PRIVATE DISPOSITION definition
PRIVATE DISPOSITION means any Disposition of Distributed Shares that is not a Public Disposition, and does not result in the Shareholder retaining beneficial ownership of the Distributed Shares. As used in this Agreement, gross proceeds of a Private Disposition shall mean the greater of:
PRIVATE DISPOSITION means any Disposition that is not a Public Disposition. As used in this Agreement, gross proceeds of a Private Disposition shall mean: (i) the fair market value of all consideration given by the transferee(s) in such Private
Examples of PRIVATE DISPOSITION in a sentence
The public disposition shall be at any place designated by FINOVA, with or without the Collateral being present, and which commences at any time between 8:00 a.m. and 5:00 p.m. (PROVIDED THAT NO NOTICE OF ANY PUBLIC OR PRIVATE DISPOSITION NEED BE GIVEN TO THE BORROWER IF THE COLLATERAL IS PERISHABLE OR THREATENS TO DECLINE SPEEDILY IN VALUE OR IS OF A TYPE CUSTOMARILY SOLD ON A RECOGNIZED MARKET).