Required Disposition definition

Required Disposition has the meaning set forth in Section 6.6(a) hereof.

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Required Disposition has the meaning set forth in Section 3.5 hereof.

Required Disposition means the disposition of either WMTV (TV), serving Madison, Wisconsin, or WIFR-TV, serving Rockford, Illinois, as such disposition may be required pursuant to an order of the Federal Communications Commission.

Examples of Required Disposition in a sentence

• In no event will Losses be deemed to include any taxes payable in connection with such Required Disposition.

• For purposes of this Section 6.6, Voting Securities disposed of in a Required Disposition shall be deemed to have been disposed of in the order in which such Voting Securities were purchased.

• Each such Financial Institution shall use reasonable efforts to dispose of the Residual Shares within 90 Business Days after receipt of the Required Disposition Notice.

• In connection with any Required Disposition, Seller agrees to offer Buyer the first opportunity to acquire such Life Insurance Company before commencing any general solicitation of potential purchasers.

• If a Financial Institution has not disposed of its Residual Shares prior to the Final Disposition Date, the Company may require such Financial Institution to dispose of the Residual Shares by delivering a written notice (the "Required Disposition Notice") to such Financial Institution invoking the right set forth in this Section 4.02(d).

• If a Financial Institution ------------------------------------- has not disposed of its Residual Shares prior to the Final Disposition Date, the Company may require such Financial Institution to dispose of the Residual Shares by delivering a written notice (the "Required Disposition Notice") to such --------------------------- Financial Institution invoking the right set forth in this Section 4.02(d).

• Within two (2) Business Days’ of HVIF’s receipt of Required Disposition Proceeds, HVIF shall withdraw from the Series 2020-1 Principal Collection Account an amount equal to net proceeds of such sale or other disposition and distribute such amount to the Series 2020-1 Noteholders in respect of principal of the Series 2020-1 Notes to make a reduction in the Principal Amount pursuant to, and in accordance with, Section 5.2(c).

• If one or more -------------------------------------------- Financial Institutions has not disposed of its Residual Shares within 90 Business Days after receipt of the Required Disposition Notice, the Company shall have the right in its sole discretion to appoint a nationally recognized investment banking firm (selected after consultation with FT and such Financial Institutions) to conduct a sale of the Residual Shares held directly or indirectly by such Financial Institutions.

More Definitions of Required Disposition

Required Disposition means any Disposition of assets by Holdings or any of its Subsidiaries that is necessary or desirable due to any requirement of Law in order to facilitate the consummation of a Permitted Acquisition or Investment.

Required Disposition means the disposition of either WMTV(TV), serving Madison, Wisconsin, or WIFR-TV, serving Rockford, Illinois, as such disposition may be required pursuant to an order of the Federal Communications Commission.

Required Disposition any ongoing disposition in full by News, DirecTV and their respective Affiliates of the Competing Interest held by them in a Competing Platform which is occurring pursuant to the exercise by Globo of the Disposition Right and which Globo, News and DirecTV reasonably expect to be completed within 90 days of the exercise of such Disposition Right, subject to one 90-day extension period if necessary to obtain regulatory approvals that News, DirecTV and their respective Affiliates have been using commercially reasonable efforts to obtain. Retained Sky Interest: with respect to Globo or News, (a) at any time prior to the Closing, the Sky Brasil Quotas held by the Globo Group or the News Group, as applicable, as of the Signing Date or (b) at any time on or after the Closing, the Sky Brasil Quotas held by the Globo Group or the News Group, as applicable, as of Closing, in each case (i) after giving effect to the conversion of all 2004 Sky Equity Funding and any other Equity Funding made but not yet capitalized or converted as of the Signing Date or the Closing Date, as applicable, in accordance with Sections 4.4 through 4.7 of the Amended Sky Brasil Quotaholders Agreement or the Closing Sky Brasil Quotaholders Agreement, as applicable, provided that any such conversion shall only be a deemed and not an actual conversion until the Value Determination Date, (ii) as adjusted to include additional securities of Sky Brasil issued in respect thereof (including debt or securities convertible, exchangeable or exercisable for such securities) by way of stock or quota dividend, stock or quota split, reverse split, reorganization, reclassification, recapitalization or other corporate action and (iii) in the case of Globo, as may be reduced pursuant to a transfer by Globo of Sky Brasil Quotas pursuant to Section 10.2(d) of the Participation Agreement or Section 8.7(c) of the Combination Agreement or pursuant to Section 4.5 of the Amended Sky Brasil Quotaholders Agreement or the Closing Sky Brasil Quotaholders Agreement.