Disposition Requirements definition

Disposition Requirements means, in the case of a Disposition of any Core Excluded Asset (including to any Subsidiary of the Company) or the designation of any Subsidiary that owns a Core Excluded Asset as an Unrestricted Subsidiary:
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Disposition Requirements means, in the case of a Disposition of any Core Excluded Asset (including to any Subsidiary of the Company) or the designation of any Subsidiary that owns a Core Excluded Asset as an Unrestricted Subsidiary (a) other than in the case of a Disposition to a Loan Party or a Tax Incentive Transfer, (i) that the sale proceeds shall be applied in accordance with Section 2.05(b), and (ii) that the Company shall be in pro forma compliance with the Financial Covenants before and after giving effect to such Disposition, (b) other than in the case of a Tax Incentive Transfer, that the Company shall have entered into (i) in the case of the New York Knicks or the New York Rangers, one or more Transfer Rights Agreements and (ii) in the case of the Arena Venue, a Booking Agreement, and (c) other than in the case of a Tax Incentive Transfer, in the case of a transfer of all or any portion of the Arena Property to an Unrestricted Subsidiary, that such transfer is made in contemplation of a financing for which the Company has entered into a binding agreement within six months after such transfer and such financing is consummated within six months of signing such binding agreement (and if not so consummated such Arena Property is transferred back to the Company).
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Examples of Disposition Requirements in a sentence

  • Additionally, the Borrower and its Restricted Subsidiaries will not Dispose of any Spectrum except (a) pursuant to a Permitted JV Transfer or a Permitted Spectrum Swap, or (b) in a Sale and Leaseback Transaction or in a Disposition to a third party that is not an Affiliate of the Borrower, in each case, to the extent that, immediately after giving effect thereto on a pro forma basis, the Spectrum Disposition Requirements are satisfied with respect thereto.

  • The Collateral Manager and the Issuer hereby agree that each repurchase of Collateral Obligations will be undertaken in accordance with the Portfolio Acquisition and Disposition Requirements.

  • Any acquisition of any Collateral Obligation must satisfy the Portfolio Acquisition and Disposition Requirements.

  • The Collateral Manager and the Issuer hereby agree that each substitution of Collateral Obligations will be undertaken in accordance with the Portfolio Acquisition and Disposition Requirements.

  • On any date during the Reinvestment Period, the Collateral Manager on behalf of the Issuer may, subject to the other requirements in this Indenture and compliance with the Portfolio Acquisition and Disposition Requirements, direct the Trustee to invest Principal Proceeds, amounts on deposit in the Ramp-Up Account, Principal Financed Accrued Interest and Principal Financed Capitalized Interest, and the Trustee shall invest such Principal Proceeds and other amounts in accordance with such direction.

  • The state CS agency shall also comply with additional requirements: Cloud solution (optional for cloud environments), Retention and Disposition Requirements; Breach Reporting and Notification Responsibility; Security Certification; and Audit Requirements.

  • Consistent with federal statutes and regulations, CSD issued CPN-A -17-01: Equipment Use and Disposition Requirements.

  • Any sale or other disposition of a Collateral Interest shall be subject to the Acquisition and Disposition Requirements.

  • The state agency must also comply with additional requirements: Cloud Solution (optional for cloud environments), Retention and Disposition Requirements, Breach Reporting and Notification Responsibility, Security Certification, and Audit Requirements.

  • The Note Administrator shall be entitled to conclusively rely on such notice and shall not be required to make any determination as to whether any loans or participations satisfy the Eligibility Criteria, the Acquisition Criteria or the Acquisition and Disposition Requirements.