Restaurant Disposition definition

Restaurant Disposition means the sale or other disposition (whether by merger or consolidation or transfer of assets or equity interests issued by the Company or by one or more subsidiaries of the Company) of all or substantially all of the restaurant operations presently conducted by Claremont Restaurant Group, LLC.
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Examples of Restaurant Disposition in a sentence

  • The Trust Administrator shall have no liability for losses on investments in Eligible Investments made pursuant to this Section 4.12(c) (other than as obligor on any such investments).

  • The payment required to be made to the Executive pursuant to the foregoing provisions of this subsection (a) shall be made by bank check or other good funds at the closing of the Restaurant Disposition.

Related to Restaurant Disposition

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of:

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other non-cash form), in each case net of: