Asset Disposition definition

Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

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Asset Disposition means the sale or other disposition by the Company or any of its Restricted Subsidiaries (other than to the Company or another Restricted Subsidiary) of (i) all or substantially all of the Capital Stock of any Restricted Subsidiary or (ii) all or substantially all of the assets that constitute a division or line of business of the Company or any of its Restricted Subsidiaries.

Asset Disposition a sale, lease, license, consignment, transfer or other disposition of Property of an Obligor, including a disposition of Property in connection with a sale-leaseback transaction or synthetic lease.

Examples of Asset Disposition in a sentence

Subject to the prepayments contemplated pursuant to Section 2.2(f), fail to deposit all proceeds received by any Loan Party related to the Collateral into either the Equity Borrower Account, the Asset Disposition Borrower Account or the Loss Proceeds Borrower Account (as applicable).
Upon receipt of such Net Cash Proceeds, such Net Cash Proceeds shall be deposited into the Asset Disposition Borrower Account and then subject to withdrawal solely to make such mandatory prepayment of the Loans on the same Banking Day such Net Cash Proceeds are received by Borrower.
Each of Holdings, Borrower and their respective Subsidiaries shall, and shall cause the other Loan Parties to, promptly upon receipt, deposit all Revenues, proceeds or other payments or amounts received by such Person into the Asset Disposition Borrower Account or the Loss Proceeds Borrower Account, or to, at such time, make a Mandatory Prepayment of the Loans or other payment in respect of the Obligations, in each case, to Administrative Agent for the benefit of the Lenders.
The VL Group shall not permit an Asset Disposition of all or any part of their property or assets (whether presently held or subsequently acquired), unless no Default or Event of Default exists at the time of such Asset Disposition and the proposed Asset Disposition will not cause a Default or Event of Default.
Establish or maintain any bank accounts other than the Equity Borrower Account, Asset Disposition Borrower Account, the Loss Proceeds Borrower Account or the Loan Proceeds Account.

More Definitions of Asset Disposition

Asset Disposition means the disposition whether by sale, lease, transfer, loss, damage, destruction, condemnation or otherwise of any of the following: (a) any of the stock of any of Borrower's Subsidiaries or (b) any or all of the assets of Borrower or any of its Subsidiaries other than sales of inventory in the ordinary course of business.

Asset Disposition means any sale, lease, license, transfer, assignment or other consensual disposition by any Credit Party of any asset.

Asset Disposition means the disposition of any or all of the assets (including without limitation the Capital Stock of a Subsidiary) of any Consolidated Party whether by sale, lease, transfer or otherwise (including pursuant to any casualty or condemnation event).

Asset Disposition means any Transfer except:

Asset Disposition means the sale or other disposition by an Issuer or any of the Restricted Subsidiaries, other than to an Issuer or another Restricted Subsidiary, of:

Asset Disposition means any direct or indirect sale, lease (other than an operating lease entered into in the ordinary course of business), transfer, issuance or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are part of a common plan, of shares of Equity Interests of a Subsidiary (other than directors’ qualifying shares), property or other assets (each referred to for the purposes of this definition as a “disposition”) by the Borrower or any of its Subsidiaries, including any disposition by means of a merger, amalgamation, consolidation or similar transaction.