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.