Prepayment Disposition definition
Prepayment Disposition means any Disposition made under Section 6.03(a)(iv)(E) or any Sale and Leaseback Transaction made under Section 6.10.
Prepayment Disposition means (i) any Asset Sale, (ii) any other disposition of the type referred to in clause (b) of the definition of Asset Sale and (iii) any Casualty Event (other than a Casualty Event relating to property or assets which, had they been disposed of immediately prior to the applicable Casualty Event, would not have constituted an “Asset Sale”).
Prepayment Disposition. “Sanctioned Person”, “Sanctions” or any definition forming part thereof;
Examples of Prepayment Disposition in a sentence
The Borrower shall promptly notify the Administrative Agent of the receipt by the Borrower, or, as applicable, such Subsidiary, of such Net Cash Proceeds from any such Equity Issuance, Debt Issuance or Prepayment Disposition, and such notice shall be accompanied by a reasonably detailed calculation of such Net Cash Proceeds received.
The Borrower shall, within five Banking Days of the occurrence of a Prepayment Disposition, prepay outstanding credit under the Credit Facility in an amount equal to 100% of the Applicable Prepayment Amount.
The Borrower shall promptly (and not later than the date of receipt thereof) notify the Administrative Agent of the receipt by the Borrower or, as applicable, any Subsidiary, of such Net Cash Proceeds from any such Equity Issuance, Debt Issuance or Prepayment Disposition, and such notice shall be accompanied by a reasonably detailed calculation of such Net Cash Proceeds.
Promptly following receipt of such notice, the Administrative Agent shall advise the Lenders of the occurrence of the Prepayment Disposition and the anticipated Net Cash Proceeds thereof.
The Borrowers shall, within five Banking Days of the occurrence of a Prepayment Disposition, prepay outstanding credit under the Credit Facility in an amount equal to 100% of the Applicable Prepayment Amount.
More Definitions of Prepayment Disposition
Prepayment Disposition means (i) any Asset Sale, (ii) any other Disposition of the type referred to in clause (b) of the definition of Asset Sale and (iii) any Casualty Event (other than a Casualty Event relating to property or assets which, had they been disposed of immediately prior to the applicable Casualty Event, would not have constituted an “Asset Sale”).
Prepayment Disposition means any Disposition by the Borrower or any of its Subsidiaries after the date hereof of any Property (including without limitation Dispositions of capital stock of any Subsidiary or other Person and the issuance of capital stock by any Subsidiary) other than (a) Dispositions among the Borrower or any of its Subsidiaries or an issuance or sale of capital stock by a Subsidiary of the Borrower to the Borrower or to another Subsidiary of the Borrower, (b) Dispositions of obsolete or unused assets or Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property, (c) Dispositions in the ordinary course of business, including, without limitation, sales of crude oil, natural gas and other petroleum hydrocarbons and the sale or exchange of interests in oil and gas leases, in each case, in the ordinary course of business, (d) rig sale and leasebacks in accordance with past practices and (e) other Dispositions not referred to in clauses (a) through (d) of Property with a fair market value for all such Dispositions after the Effective Date not to exceed $100,000,000.
Prepayment Disposition means any Disposition described in clauses (c), (d) and (h) of the definition of “Permitted Disposition”.
Prepayment Disposition means the sale, transfer, license, lease or other disposition of any Property by the Borrower or any Subsidiary (including the Capital Stock of any Subsidiary) after the Effective Date, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith, but excluding (i) the sale, lease, license, transfer or other disposition of assets in the ordinary course of business of the Borrower and its Subsidiaries, including, without limitation, any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith for collection in an aggregate amount not to exceed $100,000,000 during the term of this Agreement, (ii) any sale, lease, license, transfer or other disposition of Property by the Borrower or any Subsidiary to the Borrower or any Subsidiary, (iii) sales of Margin Stock for fair value as determined in good faith by the board of directors of the Borrower and (iv) asset sales and other dispositions (including Equity Issuances by the Borrower’s Subsidiaries), the proceeds of which do not exceed $25,000,000 in any single transaction or related series of transactions or $50,000,000 in the aggregate). Notwithstanding the foregoing, any “Disposition” (as defined in the Note Purchase Agreement) that would result in a requirement to repurchase, or make an offer to repurchase, Indebtedness as required by Section 10.5(2) of the Note Purchase Agreements shall be deemed to constitute a Prepayment Disposition.
Prepayment Disposition means any Disposition by the Borrower or any of its Subsidiaries of any property other than (a) Dispositions by the Borrower or any of its Subsidiaries to the Borrower or one of its Subsidiaries, (b) Dispositions in the ordinary course of business and (c) other Dispositions not referred to in clauses (a) or (b) generating Net Cash Proceeds not greater than $10,000,000 in the aggregate.
Prepayment Disposition means any DISPOSITION by the BORROWER or any of the BORROWER’S SUBSIDIARIES other than DISPOSITIONS: (a) of INVENTORY or other assets of the BORROWER or its SUBSIDIARIES or the licensing of INTELLECTUAL PROPERTY by the BORROWER or its SUBSIDIARIES, in each case in the ordinary course of business; (b) of obsolete or worn-out property, tools or equipment, or property, tools or equipment no longer used or useful in the business of the BORROWER or any of its SUBSIDIARIES; or (c) to a SUBSIDIARY of the BORROWER or to the BORROWER.
Prepayment Disposition means (a) any Disposition other than (i) a Disposition of the type described in ▇▇▇▇▇▇▇ ▇.▇▇(▇), (▇), (▇), (▇), (▇), (▇), (▇), (▇), (▇) (but only to the extent the property so Disposed was not, at the time of such Disposition, Collateral) or (n), (ii) Dispositions between and among Loan Parties or (iii) Dispositions from any Subsidiary that is not a Loan Party to the Company or a Wholly-Owned Subsidiary and (b) any Involuntary Disposition.