Designated Disposition means, collectively, the sales, transfers, leases or other dispositions described on Schedule 15 of the Information Certificate.
Designated Disposition means a Disposition where (i) an MAI appraisal of the assets being disposed of has been effected by a firm selected by the Administrative Agent and (ii) the sales price is at least equal to 100% of the value of such assets as determined by such MAI appraisal.
Designated Disposition means the sale, transfer, lease or other disposition by a Loan Party of any one or more of the following: (i) any item of Real Estate owned by a Loan Party and located in Canada as identified on Schedule 3.5 hereto, and (ii) the Real Estate owned by the Lead Borrower located in Sikeston, Missouri and Fredericktown, Missouri and used as warehouses.
Examples of Designated Disposition in a sentence
In addition to the foregoing, without the consent of the Required Lenders, neither the Borrower nor any Subsidiary shall enter into any transaction in respect of the Disposition (other than a Designated Disposition) of any asset with any Apollo/THL Affiliate involving an amount in cash and/or the fair value of assets in excess of $500,000.
Agent and the Lenders hereby agree that the Designated Disposition shall constitute a Permitted Disposition for all purposes under the Loan Agreement and the other Loan Documents.
Each Real Estate Property owned of record and beneficially by the Company (and not held through or on behalf of a joint venture or other contracting parties) is covered by an owners title insurance policy insuring the Company's title in fee simple to such Real Estate Property in substantially the amount of the Designated Disposition Value of such Real Estate Property.
More Definitions of Designated Disposition
Designated Disposition means the Designated Business Disposition and the Designated Real Property Disposition.
Designated Disposition means, collectively, the sales, transfers, leases or other dispositions described on Schedule 15 of the Information Certificate.
Designated Disposition means a Disposition by the Borrower or any of its Subsidiaries of (i) any shares or other equity interests in Ecobee Inc., (ii) any shares or other equity interests in a Filter Entity, or (iii) any Property of a Filter Entity. “ Disposition ” means any sale, assignment, transfer, conveyance, permanent user license or other disposition of any nature or kind whatsoever of any Property or of any right, title or interest in or to any Property, and the verb “ Dispose ” will have a correlative meaning . “Distributions” means the payment by a Person: (a) of any dividends or distributions on any equity interests, (b) of any interest, premium or fees owing on any indebtedness, including any indebtedness which is subordinate to the indebtedness owing to the Lenders (including, without limitation, in respect of Existing Intercompany Debt, Future Intercompany Debt, Permitted Unrestricted Subsidiary Debt and the $15 Million Subordinated Note), (c) distributions paid in cash under the Restricted Share Grant Plan or the Deferred Compensation Plan, (d) non - cash distributions of Share Based Compensation, (e) the application of such Person’s assets to the purchase, redemption or other acquisition or retirement of any of its shares, partnership, or trust units, as applicable, (f) permanent repayments (partial or full) of the principal amount of the Alberta Utilities Commission Debt or the $15 Million Subordinated Note, or (g) any other like distributions of funds whatsoever by such Person; for greater certainty the capitalization of interest together with any fees payable hereunder and the addition thereof to the principal amount of the Obligations from time to time shall not constitute a Distribution. “EBITDA” means, for any period for the Borrower determined on a Modified Consolidated Basis, net income for such period: (a) increased by the sum of (without duplication):
Designated Disposition means the Designated Business ---------------------- Disposition and the Designated Subsidiaries Disposition.
Designated Disposition means a Disposition by the Borrower or any of its Subsidiaries of (i) any shares or other equity interests in <Redacted>, (ii) any shares or other equity interests in a <Redacted> Entity, or (iii) any Property of a <Redacted> Entity . “ Disposition ” means any sale, assignment, transfer, conveyance, permanent user license or other disposition of any nature or kind whatsoever of any Property or of any right, title or interest in or to any Property, and the verb “ Dispose ” will have a correlative meaning . “Distributions” means the payment by a Person: (a) of any dividends or distributions on any equity interests, (b) of any interest, premium or fees owing on any indebtedness, including any indebtedness which is subordinate to the indebtedness owing to the Lenders (including, without limitation, in respect of Existing Intercompany Debt, Future Intercompany Debt, Permitted Unrestricted Subsidiary Debt and the <Redacted> Subordinated Notes), (c) distributions paid in cash under the Restricted Share Grant Plan or the Deferred Compensation Plan, (d) non - cash distributions of Share Based Compensation, (e) the application of such Person’s assets to the purchase, redemption or other acquisition or retirement of any of its shares, partnership, or trust units, as applicable, (f) permanent repayments (partial or full) of the principal amount of the Alberta Utilities Commission Debt or the <Redacted> Subordinated Notes, or (g) any other like distributions of funds whatsoever by such Person; for greater certainty the capitalization of interest together with any fees payable hereunder and the addition thereof to the principal amount of the Obligations from time to time shall not constitute a Distribution. “EBITDA” means, for any period for the Borrower determined on a Modified Consolidated Basis, net income for such period: (a) increased by the sum of (without duplication): (i) Total Interest Expense for such period; (ii) Income Tax Expense for such period; ( iii) Depreciation Expense for such period (which for greater certainty does not include any amortization of contract initiation costs); ( iv) non - cash losses resulting from the fair value of derivative financial investments for such period;
Designated Disposition means a Disposition by JustEnergy or any of its Subsidiaries of (i) any shares or other equity interests in <Redacted>, (ii) any shares or other equity interests in a <Redacted> Entity, or (iii) any Property of a <Redacted> Entity. “ Disposition ” means any sale, assignment, transfer, conveyance, permanent user license or other disposition of any nature or kind whatsoever of any Property or of any right, title or interest in or to any Property, and the verb “ Dispose ” will have a correlative meaning .
Designated Disposition has the meaning provided in the definition of “Net Proceeds”.