Permitted Transfers has the meaning set forth in Section 4.2.17(d).
Permitted Transfers means (a) Dispositions of inventory in the ordinary course of business; (b) Dispositions of property to the Borrower or any Subsidiary; provided, that if the transferor of such property is a Loan Party then the transferee thereof must be a Loan Party; (c) Dispositions of accounts receivable in connection with the collection or compromise thereof; (d) licenses, sublicenses, leases or subleases granted to others not interfering in any material respect with the business of the Borrower and its Subsidiaries; and (e) the sale or disposition of Cash Equivalents for fair market value.
Permitted Transfers shall have the meaning set forth in Section 8.3.
Examples of Permitted Transfers in a sentence
This Agreement may only be assigned by Developer with the prior written approval of the City, which consent may not be unreasonably withheld, conditioned or delayed; provided however, that the foregoing restriction on assignment shall not apply to any "Permitted Transfers" as described in Article IX of the Development Agreement.
All Permitted Transfers are subject to the additional limitations set forth in Section 10.07(b).
More Definitions of Permitted Transfers
Permitted Transfers means (i) sales of Inventory in the ordinary course of business, (ii) licenses in the ordinary course of business for the use of Intellectual Property that terminate on or prior to the Maturity Date, or (iii) dispositions of worn-out, obsolete or surplus Equipment at fair market value in the ordinary course of business.
Permitted Transfers. (i) Permitted Encumbrances, (ii) all transfers of worn out or obsolete furnishings, fixtures or equipment that are not reasonably necessary for the operation of the Property or, if necessary for the operation of the Property, are replaced with equivalent property, (iii) all Leases which are not Material Leases, (iv) all Material Leases which have been approved by Lender in writing in Lender's reasonable discretion or which are deemed approved in accordance with the Mortgage, (v) provided no Event of Default has occurred and is continuing, a Special Transfer, (vi) transfers of Equity Interests which in the aggregate during the term of the Loan (a) do not exceed forty-nine percent (49%) of the total interests in the Borrower or Manager, as applicable, and (b) do not cause any partner's, member's, shareholder's, beneficial owner's or other Person's interest in the Borrower or Manager, as applicable, to exceed forty-nine percent (49%) of the total interests in Borrower or Manager, as applicable, (vii) provided no Event of Default has occurred and is continuing, any transfer permitted pursuant to either (a) the Equity Option Agreement or (b) the Property Option Agreement, provided any such transfer is completed on or prior to the Exercise Date (as defined in the Intercreditor Agreement), (viii) provided no Event of Default has occurred and is continuing, any Synthetic Lease approved by Lender in accordance with Section 10.33 below, (ix) provided no Event of Default has occurred and is continuing, transfers of Equity Interests to wholly-owned Affiliates of Manager Sponsor provided that, (a) after any Securitization, the Rating Agencies shall have confirmed in writing that such transfer or transfers shall not result in a downgrade, withdrawal or qualification of any Securities issued in connection with such Securitization, (b) acceptable opinions relating to such transfer or transfers shall have been delivered by Borrower or Manager, as applicable, to Lender and the Rating Agencies (including without limitation tax and bankruptcy opinions), and (c) Borrower or Manager pays all reasonable expenses incurred by Lender in connection with such transfer or transfers, (x) provided no Event of Default has occurred and is continuing, any other transfer of Equity Interests provided that (a) prior to any Securitization, Lender shall have consented to such transfer or transfers, (b) after any Securitization, Lender shall have consented to such transfer or transfers and the R...
Permitted Transfers means (A) dispositions of inventory sold, and Permitted Intellectual Property Licenses entered into, in each case, in the ordinary course of business, (B) dispositions of worn-out, obsolete or surplus property at fair market value in the ordinary course of business; (C) dispositions of accounts or payment intangibles (each as defined in the UCC) resulting from the compromise or settlement thereof in the ordinary course of business for less than the full amount thereof; (D) transfers consisting of Permitted Investments in Wholly-Owned Subsidiaries under clause (G) of Permitted Investments; and (E) other transfers of assets to any Person other than to a joint venture and which have a fair market value of not more than fifty thousand dollars ($50,000) in the aggregate in any twelve (12) month period.
Permitted Transfers is defined in Section 12.2(b).
Permitted Transfers means (i) sales of Inventory in the ordinary course of business, (ii) non-exclusive licenses and similar arrangements for the use of Intellectual Property in the ordinary course of business and licenses that could not result in a legal transfer of title of the licensed property but that may be exclusive in respects other than territory and that may be exclusive as to territory only as to discreet geographical areas outside of the United States in the ordinary course of business, or (iii) dispositions of worn-out, obsolete or surplus property at fair market value in the ordinary course of business, (iv) transactions permitted by Section 7.9 and (v) other Transfers of assets having a fair market value of not more than $500,000 in the aggregate in any fiscal year.
Permitted Transfers has the meaning set forth in Section 5.6.
Permitted Transfers means (a) Dispositions of inventory in the ordinary course of business; (b) Dispositions of property to the Borrower or any Subsidiary; (c) Dispositions of accounts receivable in connection with the collection or compromise thereof; (d) licenses, sublicenses, leases or subleases granted to others not interfering in any material respect with the business of the Borrower and its Subsidiaries; and (e) the sale or disposition of Cash Equivalents for fair market value.