Disposition Payment Date definition

Disposition Payment Date has the meaning set forth in Section 301(d).

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Disposition Payment Date means the date established by Viacom, which in no event shall be more than 30 days after the date on which the Disposition was consummated, upon which Viacom shall pay in the manner provided in Section 307 of the CVR Agreement to each CVR Holder for each CVR of a particular series held by such CVR Holder the applicable amount, if any, as determined by Viacom pursuant to Section 301(d) of the Agreement.

Disposition Payment Date shall have the meaning set forth in Section 1.03(a)(v).

Examples of Disposition Payment Date in a sentence

• In the event that the Maturity Date, the Disposition Payment Date, or the Default Payment Date, as the case may be, shall not be a Business Day, then (notwithstanding any provision of this Agreement or the CVRs to the contrary) payment on the CVRs need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Maturity Date, the Disposition Payment Date, or the Default Payment Date, as the case may be.

• Such payment shall be made on any date (the "Total Disposition Payment Date") established by the Company, which in no event shall be more than 30 days after the date on which the Total Disposition was consummated.

• In case any such mutilated, destroyed, lost or stolen CVR has become or is to become due and payable within 15 days, the Company in its discretion may, instead of issuing a new CVR Certificate, pay such CVR on the Maturity Date, the Disposition Payment Date or the Default Payment Date, as the case may be.

• As soon as practicable after the Disposition Consummation Date, the Company shall give the Holder hereof and the Trustee notice of such Disposition and the Disposition Payment Date, as provided in Section 301(d) of the Agreement.

• Such payment shall be made in (i) Cash (as defined below) or (ii) Cash and Shares (as defined below) on the third Business Day following the Maturity Date, or in Cash on the Default Payment Date or the Disposition Payment Date upon the occurrence of an Event of Default or a Disposition, as the case may be, each as defined in the Agreement referred to on the reverse hereof.

• Such payment shall be made on the date (the "Disposition Payment Date") established by the Company, which in no event shall be more than 30 days after the date on which the Disposition was consummated.

• In the event that the Company determines that no amount is payable on the CVRs to the Holder on the Maturity Date or the Disposition Payment Date, as the case may be, as a result of Automatic Extinguishment or otherwise, the Company shall give to the Holder and the Trustee written notice of such determination.

• Upon the consummation of a Total Disposition, the Company shall pay to the Holder hereof for each VSR represented hereby an amount, if any, as determined by the Accounting Firm, equal to the lesser of (x) the excess, if any, of the Base Amount, determined as of the Total Disposition Payment Date over the Total Disposition Amount and (y) $3.25.

• In the event that it is determined that no amount is payable on the VSRs to the Holder on an Optional Call Date, the Maturity Date, the Default Payment Date or the Total Disposition Payment Date, as the case may be, the Company shall give to the Holder and the Trustee notice of such determination.

• In the event that the Company determines that no amount is payable on the CVRs to the Holder on the Maturity Date or the Disposition Payment Date, as the case may be, as a result of Automatic Extinguishment or otherwise, the Company shall give to the Holder and the Trustee notice of such determination.

More Definitions of Disposition Payment Date

Disposition Payment Date with respect to a Disposition, means the date established by the Company for payment of the amount due on the VCRs in respect of such Disposition, which in no event shall be more than 38 days after the date on which such Disposition was consummated.

Disposition Payment Date means, with respect to any sale of a Manufactured Home constituting Collateral referred to in Section 11 hereof for which a payment is required to be made by SHS to TFC thereunder, the earlier of (I) the date which is 7 calendar days after the date of any such sale and (II) the date on which the sum of (A) all outstanding payments required to be made under Section 11 in respect of such sales, (B) all outstanding payments required to be made under Section 12 in respect of any lost, stolen, destroyed or damaged beyond repaid Manufactured Homes constituting Collateral, (C) all curtailments or payments at maturity required to be paid under Section 12 and (D) all borrowing base payments required under Sections 1 through 4 then due and payable first, in the aggregate, exceeds after such sale 5% of the aggregate principal amount of the Advances then outstanding, provided that, if a Default or Event of Default shall exist, Disposition Payment Date shall mean the date on which any of the proceeds of such sale is received.

Disposition Payment Date means the date established by Viacom, which in no event shall be more than 30 days after the date on which the Disposition was consummated, upon

Disposition Payment Date has the meaning set forth in Section 203.

Disposition Payment Date with respect to a Disposition, means the date established by ▇▇▇▇▇▇ Holdings for payment of the amount due on the CVRs in respect of such Disposition, which in no event shall be more than 30 days after the date on which such Disposition was consummated. "Default Payment Date" means the date on which the CVRs become due and payable upon the declaration thereof following an Event of Default. Early Redemption Date means the date established by ▇▇▇▇▇▇ Holdings for redemption of the CVRs upon an Early Redemption.

Disposition Payment Date with respect to a Disposition, means the date established by MC for payment of the amount due on the VCRs in respect of such Disposition, which in no event shall be more than 38 days after the date on which such Disposition was consummated. "Default Payment Date" means the date on which the VCRs become due and payable upon the declaration thereof following an Event of Default.