DCA Disposition definition
Examples of DCA Disposition in a sentence
Upon the Administrative Agent's receipt of the cash proceeds of the DCA Disposition, (i) DCA shall cease to be a Borrower, (ii) DCA and each DCA Guarantor shall cease to be a "Grantor" under the Security Agreement, (iii) each DCA Guarantor shall cease to be a "Guarantor" under the Credit Agreement and (iv) the stock of DCA and each DCA Guarantor shall no longer be considered "Pledged Stock" or "Collateral" under the Pledge Agreement.
Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions: "DCA Closing Date" means the effective date of the DCA Disposition.
Without limiting the generality of the provisions of Section 11.08 of the Credit Agreement, the consent and waiver set forth in Section 3 shall be limited precisely as written and is provided solely with respect to (i) the Dispositions and the release of Liens on related Collateral as specified in Section 3, (ii) the Event of Default resulting from the DCA Disposition and (iii) the dissolution of the Dissolving Companies.