Permitted Disposition definition

Permitted Disposition means any of the following:

Permitted Disposition means any Disposition permitted by Section 7.05.

Permitted Disposition has the meaning specified in Section 7.05.

Examples of Permitted Disposition in a sentence

• In connection with any Permitted Disposition or other disposition consented to by the DIP Lender, the DIP Lender shall promptly execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence the termination or release of Liens on the assets the subject of such disposition.

• In the event of a Permitted Disposition of a Member’s Membership Interest, the Board shall have the right, at its sole discretion, to admit the Permitted Transferee as a Member of the Company (a “Substitute Member”), upon execution and delivery of a joinder agreement or similar agreement, agreeing to be bound by the terms, conditions and restrictions contained in this Agreement (as the same may be modified, amended or restated from time to time).

More Definitions of Permitted Disposition

Permitted Disposition means any Disposition of any assets of the Borrower or any of its Subsidiaries, whether in a single transaction or a series of related transactions, to any Person, but only if

Permitted Disposition means, with respect to Dispositions of Collateral, any of the following:

Permitted Disposition shall have the meaning set forth in SECTION 6.05.

Permitted Disposition means any of the following so long as no Event of Default exists or will result therefrom:

Permitted Disposition shall have the meaning set forth in Section 10.5 hereto.

Permitted Disposition means a sale, exchange or other disposition of OP Units (i) by a Protected Partner or Guaranty Partner: (a) to such Protected Partner’s or Guaranty Partner’s children, spouse or issue; (b) to a trust for such Protected Partner or Guaranty Partner or such Protected Partner’s or Guaranty Partner’s children, spouse or issue; (c) in the case of a trust which is a Protected Partner or Guaranty Partner, to its beneficiaries, or any of them, whether current or remainder beneficiaries; (d) to a revocable inter vivos trust of which such Protected Partner or Guaranty Partner is a trustee; (e) in the case of any partnership or limited liability company which is a Protected Partner or Guaranty Partner, to its partners or members; and/or (f) in the case of any corporation which is a Protected Partner or Guaranty Partner, to its shareholders, and (ii) by a party described in clauses (a), (b), (c) or (d) to a partnership, limited liability company or corporation of which the only partners, members or shareholders, as applicable, are parties described in clauses (a), (b), (c) or (d); provided, that for purposes of the definition of Tax Protection Period, such Protected Partner or Guaranty Partner shall be treated as continuing to own any OP Units which were subject to a Permitted Disposition unless and until there has been a sale, exchange or other disposition of such OP Units by a permitted transferee which is not another Permitted Disposition.

Permitted Disposition shall have the meaning provided in the Credit Agreement.