Examples of Disposition Event in a sentence
If the Participating Public Entities believe that a Disposition Event has occurred and that TMPA has not timely given a Disposition Notice, the Participating Public Entities may give a Disposition Notice to the Escrow Agent and TMPA.
This Agreement shall terminate (i) upon the written agreement of TMPA and the Participating Public Entities, or (ii) automatically upon the distribution of all amounts in the Escrow Account following the Decommissioning Completion, or a Disposition Event; provided, Sections 4.2 and 4.3 shall survive the termination of this Agreement.
The Decommissioning Reserve Account is to be held until Decommissioning Completion pursuant to Section 3.2 of the Decommissioning Escrow Agreement, or a Disposition Event pursuant to Section 3.3 of the Decommissioning Escrow Agreement and thereafter disbursed in accordance with Section 5.5 above and the Decommissioning Escrow Agreement.
If a Collateral Disposition Event shall have occurred and be continuing, the Brazilian Collateral Agent (acting in accordance with the terms of the Indenture) may exercise, in addition to all other rights and remedies granted in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Secured Obligations, all rights and remedies of a secured party under the laws of the Federative Republic of Brazil and all other rights and remedies available at law or in equity.
If any Collateral Disposition Event has occurred, and whether or not the Brazilian Collateral Agent or the Secured Parties seek or pursue any right, remedy, power or privilege available to them under Applicable Law, this Agreement or any other Transaction Document, all profits and other distributions on the Collateral shall be paid directly to the Brazilian Collateral Agent and retained by it as part of the Collateral, subject to the terms of this Agreement.