Engine Disposition definition

Engine Disposition means any sale, transfer or other disposition of any Engine (or an interest therein), including by reason of such Engine suffering a Total Loss.
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Examples of Engine Disposition in a sentence

  • The Trustee shall, or shall cause the Operating Bank to, retain in the Collections Account all or any portion of the Net Sale Proceeds realized from any Permitted Engine Disposition as to which the direction described in the preceding sentence is not received by the end of the last Business Day preceding the later of the date of any Engine Disposition and the date on which such Net Sale Proceeds are received.

  • Third, to the Servicer an amount equal to any accrued Disposition Incentive Fee allocable to the Engine that was the subject of such Engine Disposition.

  • Fifth, the E Certificate Basis Return Amount in respect of such Engine Disposition will be distributed to the E Certificate Investor, and the outstanding amount of the E Certificate will be reduced by the portion of the E Certificate Basis Return Amount actually distributed.

  • Third, to the payment of Disposition Incentive Fee allocable to the Engine subject to such Engine Disposition.

  • The “ Allocable Note Balance” for any Engine on any date is equal to the product of (i) the aggregate outstanding principal balance of the Notes and (ii) the quotient of (A) the Adjusted Base Value of such Engine divided by(B) the Adjusted Portfolio Value, in each case as of the most recent Payment Date prior to such Engine Disposition.

  • Project Solicitation 21Application Review and Selection 21Application-Verification Visits 21Awarding of Grants and Contracting 22Reimbursement 22Verification of Vehicle, Equipment, and Engine Disposition 22Monitoring and Reporting 23Commitments 23Chapter 1 Summary‌These guidelines contain the criteria for grants under the Texas Emissions Reduction Plan (TERP) Seaport and Rail Yard Areas Emissions Reduction (SPRY) Program administered by the Texas Commission on Environmental Quality.

  • The E Certificate Basis Return Amount is equal to the excess, if any, of (a) the Assumed Base Value of the Engine that was the subject of an Engine Disposition, as of the date of such Engine Disposition, over (b) the Allocable Note Balance for such Engine.

  • First, the Allocable Note Balance for the Engine that was the subject of such Engine Disposition will be distributed in payment of the principal amount of the Notes, allocated between the Series A Notes and the Series B Notes in proportion to their outstanding principal balances.

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  • First, the portion of the net proceeds from such Engine Disposition allocable to the Notes, based on the Adjusted Base Value of the Engine that was the subject of such Engine Disposition and the Adjusted Portfolio Value, will be applied to payment of the principal of the Notes.

Related to Engine Disposition

  • Specified Disposition means any disposition of all or substantially all of the assets or Capital Stock of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Permitted Disposition means any of the following:

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Excluded Disposal Proceeds means any Disposal Proceeds:

  • Permitted Dispositions means each of the following:

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • Permitted Disposal means any sale, lease, licence, transfer or other disposal:

  • REO Disposition The final sale by the Servicer of any REO Property.

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Foreign Disposition has the meaning set forth in Section 2.05(b)(xi).

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Related Entity Disposition means the sale, distribution or other disposition by the Company, a Parent or a Subsidiary of all or substantially all of the interests of the Company, a Parent or a Subsidiary in any Related Entity effected by a sale, merger or consolidation or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity, other than any Related Entity Disposition to the Company, a Parent or a Subsidiary.

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Financing Disposition means any sale, transfer, conveyance or other disposition of, or creation or incurrence of any Lien on, property or assets by the Company or any Subsidiary thereof to or in favor of any Special Purpose Entity, or by any Special Purpose Subsidiary, in each case in connection with a financing by a Special Purpose Entity or in connection with the Incurrence by a Special Purpose Entity of Indebtedness or obligations to make payments to the obligor on Indebtedness, which may be secured by a Lien in respect of such property or assets.

  • Permitted Asset Swap means the substantially concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and Cash Equivalents between the Issuer or any of its Restricted Subsidiaries and another Person; provided that any Cash Equivalents received must be applied in accordance with Section 4.10 hereof.

  • Sewage disposal system means all interceptor sewers, storm sewers, sanitary sewers, combined sanitary and storm sewers, sewage treatment plants, and all other plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, and disposal of sewage and industrial wastes, and includes a storm water drain system under the jurisdiction and control of a governmental agency.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of:

  • Asset Sale means any sale, issuance, conveyance, transfer, lease or other disposition (including, without limitation, by way of merger, consolidation or sale and leaseback transaction) (collectively, a “transfer”), directly or indirectly, in one or a series of related transactions, of: