Special Conditions applicable to any Crem Disposal Clause Samples

Special Conditions applicable to any Crem Disposal. The certificate of the relevant Obligor referred to in Clause 16.1.1 (General Conditions for Permitted Disposals) also confirms that: 16.2.1 the Restricted Payments Condition is satisfied; and 16.2.2 the proposed disposal will not cause any breach of the EBITDA DSCR and Free Cashflow DSCR set out in the Restricted Payments Condition in the 12 months following such disposal; and 16.2.3 the anticipated Net Sale Proceeds of such proposed disposal are equal to or greater than 120 per cent. of the Allocated Debt Amount; and 16.2.4 the Net Sale Proceeds will be applied in accordance with Clause 16.6.2 (Application of Net Sale Proceeds from Permitted Disposals); and 16.2.5 no more than two Crem Disposals will have been made (including that proposed) after the Closing Date from the portfolio of crematoria businesses conducted at the Closing Date.