Permitted Dispositions means each of the following:
Permitted Dispositions means:
Permitted Dispositions means any of the following:
Examples of Permitted Dispositions in a sentence
The Loan Parties shall not, directly or indirectly, (a) make a Disposition of any assets or property (or any interest therein) or (b) issue or sell Equity Interests (other than directors’ qualifying shares and shares issued to foreign nationals or other third parties to the extent required by applicable law) of any Loan Party (other than the Parent) other than to any other Loan Party (whether in a single transaction or a series of related transactions), in each case, except for Permitted Dispositions.
Notwithstanding the foregoing, the Loan Parties will not make any Permitted Dispositions (other than Permitted Dispositions described in paragraph (a)(i) of such definition) during the continuance of a Default or Event of Default, or if a Default, Event of Default or Material Adverse Effect would result therefrom.
Other than Permitted Dispositions, the Borrower will not, and will not permit any other Loan Party to, directly or indirectly, make any Dispositions or enter into or effect any Hedge Monetizations, in each case, without the prior consent of the Majority Lenders and provided that a Borrowing Base redetermination is done in accordance with Section 3.10(b)(v).
Each Loan Party will not convey, sell, lease, license, assign, transfer, or otherwise dispose of any of its assets (including by an allocation of assets among newly divided limited liability companies pursuant to a “plan of division”), except for Permitted Dispositions and transactions permitted under Section 6.3.
Except for Permitted Dispositions, Permitted Acquisitions and the issuance or sale of Qualified Stock by Borrower, issue or sell or enter into any agreement or arrangement for the issuance or sale of any of its Stock.
More Definitions of Permitted Dispositions
Permitted Dispositions means (a) sales or other dispositions of Equipment that is substantially worn, damaged, or obsolete in the ordinary course of business, (b) sales of Inventory to buyers in the ordinary course of business, (c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents, and (d) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business.
Permitted Dispositions means (a) sales or other dispositions of Equipment that is substantially worn, damaged, or obsolete in the ordinary course of business, (b) sales of Inventory to buyers in the ordinary course of business (which, in the case of Borrowers, shall include seismic data exchanges consistent with past practice), (c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents, and (d) the licensing, on a non-exclusive basis, of seismic data, patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business.
Permitted Dispositions means (a) sales or other dispositions by Borrowers of Equipment that is substantially worn, damaged, or obsolete in the ordinary course of the applicable Borrower's business, (b) sales by Borrowers of Inventory to buyers in the ordinary course of business, (c) the use or transfer of money or Cash Equivalents by Borrowers in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents, (d) the licensing by Borrowers, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of the applicable Borrower's business, (e) the merger or consolidation of any wholly-owned Subsidiary with or into, the liquidation of any wholly-owned Subsidiary into, or the disposition of any or all of the assets of any wholly-owned Subsidiary to, any Borrower or any Guarantor (other than Holdings) so long as (i) no other provision of this Agreement would be violated thereby, (ii) Administrative Borrower gives Agent at least 30 days' prior written notice of such merger, consolidation, liquidation or disposition, (iii) Agent's rights in any of the Collateral, including, without limitation, the existence, perfection and priority of the Agent's Liens therein, are not adversely affected by such merger, consolidation, liquidation or disposition, (iv) Agent determines in its Permitted Discretion that such merger, consolidation, liquidation or disposition is not materially disadvantageous to the Lenders and (v) such Borrower or Guarantor is the surviving corporation, (f) the D-24 Production Line Transaction, PROVIDED, that (i) immediately before and after giving effect to such transaction no Default or Event of Default shall exist, (ii) no other provision of this Agreement would be violated thereby, (iii) the consideration received by AMTROL shall be in an amount at least equal to the appraised value of such equipment determined by Agent prior to the Closing Date and the proceeds shall consist solely of cash and (iv) the net cash proceeds of such sale or other disposition are applied pursuant to SECTION 2.4(C)(II), (g) the sale or other disposition of the stock or assets of AMTROL Germany so long as (i) immediately before and after giving effect to such transaction no Default or Event of Default shall exist, (ii) no other provisions of this Agreement would be violated thereby, (iii) Administrative Borrower gives Agent at least 30 days' prior written notice of such sale or other disposition, (iv) A...
Permitted Dispositions means (a) sales or other dispositions of Equipment that is substantially worn, damaged, or obsolete in the ordinary course of business, (b) sales of Inventory to buyers in the ordinary course of business, (c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents, and (d) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business and (d) the sale of assets having an aggregate book value on the Books of the “Borrowers” (as such term is defined in the WWF Facility) not exceeding $100,000 in any twelve-month period.
Permitted Dispositions means (a) the sale, lease, license, transfer or other disposition of inventory in the ordinary course of business, (b) the sale, lease, license, transfer or other disposition in the ordinary course of business of surplus, obsolete or worn out property no longer used or useful in the conduct of business of any Loan Party and its Subsidiaries, (c) any sale, lease, license, transfer or other disposition of property to any Loan Party or any Subsidiary; provided, that, if the transferor of such property is a Loan Party (i) the transferee thereof must be a Loan Party or (ii) to the extent such transaction constitutes an Investment, such transaction is permitted under Section 8.02, (d) granting licenses of IP Rights on a non-exclusive basis in the ordinary course of business to the extent (i) not interfering with the Business of the Borrower and its Subsidiaries and (ii) not resulting in a legal transfer of such IP Rights, (e) any Involuntary Disposition, (f) the sale, transfer, issuance or other disposition of a de minimis number of shares of the Equity Interests of a Foreign Subsidiary in order to qualify members of the governing body of such Subsidiary if required by applicable Law, (g) the abandonment or other disposition of IP Rights that are not material and are no longer used or useful in any material respect in the Business of the Borrower and its Subsidiaries, (h) licenses, sublicenses, leases or subleases (in each case, other than with respect to IP Rights or intellectual property) granted to third parties in the ordinary course of business and not interfering with the Business of the Borrower and its Subsidiaries, (i) dispositions of cash and Cash Equivalents in the ordinary course of business, (j) dispositions of less than fifty percent (50%) of the Equity Interests of a Subsidiary that is a Management Services Organization in connection with an Acquisition permitted under this Agreement or the termination of a Management Services Agreement, in each case, to the extent that the Loan Parties remain in compliance with Section 8.13; and (k) to the extent constituting a Disposition, Investments permitted under Section 8.02 (other than by reference to Section 8.05 or this definition (or any sub-clause thereof or hereof)) and Restricted Payments permitted under Section 8.06 (other than by reference to Section 8.05 or this definition (or any sub-clause thereof or hereof)).
Permitted Dispositions means, as to the Borrower or any Guarantor, any of the following:
Permitted Dispositions means the sale, or exchange for Additional Assets, of Assets by the Issuer at a price or value equal to fair market value at the time of such sale or exchange, subject to the following limitations: