Exempt Disposal definition

Exempt Disposal means any sale by a member of the Borrower Group of any asset where:

Exempt Disposal has the meaning given to it in Clause 8.5 (Mandatory prepayment from Net Sale Proceeds).

Exempt Disposal means the Disposal of a First Home in one of the following circumstances:

Examples of Exempt Disposal in a sentence

• The Council will on request take such steps as are required to assist with removal of the restriction from the title of any part of the Site which is the subject of an Exempt Disposal or which ceases to be bound by the covenants in this Deed in the circumstances set out in Clause 3.

• However, the first sale of shares in a repurchased property will not be deemed an Exempt Disposal and Firm Scheme Grant will become recoverable immediately the share is sold and a sales receipt realised.

• Meaning of Relevant Disposal and Exempt Disposal (1) Sections 57 and 58 (meaning of “relevant disposal” and “exempt disposal”) apply for the purposes of this section.

• Your solicitor will need to write to Legal Services, Town Hall and Civic Offices, South Shields, Tyne and Wear NE33 2RL and provide a copy of your marriage certificate, together with a copy of the completed transfer, an administration fee and a Certificate of Exempt Disposal will be issued to your Solicitor.

• Your solicitor will need to write to Legal Services, Town Hall and Civic Offices, South Shields, Tyne and Wear NE33 2RL and provide a copy of either your Decree Absolute or if an Order of Court under section 24 or 24A of the Matrimonial Causes Act 1973 or section 17 of the Matrimonial and Family Proceedings Act 1984 has been made, a copy of the Order, and a copy of the transfer together with an administration fee in order that the Certificate of Exempt Disposal will be issued to your Solicitor.

More Definitions of Exempt Disposal

Exempt Disposal means a disposal of the whole or part of the premises which is:

Exempt Disposal means the Disposal of a First Home in one of the following circumstances: a Disposal to a spouse or civil partner upon the death of the First Homes Owner a Disposal to a named beneficiary under the terms of a will or under the rules of intestacy following the death of the First Homes Owner Disposal to a former spouse or former civil partner of a First Homes Owner in accordance with the terms of a court order, divorce settlement or other legal agreement or order upon divorce, annulment or dissolution of the marriage or civil partnership or the making of a nullity, separation or presumption of death order Disposal to a trustee in bankruptcy prior to sale of the relevant Dwelling (and for the avoidance of doubt paragraph 8 shall apply to such sale) Provided that in each case other than (d) the person to whom the disposal is made complies with the terms of paragraph 7

Exempt Disposal means any Disposal made pursuant to paragraphs 14.6(b)(i), 14.6(b)(ii),14.6(b)(iii), 14.6(b)(iv),14.6(b)(v), 14.6(b)(vi), 14.6(b)(vii), 14.6(b)(viii), (b)(ix) (to the extent that it relates to paragraph (a) of the definition of “Permitted Disposal) and (b)(x) (other than paragraph (a) of the definition of “Permitted Transaction”) of Clause 14.6 (Disposals).

Exempt Disposal means a disposal which is:

Exempt Disposal means any Disposal made pursuant to paragraphs (b)(i), (b)(ii), (b)(iii), (b)(iv),(b)(v), (b)(vi), (b)(vii), (b)(viii), (b)(ix) (to the extent that it relates to paragraph (a) of the definition of “Permitted Disposal) and (b)(x) (other than paragraph (i) of the definition of “Permitted Transaction”) of paragraph 5 (Disposals) of Annex 3 (General Undertakings).

Exempt Disposal has the meaning given to that term in Clause 22.4 (Disposals).

Exempt Disposal means a disposal that is the vesting of the whole of the Borrower's interest in the Property in a person taking under a will or on an Intestacy or under Section 24 or 24A of the Matrimonial Causes Act 1973 or under Section 2 of the Inheritance (Provision for Family and Dependants) Act 1975 or Section 17 of Matrimonial and Family Proceedings Act 1984 where (in the case of the death of the Borrower) such person is a member of the family of the Borrower who has resided with the Borrower throughout the period of 12 months ending with the death of the Borrower and for the purposes of this Deed, a "member of the family" has the same meaning as that contained in Section 62 of the Housing Act 1996 (as amended or replaced from time to time);