Disposed of definition

Disposed of shall have correlative meanings.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Disposed of means to convey, sell, lease, sell and leaseback, assign, farm-out, transfer or otherwise dispose of any property, business or asset. The term “Disposition” shall have a correlative meaning to the foregoing.

Disposed of means to convey, sell, lease, sell and leaseback, assign, farm-out, transfer or otherwise dispose of any property, business or asset (including the issuance of Equity Interests by a Subsidiary and the disposition of any property, business or asset to a Delaware Divided LLC or Delaware Divided LP pursuant to a Delaware LLC Division or Delaware LP Division, respectively). The term “Disposition” shall have a correlative meaning to the foregoing.

Examples of Disposed of in a sentence

The Borrower has (a) good, sufficient and legal title to (in the case of fee interests in real property), if any, (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), if any, and (c) good title to (in the case of all other personal property), all of other properties and assets of the Borrower, in each case except for assets Disposed of in accordance with Section 8.05 of this Agreement.
To the extent any Collateral is Disposed of as expressly permitted by this Section 7.05 to any Person other than the Borrower, such Collateral shall be sold free and clear of the Liens created by the Loan Documents, and the Administrative Agent or the Collateral Agent, as applicable, shall be authorized to take any actions deemed appropriate in order to effect the foregoing.
For the avoidance of doubt, no Guarantor shall be released from its guarantee obligations under the Loan Documents if less than all of its capital stock and Equity Interests are sold or otherwise Disposed of.
A Membership interest may not be Disposed of, including by foreclosure of an Encumbrance (or Disposition in lieu of such foreclosure), or Encumbered, in whole or in part, except in strict accordance with this Section 3.03.

More Definitions of Disposed of

Disposed of shall have a correlative meaning to the defined term of “Disposition”.

Disposed of shall have correlative meanings. For the avoidance of doubt, the terms Disposition, Dispose and Disposed of do not refer to the issuance, sale or transfer of Capital Stock by Holdings.

Disposed of shall have correlative meanings, but excluding, licenses and leases entered into in the ordinary course of business or that are customarily entered into by companies in the same or similar lines of business.

Disposed of means transported from the Iron and Steel Plant, transported from a Mine or Plant (except to a Plant or another Plant) or otherwise disposed of;

Disposed of shall have correlative meanings. For the avoidance of doubt, the term “Disposition” shall not include any sale or issuance by the Company of its Capital Stock.

Disposed of shall have correlative meanings. “Disqualified Stock”: any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the date on which the Loans mature. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement will be the maximum amount that the Borrower and the other Group Members may become obligated to pay upon maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock or portion thereof, plus accrued dividends. “Division”: in reference to any Person which is an entity, the division of such Person into two (2) or more separate Persons, with the dividing Person either continuing or terminating its existence as part of such division, including as contemplated under Section 18-217 of the Delaware Limited Liability Company Act, or any analogous action taken pursuant to any other applicable Requirements of Law. “Dollars” and “$”: dollars in lawful currency of the United States. “Dollar Equivalent” is, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in a currency other than Dollars, the equivalent amount therefor in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate for the purchase of Dollars with such currency. “Domestic Subsidiary”: any Subsidiary of the Borrower organized under the laws of any jurisdiction within the United States. “DP Amounts”: any and all deferred payments, holdbacks or similar deferred consideration in connection with a Permitted Acquisition, calculated in accordance with GAAP as the estimated amount thereof on the closing date for the applicable Permitted Acquisition, which determination shall be made on the date the definitive documentation for the applicable Permitted Acquisition is entered into. Notwithstanding anything herein to the contrary, Permitted Seller Debt that does not require any cash interest or principal payments while any Obligations remain outstanding shall not constitute DP Amounts

Disposed of means evidence is destroyed, thrown away, or returned to the owner or his or her designee.