (ii) sell the entire capital stock (or other equity interests) and Indebtedness of any Subsidiary owned by the Borrower or any other Subsidiary to any person Person which is not a Subsidiary of the Borrower, or (iii) permit any Subsidiary to be merged or consolidated with a person Person which is not an Affiliate of the Borrower, or (iv) consummate any other Asset Sale with a person Person who is not a Subsidiary of the Borrower; PROVIDED provided that: